Direct Sale a House vs. FSBO vs. An Agent – Present Day Properties

There is more than one way to sell your Raleigh house! So many people get wrapped up in the idea of listing, that they don’t explore all of the ways a home can be sold. Many people miss out on saving time and/or money by using the only solution they know how. There are many different ways to sell a house. 

In this article, we’ll break down the pros and cons of each so you can make a smart and well-informed decision about how you wish to sell your house!

DIRECT SALE

When selling your property directly to an individual buyer, it is called direct sale. This means that you will be selling your home yourself instead of through an agent or broker. There are several advantages to this method that should be considered before making such a decision.

Pros of a Direct Sale:

  • Many people who make direct offers are paying in cash, meaning there’s no waiting period on the bank or any other lender to secure the loan. This means you can sell your home in as little as a week! A quick sale will immediately end your financial obligations to the home such as insurance, utilities, and taxes.
  • You will not work with an agent therefore you will be able to save a ton of money on commissions, agent fees, and listing costs.
  • Direct offers often will not require any cleaning, repairs, or upgrades to be done to the home.
  • A direct sale allows you to get a great price for your home, without having to wait. You can start planning your future now because right away you will know how much you are getting for your home and when.

Cons of a Direct Sale:

  • The final sale price on a direct sale is often lower than retail.

SELLING YOUR HOUSE BY YOURSELF

Selling your property yourself can be a great way to avoid the stress of dealing with an agent and the associated fees, but it also comes with some drawbacks.

Pros of Selling Your House By Yourself:

  • You get to be in charge of everything. You will have all the power and be able to decide your best course of action. You don’t have to rely on someone else’s schedule or availability.
  • Less money upfront. If you use an agent, the sale will be represented by them. They will handle all of the details involved in selling such as preparing marketing materials and arranging showings. This means that you will have to pay them a commission on every sale. If you go it alone and sell your property, then you won’t have to deal with paying an agent’s high commission.

Cons of Selling Your House By Yourself:

  • You are in control of everything. You have to do all the work! You are in charge of advertising, dealing with potential buyers and their agents, reviewing contracts, handling negotiations, and dealing with title companies. It can be a huge headache if you aren’t familiar with the process.
  • It can take a long time to sell your house, especially if it’s an older or smaller house. You’ll need to consider how much time it will take and if this is something that is worth your while financially before committing yourself to sell your house yourself.
  • And because it is your house, you might not be all business, and will instead operate with emotion. You cannot become offended by low offers, or overprice the house when you know it isn’t worth what you are asking.

WORKING WITH AN AGENT

Selling your property with an agent can be a great way to get the best deal for your home, and make sure you’re getting the most money for it. However, there are also some cons that you need to be aware of before you decide whether or not selling your property through an agent is right for you.

Pros of Working With an Agent:

  • An agent will take care of the sale on your behalf and help you transition into a new home.
  • An agent has connections and is able to offer resources to get you settled.  They can also help you find a good mortgage broker and make sure everything is taken care of before closing. Take advantage of the services at their disposal such as photographers and professional stagers. This is why you are paying them such a high commission!

Cons of Working With An Agent:

  • If you sell with an agent, you will be responsible to pay 100% of the commission owed to them. This is typically about 6% of your final sale price and you will be paying about 2% of the final sale price, toward closing costs. In addition, an agent’s fee can sometimes amount to 15% of the sale price if they’re working with you on an in-person consultation and walk-through.
  • You will also have to pay upfront to get the house ready for listing. This includes professional cleaning, making repairs, and cleaning done on a constant basis, which fees will vary depending on the location and condition of your home. These costs can be expensive, so it’s important to discuss them with your broker at the beginning of your real estate transactions.
  • There are also no guarantees on when it will sell. You will not know how much you are getting or when you are closing until the very end!

There are many ways to sell your Raleigh house. Before you do anything else, make sure you fully research the options available to you. Don’t settle for one option until you learn what other selling methods will mean for you!

Are you thinking about selling your Raleigh house? We can help you make the best decision for your situation! Send us a message or give us a call today! 984-689-9785

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