List Your House or Call an Investor, Which?
List your house or call an investor, which? So, you are thinking of selling your house? Here is the real question, should you list it with an agent, or should you sell it directly to a real estate investor? Probably the best answer is…it depends. All home owners situation’s are different, or unique, and that is what determines your best option when trying to sell your house fast.
So, let’s look at some of the pro’s and cons of listing your house vs. a direct sale to a real estate investor in the Dallas/Fort Worth area.
Listing vs a Direct Sale to a Real Estate Investor in Dallas/Fort Worth
Here goes…listing with an agent, which is the most popular way to sell a house through the traditional route that involves working with a real state agent. Agents are educated in the process, they know the different markets, and have access to the MLS. Agents can target a huge market of potential buyers, will handle the marketing and can help you get the best price, not always the highest price.
The primary cons of selling your house with an agent are, that you will lose money in paying the agent’s commission and that the process can take a long time. Though most agents confine their marketing efforts to traditional marketing, selling your house could tale anywhere from six months to a year. You will also have to endure multiple showings and there is always the chance that a sale will fall through, because a buyer can’t get financing.
In addition to having to pay an agent’s commission out of the sale price, sellers often wind up having to pay part or all of the closing cost to close a deal. These are details you cannot afford to miss when selling your house through an agent. The upshot is that the sale price is not really the amount of money you will ultimately receive. List your house, or call an investor, which?
Now a direct Sale to a Real Estate Investor can, for many people considering listing vs direct sale to a real estate investor in Dallas/Fort Worth, the latter is often the better option. The chief benefits of selling directly to a real estate investor are the usual cash payment and quick closing, often in as little as just one week. Also, most investors will pay 100 percent of the closing cost, and you do not have to pay any commissions to agents.
You do the comparison:
Listing with an realtor:
- Sale Price Unknown
- Days until Sold 90+/- While you pay Mortgage, Insurance, Taxes and Maintenance
- Commissions / Fees 6%
- Buyer Contingencies
- Buyers Financing Subject to Approvals (30+ days of wasted time)
- Risk of Low Appraisal
- # of Showings – Unlimited
- Repairs Required for Inspection’s
- Legal Counsel $$$$
Sell to cashforhousesrh.com
- We Pay More
- Sold – Close in (3) days if needed
- You Pay NO Realtor commissions, no Fees
- We Pay ALL Closing Cost
- No Buyer Contingencies
- No Inspections
- No Financing
- No Repairs
- Sold in it’s As-Is-Condition
- Free Legal Counsel
Call a Real Estate Investor
That sounds great, now in deciding between listing vs direct sale to a real estate investor in Dallas, keep in mind that investors are buying houses in order to make a profit, either by flipping the property after renovation and/or renting the house to tenants. And this means that their goal is to buy discounted houses in order to realize an return on investment (ROI). So your sale price when selling directly to an investor is likely to be lower than what you would get when listing with an agent.
There is one thing to keep in mind about listing vs direct sale to a real estate investor in Fort Worth, is the carrying costs when listing with an agent. Those the cost associated with owning and maintaining a house while you are trying sell the house. For example, HOA fees, mortgage payments, property taxes, utilities, insurance, closing cost ect… Ad up all of your carrying cost to see how much your cost come to. List your house or call an investor, which?
Now, let’s take that amount and subtract that from sale price amount, the agent told you that you could sell your house for. Then expect to have special conditions from a qualified buyer who wants you to pay closing cost, or fix or update the bathroom(s) or kitchen. The agents suggested sale price suddenly got hit with a huge loss.
The whole process above can take up to one year to complete and close, and there goes your profit. So, talking to an experienced investor who can and will explain the whole process to you, he or she will also explain the numbers to you, which at some point you had better understand. You may even walk away with more money than you thought. List your house, or call an investor, which?
There are many pros and cons when selling your house in Dallas/Fort Worth, and the best option depends on your unique situation and your needs or goals. If you are new real estate, it will be a difficult task when making this decision.
You can ask the real estate investor to explain all the differences to your understanding. If that individual cannot perform that simple task, call another investor who can.
Article Topic: List Your House or Call an Investor, Which?