You’ve decided to sell your house. You might think about using a real estate agent, but you would have to pay them a large commission fee for the privilege. Are you okay with that? If not, how long are you willing to wait for your house to receive an offer? How does the state of your home compare to others in Denver, Colorado right now?
Do you need or want to make repairs or go ahead selling it as-is? When showing houses available for sale, agents and prospective buyers will come during daytime hours typically — is that something that works best for you schedule-wise, or are your mornings booked by your job or other conflicts?
Commissions and Fees
Real estate agents typically charge a commission on the sale of your house, and if you don’t use an agent, you won’t have to pay this fee. That could amount to thousands of dollars in savings, especially since real estate agents tend to receive huge amounts from those percentages.
A typical real estate commission is 3% per side, so selling your house at $400,000 means you will pay the traditional seller’s closing fees along with $24,000 in commissions. In contrast, real estate investors typically won’t charge high commissions or transaction fees.
Waiting Time Frame
The MLS is a great tool for agents, as it allows properties to be found via searches based on specific features. However, this system isn’t perfect. For example, your property may not sell as quickly as you’d like or receive the ideal number of offers. Real estate investors and other direct house buyers often have networks of colleagues in the same field; if your property doesn’t fit their needs, it might fit one of their contacts’ portfolios instead.
Minimal waiting time for an offer is one perk of selling your house to cash buyers. Oftentimes, these private buyers will close on a deal faster than traditional house buyers do. Plus, you won’t have to go through the arduous process of qualifying for a bank loan and worrying about inspections or whether the buyer can actually follow through — cash buyers usually pay entirely upfront.
Inspections & Repairs
Professional home buyers in your area will generally purchase homes as-is. For sellers, this means you won’t have to pay for repairs or any other additional expenses prior to closing. Some companies skip inspections altogether, making it a true as-is transaction.
However, the buyer’s agent will almost always want an inspection of the property before it closes — especially if they want to check for faults with the structure of the house. If they find any faults, they may require that you fix it at your own expense.
If you sell your house to a professional home buyer, you won’t have to go through the emotional ups and downs that come with traditional selling. You won’t get calls in the middle of dinner from prospective buyers asking if they can see your house right then and there. You are free from the pressure of always being available for your potential buyers. And you won’t have to think about keeping your house immaculately clean at all times in case there’s a showing while you’re out of the house.
There are many perks that come with selling your home without an agent, one being that you don’t have to think of the likelihood of running into any buyers or their agents. Additionally, you won’t have to field questions from curious prospects who will want to know more about your house and why you’re selling — the fewer the interactions, the more straightforward the selling process. And if that wasn’t enough, no longer will potential buyers try to haggle with you over which furnishings they get to keep and which ones they think should stay with you.
Make the best decision for your Denver home
You might have many concerns when you want to sell your home. We can help guide you to the best decision for your individual situation.
If you’re looking to sell your house fast, we at Blue Halo Homes are here to help. We buy houses in Denver, Colorado and we can close on the sale in as little as 14 days. Contact us today to learn more about how we can help you profit off your Denver property.