Should I sell my house through a real estate agent (realtor)?

Many realtors are good people, and they serve a very valuable role in the world of real estate. However, for many people looking to sell a house, using a realtor would be a mistake. Consider the following questions:

  • Do you need to sell your house quickly?
  • Do you want your final transaction to result in no costs out of pocket for you?
  • Do you want to sell your house in a way that is simple – no constant stream of visitors showing up to look around, no lengthy book of paperwork to be signed, no headaches of dealing with banks, etc.?
  • Does your property have a lot of repair-work and/or cleaning that needs to be done on it for it to be livable or sellable?
  • Do you want to cut out commission fees and make sure you get 100% of your final sale price?

If you answered yes to any of those questions, you do not want to sell your house through a realtor. The reasons are simple. When you go through a realtor, they have to spend quite a bit of time gathering information on you and the property. If the property is in bad enough shape, they may not even be interested in listing it for you (it does cost them some money to list it; so you can understand why they might be picky). If they do decide to list it, they will expect you to get the home in good condition (both repaired and cleaned), and then they will put it up on the MLS home database where people will eventually start looking at it and contacting your agent to try to visit the property. Likely you will have numerous visitors and most of them will walk away from the house with a “problem” that was a deal-breaker for them. Eventually you may find a person who likes your house and wants to purchase it. But this person likely has to get financing from a bank, which means now the bank has to appraise your house and give approval to the buyer that they will finance it. This process can take weeks and frequently results in the buyer getting rejected for financing, at which point you would have to go through the process all over again. If you do finally endure the months (and sometimes years) of hassle and get to the closing table with a buyer, you will lose out on at least 6% of the final sale of the transaction (possibly more, depending on how much negotiation the buyer did with you on closing costs) – the 6% goes to your agent and to the buyer’s agent as compensation.

Compare that process to selling your house to an investor, such as Upstate House Buyers. If you sold your house to us, you would deal with one primary person (Stan McCune) and he would handle all of the ins and outs of the transaction, from making you an offer to providing you with the simple paperwork for the contract. When you close, you wouldn’t be dealing with banks, brokers, or realtors all getting their slice of the pie through commissions. What you agreed would be the selling price of the home is the amount of money you would get on your check when you walk out the door after selling the home, and you would not have to pay any closing costs. From start to finish, the entire process can take as little as one or two weeks.

Interested in learning more? Why don’t you fill out our online form to tell us more about your house and we will contact you to discuss your options.

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