There is more than one way to sell your Montgomery County house! So many people get wrapped up in the idea of listing, that they don’t explore all of the ways a home can be sold. Many people miss out on saving time and/or money by using the only solution they know how. There are many different ways to sell a house.
In this article, we will break down the pros and cons of each do you can make a smart and well-informed decision about how you wish to sell!
Pros of Direct Sale a House:
A direct sale offers many benefits people will often look over. It can save you a ton of time. Many people who make direct offers are paying in cash, so there is no waiting on the banks to secure the loan. This means you can sell your home in as little as a week! A quick sale will immediately end your financial obligations to the home such as insurance, utilities, and taxes. In addition, if you are not working with an agent, you will be able to save a ton of money on commissions, agent fees, and listing costs. Direct offers often will not require any cleaning, repairs or upgrades be done to the home. A direct sale will let you get a great price for your home, without having to wait. You can start planning your future now because right away you will know how much you are getting for your home and when.
Cons of Direct Sale a House:
The final sale price on a direct sale is often lower than retail.
Pros of Selling Yourself:
When it comes to selling your property, you are in control of the process and have the power to decide the best course of action for your situation. You can choose to work with an agent, sell your property as-is, or invest in repairs to potentially increase your property’s value. Once you have sold your property, you will no longer have to deal with paying an agent’s commission. However, it is important to remember that an agent’s commission is a percentage of the sale price and is only paid if they are successful in selling your property. Additionally, working with an agent can often result in a quicker sale and a higher sale price, which can offset the cost of their commission. Ultimately, the decision to work with an agent or sell your property on your own depends on your individual circumstances and priorities.
Cons of Selling Your House By Yourself:
You are in control of everything. You have to do all the work! You are in charge of advertising, dealing with potential buyers and their agents, reviewing contracts, handling negotiations and dealing with title companies. It can be a huge headache if you aren’t familiar with the process. And because it is your house, you might not be all business, and will instead operate with emotion. You cannot become offended by low offers, or overprice the house when you know it isn’t worth what you are asking.
Pros of Working With an Agent:
When it comes to selling a property, a good agent can handle the sale on your behalf. However, a great agent will not only take care of the sale but also go above and beyond to help you transition into a new home. A great agent will have connections and resources to help you settle into your new home with ease. They can provide valuable assistance such as arranging for photographers and professional stagers to showcase your property in the best possible light. While the commission paid to an agent may seem high, it is important to remember that you are paying for their expertise and access to their network of contacts, which can be invaluable in getting your property sold quickly and at the right price. Ultimately, working with a great agent can make all the difference in navigating the complex process of selling a property and transitioning to a new home.
Cons of Working With An Agent:
If you sell with an agent, you will be responsible to pay 100% of the commission owed to them. This is typically about 6% of your final sale price. In addition, you will be paying about 2% of the final sale price, toward closing costs. You will also have to pay up front to get the house ready for listing. This includes a professional cleaning, making repairs and cleaning done on a constant basis. There are also no guarantees on when it will sell. You will not know how much you are getting or when you are closing until the very end!
There are many ways to sell your Montgomery County house. Before you do anything else, make sure you fully research the options available to you. Don’t settle for one option until you learn what other selling methods will mean for you!