There Are Pros And Cons Of Selling To The “We Buy Houses Springfield” People, Here’s The Bottom Line
Conditions often arise where you feel like you would be better off selling your home, taking the money, and then living in an apartment for the rest of your life.
Sometimes you’re unhappy with the surroundings, the upkeep, the taxes, or maybe you’re behind on the payments.
But, do you want to list your home and wait or does selling to the “we buy houses Springfield” sign on the corner sound like a quick way out?
What You Should Know About Using A Realtor
If you plan on selling your home through a realtor then you’ll want to have several of them come by and give you their estimate of what your home is worth. You’ll be surprised at the differences in assessments that you get, and here’s why.
Some of the agents will give you a low ball price estimate hoping that you won’t be having any other agents come by.This is so they could list the house and possibly sell it quickly to an investor, they may have several waiting for good deals.
This is a good, quick commission for the agent as they are making both the listing and selling commission on your property, and they may be able to accomplish both in a day.
Other agents will give you a high ball price, thinking that you’ve had several other agents come by with lower estimates and you’ll take the higher one, even if it’s fake.
Then, they’ll entertain offers from all kinds of buyers and bring lower ones to you and try to talk you in to them anyway. But at least they got the listing.
When you go with the “we buy houses Springfield” people they’ll have a very low ball price, but you won’t be paying any real estate commission either.
Plus, you won’t have to wait for it to sell, go through a long closing, or wait a long time for the money. If you do decide to go this way, use a calculator to figure the pluses and minuses, this can be a better way to go for many sellers.
As Soon As You List Your Property, You Have Responsibilities
When you do decide to list your home with a realtor, you’re going to have visitors coming through on a regular basis to look at it.
Sometimes other realtors will stop by just to look in order to suggest it to a client, but either way, clean house and keep it that way until it’s sold.
There will also be pressure to fix your leaky roof, plumbing, trim the yard, paint it inside and out, and various other projects. People that buy houses use imperfections to negotiate a lower price, it’s only natural.
But the real estate agents will be bringing you proposals where they subtract $10,000 off of your price so the new buyer can paint it. Even though the paint might only cost $100 and take a long weekend to do.
When you sell to the “we buy houses Springfield” people from the sign, they’ll take a look at your home and offer you a price that is considered “as is.”
This means they have a crew of workers that they’re going to pay to come in and fix everything from plumbing to roofing. They aren’t going to mess around paying high priced contractors either.
The bottom line is that selling through a real estate agent can be the way to go to maximize your profits from the sale of your home. However, there are certain problems with listing, and responsibilities as well.
But with the quick home buyers, you can usually sell your home fast, defects and all, but the price will be lower than if you wait for the long-term sale through a realtor.