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Why sell to a home buyer and not with a realtor?
Selling a house for the first time can be challenging. Right from the start, you likely have questions. One of the most common is whether you should sell your house directly to a home buyer or with a realtor. While most people prefer to hire a real estate agent, some sell their houses without the help of realtors. Below, we help you choose by highlighting some of why you should sell your house to a home buyer.
Avoid getting into contracts with realtors
When you enter into a contract with a real estate agent or realtor and you decide to let them help you sell your house, there are some expectations you have as the homeowner. However, some agents may not perform as well and may not meet the homeownerâs expectations. You may disagree with the listing price, you may be unsatisfied with the pictures taken or their maybe their marketing strategies are not what you expected. If this is you, your house may be on the market for more days than it should be and that does not look good to a potential buyer. Additionally, you may end up stuck with a non-performing real estate agent and a contract binds you to them until it expires.
Zero commissions paid to realtors
One of the main reasons people sell their houses without realtors is to save on commissions. Normally, commissions are between 5 to 6% of the sale price on a home. While this might look like only a few percent, 6% commission on a $300,000 home equals $18,000, a significant amount. Taking up the role of the realtor yourself could save you that money.
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Selling with a Realtor vs. Selling to Community Home Buyers
Selling w/ an Agent | Selling to Community Home Buyers | |
|---|---|---|
Commissions / Fees: | 6% on average is paid by you, the seller | NONE |
Closing Costs: | 2% on average is paid by you, the seller | NONE â We pay all closing costs |
Financing & Closing Contingencies: | Yes, sales can fall through | NONE â No contingencies, no headache! |
Appraisal Needed: | Yes, the sale is often subject to appraisal | NONE â No appraisal needed |
Average Days Until Sold: | +/- 45 Days | ZERO â Immediate cash offer |
Number of Showings: | It varies
| ONE â just Us!
|
Closing Date: | +/- 30-60 days after accepting buyers offer | Date of your choosing |
Who Pays For Repairs?: | Negotiated during inspection period | US â We buy AS IS no matter the condition |
Hire When You Need an Expert
By foregoing a real estate agent to take you through the selling process, you can hire various services on a need-to basis. For example, you can hire a professional photographer if you would like great pictures or maybe a friend that is great with a camera. You can hire a title company or attorney when you need help with the transaction to finally sell your house. Anyone you need, you can hire and can negotiate the cost to stay within a price range that suits your needs. You still have to do your due diligence and hire the right person for the job, but that work can save you thousands.
There are many factors that go into what we can pay for your home. Just a few to mention include:
- location of your home and sale prices of homes near you
- condition of the property and renovation costs
- costs associated with liens, back taxes, or other financial complications
- and more
We will take all of these into account when we give you a competitive market analysis of your property which will determine our final offer.
When we make an offer on your property and you accept, we will put down an earnest money deposit showing we are serious about buying your home. When we officially close and the title is transferred to us, our escrow company will write you a check and you will get paid. This is very similar to a traditional transaction which the escrow company (neutral 3rd-party) ensures both parties are protected.
Thatâs fine! We work on your timeline and can close at anytime. We can close in as little as 7 days or any time after. If you wait too long, we may have to re-evaluate our offer considering changes in the market.
Just once! During our visit, weâll take pictures and evaluate the property conditions, taking into account any repairs we may need to make. If for some reason we do need to come back, weâll ensure we work with you on a time that is most convenient.
The short answer is it depends. If the location is right, then yes we will buy vacant land.
Need help selling your home?
Give our team a call anytime, one of our co-founders is happy to discuss options for your home.
Explore New Homes Sales Channels
While the traditional way of selling your home is through a real estate agent, there are other means through which you can put your house into the market and sell it. With technology advancing and real estate websites like Zillow, FSBO.com, and other online platforms, you may be able to sell your home by yourself by listing on these websites instead. You will still be responsible for all of the paperwork but listing here avoids selling with an agent.
Sell Your Home Fast On Your Terms
In some cases, you may need to sell your home because of an emergency or there may be other situations where itâs difficult to have dozens of people coming into your home.
- Maybe you need to move out of state
- Maybe there is a financial situation all of a sudden.
- Maybe you have animals that make it difficult to have showings while you are away.
- Maybe you need time so you can buy a home elsewhere before moving out but you canât afford and arenât approved to have two mortgages.
Whatever the case is, selling your home to a home buying company like Community Home Buyers give you flexibility. We work with you, we cover all closing costs, there are no bank approvals needed so we wonât fall out of contract due to financing, you donât need to make any updates to be âmarket readyâ, and we can buy your house within just a few days. You can sell your house fast without all the hassle, without all the stress, and start fresh moving on to the next phase of your life.
Give us a call and we can give you a free competitive market analysis. Weâll discuss all of your options and give you a simple, home selling experience.