Written By Souki Fournier | June 29, 2021 | 4 minute read
"This is a seller's market!"
"Inventory is low, and the market is hot!"
We have all seen the social media posts and advertisements from Realtors assuring you that now is the time to list your home for sale with them. Real estate agents claim that your house will sell quickly and that you will get more money, but is that really the case in every situation?
The truth is, if your home requires repairs or renovations, selling your home, even in a fast-paced market, might not be as quick and easy as agents promise.
Should you list your home with a Realtor, or should you pursue another option like selling your house as-is to Simply? Read on to find the best choice for you and your situation.
Sure, move-in-ready homes are flying off the market almost as quickly as they are listed. But this is not the case with properties that need some serious TLC.
If your home is in poor condition or needs repairs, renovations will take time. You must ask yourself: How soon do you need to sell?
By the time you fix up your property, stage your home, wait for showings, negotiations, and inspections, your house could still sit on the market for months.
If life has thrown you a curveball and you need to move sooner rather than later, you might not have the time to pour money and effort into remodeling your home to appeal to buyers.
When listing your home with a Realtor, the agent will probably suggest repairs or updates for your home, especially if it is outdated or damaged. Renovations are one cost to consider, but there are also other expenses associated at different points in the real estate transaction.
The real estate commission is typically the most significant cost sellers encounter — 5 to 6 percent of the sale price. This means if your house sells for $250,000, you could pay $15,000 in commissions. The seller's real estate agent and the buyer's agent split this commission.
While this is optional, a Realtor may recommend one, especially if your home is older or damaged and there is a possibility of structural or mechanical issues. The cost of inspections varies, but sellers should expect to spend around $400 or more.
The buyer handles most closing expenses in a real estate transaction, but this does not mean sellers are off the hook. As a seller, you will be responsible for closing costs, too. These expenses could include property taxes, title insurance, and an escrow fee, to name a few.
Selling your home with a Realtor can be expensive, and it does not always pay off as you might hope. If you are short on funds anyway, spending more money to make it to the closing table is not the route to take.
While listing your home with an agent can be convenient in some ways, it can also be time-consuming and costly. If your house is older or in disrepair, the Realtor will probably suggest you renovate the problem areas to prepare your home for the market, costing you both time and money.
The costs continue to pile up at the closing table, where you are responsible for the agents' commission, among other expenses. On top of all that, while most Realtors work hard for their clients, not every agent has your best interests at heart.
What if I told you that you do not have to spend time or money fixing your home and listing with an agent to receive an all-cash, competitive offer for your property?
Selling your home as-is with Simply is an excellent option for homeowners whose properties are outdated or have other issues that would cause them to spend months on the market. Once you request an offer online (it only takes about 30 seconds!), within 24 hours, a Simply advisor will be in touch to learn more about you, your needs, and your property's condition.
A Simply Local Expert will come out to see your home, take pictures, and ask questions. Then we will make a competitive offer, in cash, with no finance contingencies, and you will be on your way to closing in as little as ten days!
It is not too good to be true...you really can sell your home as-is and receive the highest off-market price possible with no repairs, cleaning, or showings necessary.
Whether you bought a fixer-upper and have run out of funds for repairs, or circumstances have changed and you need to sell an aging parent's home quickly, at Simply we are here for you. We know life can be challenging, but we believe selling your home does not have to be.
The typical buyer may not be interested in your home, but we are! Our Advisors and Local Experts will work closely with you throughout the entire process to make sure that you feel comfortable and confident every step of the way.
You do not have to list with a Realtor to get a top-dollar, as-is offer for your home. Just enter your address, and we will let you know if we are interested in your property!
November 9, 2021