You have made the important decision to sell your house in Florida, FL. Now, you may wonder if it’s best to enlist the assistance of a real estate agent. The prospect of paying substantial commissions might concern you, and understandably so. Additionally, you may ponder how long it will take for your house to attract an offer and eventually close the sale. Moreover, you might be curious about the repairs that need to be addressed before putting your house on the market. Another thought that might cross your mind is how your house appears when you depart for work in the morning. Furthermore, you might question whether you are available to accommodate showings with a 24-hour notice or even less. These are all valid considerations that can shape your selling journey.
Commissions and Fees
When it comes to selling your house, it’s important to consider the impact of commissions and fees. Real estate agents typically earn a percentage of the sale price as their commission. However, by opting not to use an agent, you can save thousands of dollars. The standard commission rate is around 3% per side, meaning that if your house sells for $400,000, you would have to pay a hefty $24,000 in commissions alone. On top of that, there are traditional seller’s closing fees and potential transaction fees associated with the closing agent and the real estate agent’s office. In contrast, real estate investors often do not charge high commissions or transaction fees, providing a more cost-effective alternative.
The Value of Time: Waiting Time Frame
While real estate agents have access to the multiple listing service (MLS), which increases exposure for your property, it’s essential to consider the waiting time involved. How long will your house sit on the market? How quickly will you receive offers? Real estate investors and direct house buyers have a network of connections, meaning that if your property doesn’t align with their portfolio, it may fit another buyer’s criteria. This translates to shorter waiting times for offers. Furthermore, when you sell your house in Florida, FL to house buyers, the closing process tends to be faster compared to traditional house purchases. Cash payments are often made in full, bypassing the need for bank qualifications, mortgage underwriting, property inspections, and the uncertainty of the buyer’s qualification in the end.
Navigating Inspections & Repairs
Professional house buyers in FL typically purchase houses as-is, which means you can breathe easy knowing that repairs and unexpected expenses are not your responsibility before closing. Some companies even waive inspections, making it a truly as-is transaction. On the other hand, when you work with a real estate agent, the buyer’s agent will usually request a property inspection. If any issues are discovered with the property’s structure, you may find yourself obligated to cover the repair costs out of pocket before the sale can proceed.
Saying Goodbye to Showings
Opting to work with a professional house buyer in Florida, FL frees you from the emotional roller coaster of showings. Gone are the days of receiving inconvenient phone calls during dinner, asking if your house is available for viewing. You no longer need to stress about keeping your home spotless every day before heading to work, just in case there’s a showing while you’re away. There’s no need to worry about encountering buyer’s agents or their clients or dealing with questions that you may not be comfortable answering. Additionally, you can bid farewell to disputes with buyers over furniture and what stays or goes.
Considering the Best Path for You
As you embark on the journey of selling your house, it’s crucial to evaluate the multitude of situations and factors at play. We understand that making the right decision can be challenging, which is why we’re here to help. Our expertise can guide you in choosing the avenue that best aligns with your goals and priorities.