Are you thinking about selling your house? Here’s how to know if you should work with an investor or hire a real estate agent to sell your house in St Franklin!
Real estate market is constantly changing a bit and that can really bring a lot of benefits to home sellers. Today, when you want to sell your house in St Franklin, you can choose to work not only with a real estate agent, but also with a real investors who will buy your property directly, usually for cash. Of course, both have their good and their bad sides. By providing the seller with number of options, the team at Sparks Property Investors LLC will help property owners in St Franklin to effectively sell, no matter the house’s condition, situation or location.
Why Work With A St Franklin Real Estate Agent
When you work with a real estate agent in St Franklin you can be sure to get the highest sale price for the house you are selling. However, you must keep in mind that this comes with certain expenses, as selling your house this way takes some time, which means you have to calculate in the holding costs and other expenses, including the commission fee, which will significantly lower down your profit. If you are okay with all these additional expenses, then listing your house might be a great option for you!
Who It’s For: People who want to get the highest sale price possible. They shouldn’t mind making repairs to the house, staging, showing, or waiting for an unknown period of time. In exchange for the higher sale price, people selling with a St Franklin real estate agent should be prepared to pay about 6% in agent commissions and another 2% in closing costs.
Why Work With A Local Property Buyer?
When you want or need to sell your property fast, or to sell it before a certain date, the best way to do so is to sell your house directly. When you list your house in St Franklin you are left with no guarantees and even if you do make a sale of your house and find good buyers quickly, you will still have to wait for the sale to close, but when you make a sale of your house to a direct buyer such as Sparks Property Investors LLC, you can get rid of the unwanted property quickly and without any unexpected expenses. There are no holding costs, commission prices, listing fees, or repair and cleaning expenses. The downside to all of this is that real estate investors don’t pay full retail, but when you count in all the money, time and stress you are saving, it all ends up being almost completely the same from the financial standpoint.
Who It’s For: This option is great for sellers who need to sell their house quickly, whose houses aren’t in best condition or have code violations, or for those facing foreclosure on their property. It’s also good when you want to sell your house but don’t have any money saved for additional expenses. These are the occasions when working with direct buyers such as Sparks Property Investors LLC is the best choice you can make.
What The Numbers Say
When it comes down to it, listing your house will likely bring in more cash. However, there are many costs upfront home sellers will face and that they should be made aware of. Often when listing your house with a St Franklin real estate agent, you will have to:
- Spend time and money on repairs to get the house ready for the MLS
- Possibly make upgrades so that the house is competitive with others on the market
- Pay the continued holding costs for things such as taxes, HOA fees, homeowners insurance, utility bills, and routine maintenance
- When the house sells, you will be on the hook for about a 6% commission
Selling your house directly in St Franklin won’t cost you anything either upfront or after the sale. This can mean the difference between spending thousands of dollars or keeping that cash in your pocket.
Your Time Commitment
In addition to cash upfront, listing with a St Franklin real estate agent will also cost you your time. You will be required to keep the house clean for property showings which will occasionally happen last minute. If you are using an FSBO listing, you will need to be prepared to screen calls, answer questions, and make yourself available to show the property. You will also have to spend a good amount of time marketing the property, ensuring it is seen by your potential buyers.
With a direct sale to Sparks Property Investors LLC, you won’t have to spend any time on the sale of your house. We will make an offer and leave the rest up to you. If you decide to sell, we can close in only a few short days. Take what you want and leave the rest behind. We’ll handle the paperwork, your unwanted items, and any repairs that are needed for the home.
When it comes down to it, both selling methods have their pros and cons. As a home seller in St Franklin, it is important that you run the numbers for your specific property and situation before committing to a selling method. If you have questions about how to sell your house in St Franklin, our team please feel free to contact our office at any time!