We buy houses in Stafford Texas. We live in a world where everyone does everything without expensive expert service providers.
Also, because technology has gotten so good you don’t want to wait to sell your house fast in Stafford. People trade stocks without a stockbroker. People create wills and trusts without attorneys.
Many homeowners remodel their homes by themselves without a contractor.
As independent as everyone is, why wouldn’t you want to look at the benefits of selling your house without an agent in TX? It only makes sense to explore the different options you have available to you.
Here are 3 reasons why you would want to sell your home directly to an investor.
Saving Money on Commissions
Agents cost money in the form of commissions. It’s that simple. In many cases, it’s a lot of money.
A real estate transaction can cost six percent of the final property sales cost. If a property sale price is $500,000, this can cost sellers $30,000.
This amount is split between both the buyer’s and seller’s agents. That’s a lot of money that could be going to you instead of an agent.
This is a considerable amount that is taken from the final sale price. If the seller still has a considerable balance on their loan to pay off, not having to spend the extra money will be an advantage.
Keep in mind though, just because you don’t have an agent as a seller doesn’t mean you can preclude the buyer from having an agent.
Most sellers end up paying between two to three percent to the buyer’s agent in self-represented sales.
However, if you are new to real estate sales, the buyer’s agent might try to negotiate a bigger commission because he will most likely be doing work on both ends of the transaction to make up for your lack of experience and understanding.
If you need additional information on how to pay off your mortgage early read this related article on How to pay off your mortgage early: 4 methods that work
Even though you can’t force the buyer to not have an agent, it doesn’t become negotiating power to say you are more flexible in the price if there is no outside representation.
Buyers might feel they are able to negotiate a better price without an agent because they know the amount of savings in the transaction.
Beyond negotiating the sale price, sellers might feel they are more qualified to sell and negotiate the transaction than an agent.
Sellers well versed in real estate transactions might be comfortable walking through the process and negotiating items at different points in the escrow process.
Note: If you are looking to brush up on your negotiation skills read this article.
When a seller is comfortable dealing with a buyer or buyer’s agent, he can save at least three percent of the commissions by representing himself.
It is also possible that the transaction is very straightforward. Perhaps it is new construction or being sold as-is and the seller isn’t willing to negotiate on anything.
Buyers can come in and make an offer without expectation for repairs or credits. Sellers set with their prices and able to provide all disclosures and documents properly might not see a need for agent representation.
Keeping it Personal
There are times when a transaction is among well-known parties. Well-known could be family members, close friends or even business partners.
In cases like this where everyone is clear who the parties are and what to expect in the sale, there may not be a need to bring on an agent.
With that being said there needs to be a lot of trust among the parties involved. Everyone needs to understand their roles and execute those accordingly.
Even when parties to a sale know each other, legal sale requirements must be followed. Adhere to all Stafford codes for disclosures and timelines. If you need related real estate contracts and laws you can get them from Trec.
The last thing you want as a seller representing himself is to find yourself in a legal battle down the road for a property you thought you no longer had any ties to.
Follow the rules to avoid legal ramifications and penalties. If needs be you should seek legal counsel.
Sell Your House Fast In Stafford, Texas
Need to sell your house fast? You are in the right place. We buy houses in Stafford and surrounding areas. We are not a big company but we have the ability and drive to focus on each and every homeowner we help. We are local Houstonians who are real estate investors. We have created the most effective way to help homeowners sell their houses quickly, at a fair cash price.