There is more than one way to sell your Californian house! So many people get wrapped up in the idea of listing, that they don’t explore all of the ways a home can be sold. Many people miss out on saving time and/or money by using the only solution they know-how. There are many different ways to sell a house.
In this article, we will break down the pros and cons of each do you can make a smart and well-informed decision about how you wish to sell!
Pros of Direct Sale a House:
A direct sale offers many benefits people will often look over. It can save you a ton of time. Many people who make direct offers are paying in cash, so there is no waiting on the banks to secure the loan. This means you can sell your home in as little as a week! A quick sale will immediately end your financial obligations to the home such as insurance, utilities, and taxes. In addition, if you are not working with an agent, you will be able to save a ton of money on commissions, agent fees, and listing costs. Direct offers often will not require any cleaning, repairs or upgrades be done to the home. A direct sale will let you get a great price for your home, without having to wait. You can start planning your future now because right away you will know how much you are getting for your home and when.
Cons of Direct Sale a House:
The final sale price on a direct sale is often lower than retail.
Pros of Selling Yourself:
You are in control of everything. You will govern the sales process and be able to decide your best course of action. Once you sell, you won’t have to deal with paying a realtors high commission.
Drawbacks of Selling Your House By Yourself:
It’s your baby & your responsibility. You have to do all the work! You are in charge of advertising, dealing with potential buyers and their agents, reviewing contracts, handling haggling over the price, and dealing with closing companies. It can be a huge headache if you are new to the process. Because it is your house, you might not be all business, and will instead operate with emotion. Selling a house emotionally is the worst thing you can do! You cannot become offended by low offers or overprice the house when you know it isn’t worth what you are asking.
Benefits of Working With a Realtor:
A good realtor will take care of the entire process on your behalf. A GREAT realtor will go above and beyond your requirements. A realtor should have the connections and resources to get your house sold. Take advantage of the services at their disposals such as photographers and professional stagers. These services are why you are paying them such a high commission!
Drawbacks of Working With A Realtor:
If you sell with a realtor, you will be responsible to pay 100% of the commission owed to them. This is usually around 6% of your final sale price. In addition, you will be paying about 2% of the final sale price, toward closing costs. You will also have to pay upfront to get the house prepared for listing. This includes cleaning, making repairs, and preparing the house for open days. There are also no guarantees on when it will sell. You will not know how much you are getting or when you are closing until the very end!
There are many ways to sell your Los Angeles property. Your first step should be to make sure you fully research the options available to you. Don’t settle for one option until you have educated yourself on all the options available to you! Happy selling.