Considering selling your house? You may be wondering which is the better option: direct sale or hire an agent? The time required until closing with each option is just as much of a consideration as the effect each has on your finances. Please read the below to help determine which is the better option for you.
Are you willing to make yourself and anyone else in your household invisible, while keeping your home spotless at all times? Despite how much you may wish to sell your house in Louisville, nobody enjoys the hassle of jumping into action and preparing for a showing after a long day at work. Along with the agent selling your house, you will also need to deal with the buyer’s agents who will be the ones showing your home. Having a house ready to show is a stressful and time consuming process – especially because you are not in control!
If you want more control over the house showing process, you might be happier with a direct sale. You can decided when and how you want to show your home. You also won’t have to worry about storing anything you don’t want a buyer to catch sight of and decide they’d like “tossed into the deal.” If you decide to sell your home to a professional home buyer like FairSquare House buyers, you will not have to show your home AT ALL. We will discuss your property with you over the phone and give you a fair, all cash offer within 24 hours.
Investing More Before Selling
Updates to make your home more attractive on the outside and inside add to the expenses of selling your house in Louisville with a real estate agent. You will need to be on top of any necessary repairs. If your house does not pass the inspection, you could be required to spend even more on repairs in order for the property to qualify for the mortgage loan. Don’t forget, you need to concern yourself with exterior curb appeal and may be advised to cover the additional expenses of staging your interior. You may even be required to cover the costs for professional photography and advertising the property.
When working with a professional buyer like FairSquare House Buyers, none of the concerns or costs associated with curb appeal or updates will be an issue. At FairSquare House Buyers, we will buy your house “as-is”! NO MAJOR OR MINOR REPAIRS ARE NEEDED. You can receive a cash offer without having to any updates or improvements when you sell your house in Louisville through a direct sale.
Real estate agents always charge commissions. Agents are paid based on a percentage of the sale price in addition to other possible fees they or their broker may also charge. The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Oftentimes you are also paying for staging and professional photographs/videos. Buyer’s agents typically always order inspections and the inspection fees are usually your responsibility as the seller.
Making a direct sale means that there are:
- No commissions
- No inspections
- No repairs
- No updates or renovations
Due to the nature of traditional listings, there is no set timeline on the closing date when selling your house in Louisville through a real estate agent. Additionally, depending on the buyer’s circumstances, there may be delays in the actual closing date.
An upside of selecting a direct sale for your property is that you will sell your house in Louisville within a short timeframe and there won’t be any delays in closing due to failed inspections or financing issues. At FairSquare House Buyers we can often close in as little as 7 days!
We are here to assist you with any questions or concerns you may have about the choice of how to sell your house. Call FairSquare House Buyers today 502-417-7467 or send us a message to learn more about a direct sale vs. hiring an agent when selling your house in Louisville.