Selling a house in Montgomery County, PA can be a complex and daunting process, especially if you’re unsure of the best way to go about it. One of the most significant decisions you’ll need to make is whether to work with a real estate agent or an investor. While both options have their advantages and disadvantages, one of the most important considerations is the cost. In this article, we’ll explore the costs associated with selling your Montgomery County house with an agent versus selling to an investor, helping you make an informed decision that best suits your needs and goals.
Agent –
Marketing expenses for selling your Montgomery County house with an agent are part of the listing contract. They outline all of the steps that the agent will take towards selling the home, which can vary significantly by property.
Listing costs will include anything you must do to prepare to sell your Montgomery County house with an agent. These listing costs could consist of simple cleaning so that it is in ready condition for showings, to significant updates to the home’s interior, appliances, or more. Often, an agent will recommend sellers invest in renovations modernizing the features of a home to meet the demands of technology. Other amenities they may suggest space for two home offices or even the addition of a study area for school-aged children.
Repairs for any issues with the house will come out of pocket before closing. If the inspection revealed problems with your home that you were previously unaware of, you would also have to pay to complete these repairs. Otherwise, the lender will not approve the loan in many cases. Alternatively, you can expect the buyers to respond with their estimated costs for these repairs deducted from the offer. Avoiding this surprise can be achieved by hiring an inspector.
Staging expenses cover the cost to depersonalize the space, which enhances selling your Montgomery County house with an agent. Buyers who tour the home can easily imagine themselves occupying a home free of personal items or showing a distinct personal taste in decor. You may also encounter storage costs to clear your home of excess belongings.
Advertising expenses should be discussed and agreed to before signing the contract when selling your Montgomery County house with an agent. These costs include professional photography for the high-quality images buyers have come to expect as they search listings online and professional drone pilots to provide 360-degree virtual tours.
Commissions are paid for professional services provided, including marketing, paperwork, arranging for inspections, appraisals, and doing all of the footwork to bring a buyer to the door and finally the closing table when selling your Montgomery County house with an agent. You can expect to pay a total of around 6 percent of the sales price in commission.
Holding costs for the duration you have listed your Montgomery County house with an agent can quickly add up, especially if you have had to relocate. Suppose your reasons for selling are financial. In that case, the longer that the listing lingers on the market, the more monthly payments for the mortgage, insurance, and taxes, and all of the utilities you will continue to carry. The strain of this situation can cause restless nights and extreme stress for your entire family.
Investor –
Selling a house can be a complicated and stressful process, especially when it comes to deciding whether to sell with a real estate agent or to an investor. There are several factors to consider, including costs, timeframes, and the overall ease of the sale. In Montgomery County, PA, homeowners have the option to choose between these two methods, each with its own benefits and drawbacks.
Selling your house with a real estate agent involves listing your property, staging it, holding open houses, and negotiating with potential buyers. While this can be an effective way to get the best possible price for your house, it can also be expensive. Agents typically charge a commission of 5-6% of the sale price, which can add up to thousands of dollars. Additionally, there are often fees associated with listing, marketing, and closing the sale. This can result in a lengthy and costly process, especially if there are repairs or renovations that need to be done before the house can be listed.
On the other hand, selling your house to an investor can be a faster and less expensive option. Investors typically pay cash and buy your house as-is, which means you can skip costly repairs or renovations. This can be especially beneficial if you need to sell quickly or don’t have the funds to invest in repairs. Furthermore, investors usually do not charge any commissions or fees, which can save you thousands of dollars. They also typically close the sale much faster than traditional methods, sometimes in just a few days, which can be beneficial for those who need to move quickly.
While selling to an investor may result in a lower sale price than listing with an agent, it can be a valuable option for those who want to save time and money. If you’re considering selling your Montgomery County house and want to explore all your options, contact Property Buyer Today at 844-977-3336 or send us a message today. Our team of professionals can help you evaluate your situation and determine the best course of action for your unique needs.