If you have a home that you need to sell quickly, the thought of having to interview real estate agents and put your home on the market might seem like a daunting task. Selling with a real estate agent isn’t the best choice for every property owner.
Here are 5 reasons you might want to just skip working with an agent altogether:
#1. Listing Contracts – Real estate agents often require a six-month listing contract giving them exclusive rights to the sale of your property with no guarantee it will even get an offer in that time frame. Getting out of these contracts can be a headache.
#2. Hefty Fees – If the home does sell, you can expect to pay up to 6% in real estate commission and another 2 to 3% in closing costs. You should also expect the buyer to negotiate for additional concessions during escrow which averages out to an additional 2% price reduction. If you’re already selling your home for a small profit margin these costs could leave you with very little money in your pocket after the sale.
#3. Spending Money To Make Money – When working with a real estate agent and listing your home on the open market, you will be expected to make updates to the home to make it more attractive to buyers. You could need to upgrade features of the home, buy new appliances, or invest in curb appeal. You will also be on the hook for inspections and repairs in order to sell the home. This could include multiple contractors and termite inspections as well. If the house doesn’t pass an inspection, the whole deal can fall through and you have to start all over again.
#4. The House Will Be Publicly Advertised– When your home is listed you open it up for real estate agents to bring other agents and potential buyers through as often as possible, and have open houses that your nosey neighbors can attend. Some people don’t want their property on public display in this way.
#5. Complicated Paperwork – In addition to the listing contract, the standard California Purchase and Sale Agreement is 10 full pages long before adding a bunch of addendums and mandatory disclosures. An abundance of legal paperwork can be stressful and overwhelming when you are not used to it.
If all of this simply sounds like too much time, effort, and money just to sell your property, you are in luck, because there is another option. You can skip steps 1-5 above by selling directly to a cash home buyer in CA like Tropical Homebuyers. When you sell directly to a professional home buyer like Tropical Homebuyers, you will not need to sign a listing agreement and your home will never be publicly advertised for sale or scheduled for public viewings. We strive to make the process as easy and stress free for the seller as possible, and without a mountain of paperwork. You’ll save money by not having to pay any real estate commissions, closing costs, or repairs on the home. We buy properties in Los Angeles in any condition and there are no closing costs to the seller. You can sell your home in as little as 14 days and walk away with the cash in your bank account.
Call Tropical Homebuyers today for more information at (323) 580-6881. We look forward to speaking with you and answering all your questions!