Listing a house is the most common way of home selling. Still, for many reasons, some people would prefer to sell a house without realtor. Is this even possible?
Not everyone wants to sell their house the traditional way. Selling with a real estate agent, or a realtor, isn’t for everyone. Besides, selling your Milwaukee property the traditional way has some downsides that could be avoided if you choose to sell a house without realtor. Today, there are many alternative methods that can help you get rid of your unwanted property without these downsides. These include FSBO, but also selling to a direct buyer, such as Sparks Property Investors LLC.
Why Sell a House without Realtor?
There are a few reasons why one might want to sell a house without realtor. We’ll list two most important ones.
You Could Save Money
If you want to save money when selling your house, then working with a realtor isn’t an option for you. There are several expenses that are standard when selling with an agent. First off, there are agent commissions that are typically around 6% of the total sales price. This includes the 3% commission for your agent, as well as 3% for buyer’s agent. Yes, you got that right – you’ll pay commissions for everyone! And while 6% doesn’t seem like a lot, this will result in tens of thousands of dollars once the house is sold. Yes, you’ve read that right.
Not just that, but most realtors just won’t do some services that you need. This includes staging and photographing the house, but also, realtors aren’t responsible for advertisement fees. If you want your agent to go that extra mile and share your house online or anywhere outside of MLS, you’ll have to pay additionally. Not to mention that only picture perfect houses get sold after they are listed, so you’ll have to count in cleaning, repairing and upgrading some parts of your property. Not to mention holding costs! All of these can result in several thousands more. This already means that if you decide to sell a house without realtor, you’ll save quite a lot. Not to mention that, after all these costs, no one is guaranteeing you’ll sell your house, at least not any time soon.
You Don’t Have to Deal with Agents
Most real estate agents are really professional and well-mannered. Some, however, are anything but that. Just like in any other service or profession, some people working as realtors can be very bossy. Others might not be willing to give any effort into your case. While their intentions are good, you have to understand that realtors rarely care about individuals they’re working with. They have so many houses listed that they don’t have the time to deal with every customer they have.
Maybe individual realtors aren’t an issue. Maybe you simply dislike working with people and dealing with them more than you have to. This is also a perfectly valid reason why you might want to try to sell a house without realtor. All other options typically include not having someone who’ll stand over your head and tell you what to do.
What Are Your Options if You Want to Sell a House without Realtor?
Selling a house without realtor can be tricky. You’ll need to be willing to do some research, and even to put some extra work to ensure everything goes well. But, it’s very doable.
Before you decide on an option, there are two questions you need to answer yourself:
- Do you want to get rid of a house, or to profit as much as possible?
- Are you prepared to spend a lot of money on repairs and updates?
When you know the answers, you can decide on the exact method. Here are two best options:
Sell a House on Your Own
Selling a house on your own – also known as FSBO – is a good option if you want to avoid dealing with agents and investors, and are prepared to invest some cash on repairs and updates. Truth is, you can list your house on MLS without a realtor, but this doesn’t mean you’ll end without expenses. In fact, you might even end up spending more.
When you list your house as FSBO, you’ll have to pay listing fees. Also, you’ll be the one responsible for every step of a home selling process. You’ll have to not only handle cleaning and repair fees, but also legal fees, photographing, staging, writing the listing, valuing the property, finding places to advertise your house on, etc. Not to mention that you’ll still have to work together with your attorney, so you won’t be entirely on your own. And there is no guarantee you’ll do everything according to the book. One wrong step can mean you’ll end up with thousands in expenses – and you might even end up in some legal troubles.
Sell to a Direct Buyer
Another great option for people looking to sell a house without realtor is to sell to a direct buyer in Milwaukee, such as Sparks Property Investors LLC. How does this work?
Direct buyers, also known as real estate investors, will buy a house so they can flip or rent it later on. The main reason why many people overlook this option is because direct buyers will pay you less than a market price. While this sounds like a bad deal, there’s more to it if you scratch beneath the surface.
When you sell to a direct buyer, there will be no additional expenses. In other words, what you’re offered is what you’ll get in the end. As direct buyers buy houses as-is, you don’t have to worry about making repairs or updates on your house. Also, they’ll take care of any homeselling fees, such as closing costs. Not to mention that with direct buyers, there are no commissions. You won’t pay them a dime. Also, they’ll buy your house much faster than traditional buyers, so there won’t be any holding costs. The best part of it all is that direct buyers will pay you in cash. You don’t have to deal with banks and wait to get your money – and there are no chances of the sale falling through due to buyer not applying for a loan.
So, yes. Direct buyers will offer you less than traditional buyers. However, as there won’t be any of usual expenses, you might even end profiting more in the end! If you have a house that needs a lot of repairs, a property that you have to get rid of fast, or you just don’t want to deal with people for whom you’re just a number – contact Sparks Property Investors LLC. You can sell a house without a realtor – in fact, it’s probably much more straightforward to do it this way.