Ready to sell your house? Before you hire an agent and commit to a listing agreement, learn about these 6 things they don’t tell you when listing your house in Milwaukee!
Listing your house in Milwaukee is usually time-consuming process that can end up being rather expensive. There are all those preparations, holding costs, closing expenses and commissions. Once you calculate everything, you might find out that listing your house in Milwaukee isn’t such a good choice! Sure, this process is great for some, but others find that they can get a better profit if they sell their house to a direct buyer. Before you make a choice to list your house on MLS, be sure you have done your homework!
Your Marketing May Not Be Included
If you decide to list with a real estate agent in Milwaukee, you have to know what is and what isn’t included in the price and in the agreement. A few agents are full-service, but most of them won’t do much to help you with the advertising. If you want a lot of people to see your property, you should prepare yourself for purchasing premium listings, professional photography, and virtual tours that includes purchasing the right software. Today, not many people are attending open houses, so make sure your property has a strong presence online if you truly want to make it stand out.
Your Costs Can Add Up Fast
Listing your house in Milwaukee comes with a great number of expenses that sellers aren’t counting on. Not only will you be required to pay for advertisement fees, but you may also face additional expenses for repairs, cleaning, staging and closing. Not to mention commission that’ll come after the house sells! Also, there are holding costs that include taxes, utility bills, insurance, mortgage and maintenance. Listing with an agent sounds appealing at a first glance, but you should be aware of the money that you might have to spend just to get your house sold. After you calculate everything, you will probably find out that working with an agent isn’t exactly worth it.
Property Showings Can Be Cumbersome
Imagine you get a call from your agent that a motivated buyer wants to see your house as soon as possible. If you truly want to sell, this means you will need to quickly get the house in its best condition, hide away any personal items, and vacate the premises as fast as possible. This isn’t a fun part of the process for home sellers, especially if they have a large family or several people living in the home. Trying to coordinate property showings with everyone’s else’s schedule, can prove to be challenging. To make things easier, the house should be kept clean at all times, putting even more pressure on homeowners who simply want to sell their house.
Buyers Will Often Negotiate After Inspections
Once you receive an offer for your house in Milwaukee, the buyer will order an inspection to be done. Depending on the property and its condition, the potential buyer may request that you make the needed repairs before the sale is finalized. An appraisal can also require the seller to sink money into the house before the bank will approve the buyer’s loan. A low appraisal is one of the most common reasons for a sale to fall through. Home sellers should be prepared for this and either have a rebuttal or a repair plan they can quickly execute without breaking the bank.
The Sale May Fall Through
When you list your house in Milwaukee, there are a number of factors that can cause the sale to fall through. There may be a contingency in the offer stating their house needs to sell before they are able to buy yours. This means that if their sale falls through, yours will too. The sale can also fall through if the property doesn’t appraise high enough or if there are repairs required that you were unaware of. Imagine having your house listed on the MLS for several months, finally getting an offer, only to have everything fall through, putting you right back at square one. The uncertainty of listing can be almost unbearable for people who need to sell a house fast in Milwaukee.
Your House May Not Sell
We work with many home sellers out there who have listed their Milwaukee house in the past but have found themselves right back where they were once the listing agreement has expired. When you put your property on the MLS, there is no guarantee it will sell. The process may take you months!
When listing your house in Milwaukee, there are a number of things that you should be aware of. Between the costs and uncertainty, there are a number of things that can become a problem for home sellers in Milwaukee. For many properties and situations, a direct sale can ultimately be the best way to sell a house in Milwaukee.