When it comes to selling your home in St. Charles, St. Louis , St. Louis City, Jefferson County, you may automatically think of hiring a real estate agent. While working with a real estate agent can be beneficial, it is not always the best option for everyone. Selling your home directly can be a better option in many cases. In this blog, the differences between hiring a real estate agent and selling directly are highlighted, so you can make an informed decision about what is right for you. We will discuss five reasons below why selling directly can be a better option.
1. Save Money on Commission Fees
One of the most significant advantages of selling your home directly is that you can save money on commission fees. When you work with a real estate agent, you typically need to pay a commission fee of 5-8% of the sale price of your home. This can add up to thousands of dollars, depending on the price of your home. For instance, if you are selling your home for $250,000 and you agreed to 7% commission with a real estate agent, you would be paying $17,500 in commission. However, when you sell your home directly, there is no need to pay commission fees. This means that you can keep more of the money from the sale of your home!
2. Control Over the Sale
Another advantage of selling your home directly is that you have more control over the sale. When you work with a real estate agent, they provide recommendations and help direct decisions regarding the sale of your home. For example, they may recommend that you lower the price of your home or make certain repairs before listing it on the market. However, when you sell your home directly, you have complete control over the sale. With a direct buyer, you won’t have to do any repairs unless you specify that in the contract with the direct buyer. You can set your own price, choose your own closing date, and make all of the decisions about the sale of your home. You are in the driver’s seat!
3. Faster Sale
Selling your home directly can also lead to a faster sale. You pick your date of closing when it is convenient for you.When you work with a real estate agent, it can take several months to sell your home. This is because the agent needs to list your home on the market, market it to potential buyers, and negotiate offers. However, when you sell your home directly, you can typically sell it within a few weeks. This is because you are working directly with the buyer, and there is no need to wait for the agent to find potential buyers. This can cut weeks to months of time of the process, which leads to a quick sale.
4. No Need to Make Repairs
When you work with a real estate agent, they may recommend that you make certain repairs or upgrades to your home before listing it on the market. Sellers often don’t want to make repairs for a variety of reasons. Reasons may include financial burden, needing to sell quickly, and you may not have the contractors and resources to get the job done in a timely manner. This can be costly and time-consuming. However, when you sell your home directly, there is no need to make repairs or upgrades. Buyers who purchase homes directly typically understand that the home may need some work and are willing to take on the repairs themselves.
5. Avoid Showings and Open Houses
Finally, selling your home directly can help you avoid showings and open houses. When you work with a real estate agent, you need to host open houses and showings to attract potential buyers. This can be time-consuming and stressful, especially if you have a busy schedule or if you have pets or children. Let’s face it. It is stressful to keep the house clean for anyone! However, when you sell your home directly, there is no need to host showings or open houses. You can simply show your home to the buyer when they are ready to see it. This cuts down on the amount of people that are entering your home with less foot traffic and can help with safety.
While working with a real estate agent can be beneficial is many cases, selling your home directly can be a better option for many individuals. Education on the benefits of using a direct buyer is key. Selling your home directly can help you save money on commission fees, give you more control over the sale, lead to a faster sale, eliminate the need to make repairs, and help you avoid showings and open houses. If you are considering selling your home in St. Charles, St. Louis , St. Louis City, Jefferson County, it is important to carefully consider your options and choose the option that is best for you. Looking it sell your house? Want to learn more about the process of a direct buyer purchasing your home? Reach out to Einstein Real Estate Development today! 314-433-3014