Do you need to sell your house? In our latest post, we offer 5 things homeowners should know about working with a real estate agent in Milwaukee to help sell your house.
When it’s time to sell your house in Milwaukee, your first instinct may be to call up a local real estate agent to quickly get your house up on the MLS. While this works for some homeowners, there are a few things you should know before hiring a Milwaukee real estate agent to help you.
The Costs Can Be High
When you make the decision to sell your house with a real estate agent in Milwaukee, you should know that a successful listing can cost a pretty penny. Not only that the commissions can end up costing you thousands after the house sells, you will have to deal with various other expenses before your house is even on the market. First of, you will have to do a lot of repairs, and the house will have to be cleaned by a professional. Also, count in the possible unexpected expenses such as staging or photography costs that usually aren’t covered in a listing agreement. A lot of homeowners will agree to an inspection on their own, just to know what the inspection conducted by their buyers can find out. Add all these costs, and you’ll notice how listing can end up costing thousands upon thousands. For a lot of people, this simply doesn’t pay out.
It May Take Awhile
While this varies from neighborhood to neighborhood and city to city, it will typically take much longer for a traditional sale to be completed as opposed to a direct sale. In fact, when looking at nationwide statistics, houses will take over two months to get an offer on average. While your house is listed, you will still have to pay taxes, maintenance, your mortgage, utilities, and insurance. Not to mention, you will have no idea how long the sale can take, giving you zero ability to plan ahead. Don’t miss out on your dream property because your house is caught up in a listing agreement that doesn’t make sense.
Not All Agents Are The Same
While some agents are there to help and provide genuine service to their clients, there are others who are simply after that commission check. They will encourage you to make expensive upgrades to sell the house faster, they will encourage you to take less then it’s worth just so they are able to cash in before your agreement expires. If you decide to list your house with a real estate agent in Milwaukee make sure it is someone who comes highly referred and that you are certain you can trust.
Your House May Not Sell
Just because you list your house and ask for a certain amount, does not mean that you will get it. Many sellers get frustrated when they find themselves spending money t list their homes for sale, only to hear crickets. Just because you fix things up and spend money making the house look as good as possible, does not ensure you will get an offer. If you decide to list and spend money getting your house ready for the MLS, make sure that you won’t be devastated if you do not see the returns you are after. When working with a real estate agent in Milwaukee, there is no guarantee if or when you will receive an offer. And if you do get an offer, they may try to negotiate for a lower price.
You Have Other Options
The good news is that hiring a real estate agent in Milwaukee is not the only way to sell your house. For certain houses and situations, investing money into the property before selling it can be a huge waste. Factor in the commissions, holding costs, and closing expenses, and you could be looking at thousands of dollars down the drain. Another approach is to sell your house to a direct buyer such as Sparks Property Investors LLC. Working with a direct buyer will allow you to sell your house in just a few short days without any fees deducted from the offer or money spent out of pocket. You’ll know exactly what to expect and when the closing will take place.
If you need to sell your house in Milwaukee, be sure that you are aware of all of your available options and how they will affect you. People aren’t always aware of the costs, time, and frustrations a listing can entail. Homeowners have been known to brush off the idea of a direct sale because of the lower prices associated with them. However, once you factor in the time, money, and energy that goes into listing your Milwaukee house, you will see that the selling methods will produce similar results. We encourage you to run the numbers for your property so you can choose the option that makes the most sense. Please reach out to us if you have any questions about what we do and how we can help you sell your house fast in Milwaukee!