You are looking to sell your house and you’re not sure if you should hire an agent or work with an investor in Houston, TX.
Here is a question for you, do you like paying commissions? How long will you be willing to wait until you receive an offer? Are you willing to wait a long time for the transaction to close?
Do you have the extra money to make the repairs needed to appeal to a buyer? Are you in a situation where you will be ready to show your home within a 24-hour notice, or less?
No Property Showings
If you decide to sell your house directly to a professional house buyer in Houston, TX, you will not have to worry about the ups and downs of selling your home the traditional way.
There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house.
When selling directly to an investor, you don’t have to worry about strangers tracking through your house and asking you questions that you are not prepared to answer.
No Commissions or Fees
Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That essentially means you have the chance of saving thousands of dollars.
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.
Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.
Waiting Time Frame
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property.
This may sound great, but how long will it sit on the market? How fast will you receive offers?
Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios.
Either way, this means very limited waiting time for an offer. Also, when you sell your house in Houston, TX directly to house buyers, they will typically close faster than traditional buyers, and usually pay in cash.
Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end. Costing you time and money.
Inspections & Repairs
Investors in TX will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on.
There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property.
If they find anything wrong, typically the buyer will ask the seller to repair it or reduce the price of the home.
You Have Time
When you work with an investor instead of an agent to sell your Houston house, you will likely have time after the closing to move your belongings.
When you work with an agent in Houston, you are normally expected to vacate the house on or before the day of closing.
When you sell to us, you don’t have to worry about cleaning up after you move out or make any repairs. We will buy your property as-is and will give you time to find your new house!
Conclusion
Selling your home to an investor isn’t for everyone. However, if you have a home that you are having trouble selling it through an agent, you should consider selling it directly to an investor.
Not only will you save time and the headache of having your home sit on the market unsold, you also won’t have to pay any commissions.
DO YOU LIKE PAYING COMMISSIONS?