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Wondering if you should sell a house by owner can be a frustrating decision.
You’re probably going over some questions in your head like: is it better to work with an agent or go it alone? Will it take a long time to sell? What choice is best for me?
No matter what choice you make, it’s important that you know what factors come into play so that you can make an informed decision.
Here we’ll go over some key factors to help you know if you should sell a house by owner.
Is It Better to Use Traditional Methods?
The traditional method of selling a home means hiring a real estate agent. However, you may find that it’s best to sell your home without one.
If you decide to hire an agent, you have to follow their timeline. You’ll need to consider their requests for any repairs or upgrades needed. You’ll have to spend time and money to stage your home as well as make it available for open houses. Plus, once your home sells, you’ll have to go through a waiting period until escrow closes before the sale is final.
It’s also possible that you’ll earn less money on the transaction. That’s especially true if you are required to spend money on upgrades or repairs. You’ll also need to pay your agent a commission fee. Most agents charge a 6% fee that comes out of the proceeds from the sale. If you were to sell your home without an agent, that fee goes straight into your pocket.
Sell Your Home Without Hiring an Agent
While there are many benefits if you sell a house by owner, that doesn’t mean the process will be simple.
If you sell your home yourself, you will have to:
- Price your home appropriately according to the market
- Dedicate money and effort to market your home to potential buyers
- Play the waiting game until an interested party makes an offer
- Spend time staging, offering open houses, and dealing with the entire selling process
The good news is you don’t have to go it alone if it seems overwhelming.
You could go through a real estate investor to sell your home, and you won’t need to get an agent involved. They will purchase your home in as-is condition, meaning you won’t have to be bothered with making repairs or upgrades.
Open houses and staging won’t be required either. And you won’t have to deal with an extensive waiting period to finalize the transaction. Most real estate investors can purchase your home within 7 – 10 days. You also shouldn’t have to pay them any closing costs or commission fees.
Your Best Option to Sell a House by Owner
If you want to sell a house by owner, and you want it to be an easy process, your best option is to choose a real estate investor to help you.
At EarlToms, we are dedicated to purchasing houses fast and in as-is condition. We never charge closing costs or commission fees, and you can sell your home as quickly as 7 days.
Do you want more information on how to sell a house by owner?
Tell us more about your situation by filling out the form below. Once we have your information, a member of our team will get in touch with you to schedule a free, no-obligation consultation.