Are you thinking about selling your house? If you are, you may be wondering which option is better: a direct sale to a reputable professional cash home buyer in New Hope MN such as FastPath Home Buyers vs. Hiring a local real estate agent for a traditional style sale on the open market. Well, the truth is that this question does not have a simple yes or no answer. As such, the option that would be best will likely differ from person to person, and will largely be dependant on your present situation.
Real estate agents are the most common option that people turn to when selling their houses in New Hope MN. As such, before even considering the pros and cons of working with them vs opting to sell directly to a cash buyer, you may already be slanted in their favour. However, you shouldn’t rush into hiring an agent. While there are benefits to hiring real estate agents, cash buyers do offer quite a lot of advantages that make them an attractive option.
These advantages to selling your house to cash buyers include the fact that they allow you to sell fast (in as little as 7 days), offer great prices and can also allow you to sell your house in “as-is” condition (no repairs, upgrades or cleaning required). So why not give them a fair shot when you make your decision.
Below, we have put together some of the basic points you must consider when comparing a direct sale to the conventional method of hiring a real estate agent and selling your house on the open market. So if you’re currently struggling with this decision and need help, read on for more information.
Comparing Real Estate Agents Vs Cash Home Buyers in New Hope MN
Discover some of the pros and cons associated with real estate agents vs cash buyers in New Hope MN.
1. Showing Appointments
Before you decide to hire a real estate agent, you’ll need to ask yourself whether you’re willing to make yourself and anyone else in your household invisible while keeping your home spotless at all times because of showings.
Despite how eager you may be to sell your house in New Hope, nobody enjoys the hassle of jumping into action and preparing for a showing after a long day at work. In these situations, your life is constantly under a looking glass. Buyers will expect your house to be perfect, so in most cases, your real estate agent will ask you for a decoration budget that will have to come out of your own pocket. Likewise, if your buyer falls in love with your furnishings, this may not have the positive effect you may have hoped for. They may consider one or several of your beloved possessions as deal-breakers, making the deal contingent on you agreeing to part with some of your most precious items.
Along with the agent selling your house, you will need to deal with buyers’ agents, who will most probably be the ones viewing your home. It’s highly likely they’ll call to schedule the appointments during your very important family time. If you’d like to avoid these inconveniences altogether, you may be happier with a direct sale.
With a direct sale, you won’t need to remain constantly aware of your home’s appearance or worry about staging. You also won’t have to worry about storing anything you don’t want a buyer to catch sight of and decide they’d like “tossed into the deal.”
2. Investing More Before Selling
Remodels and renovations when selling a house that are required to make a property more attractive to buyers can also be quite expensive. As such, they’re one of the main reasons why you may wish to forgo the process of traditional home sale. If you choose to sell your house with an agent, you’ll need to ensure that any necessary repairs are done in advance. If you don’t pass the inspection which is usually ordered by buyers before closing, you could be required to spend even more time and money on further upgrades in order to qualify your property for the required mortgage loan. You may also be required to cover the costs for professional photography, which will be used by your agent when advertising the property.
However, when working with a professional buyer, none of the concerns or costs associated with home design and updates will be an issue. For those that decide to sell their house through a direct sale, major or minor repairs can be forgotten and worrying in general about your home’s appearance will fly out the window.
3. Professional Expenses
Real estate agents charge commissions that are independent of all the other staging/repair costs they may require from you. In addition, buyers agents nearly always require inspection contingencies. In these cases, inspectors fees are usually your responsibility as the seller. Appraisers and those handling closings charge fees which are added costs that will take a chunk out of your sale when selling your house in New Hope.
Making a direct sale commonly means that there are no commissions and no inspections. The property is typically bought “as-is”, meaning there are no repairs or initial investments involved in updates that are required for making the overall appearance of the property appealing.
4. Delayed Closing
Due to the nature of traditional listings, there is no ETA on the closing time when selling your house in New Hope through a real estate agent. Additionally, depending on the buyer’s circumstances, there may even be added delays in the actual closing date.
An upside of selecting a direct sale for your property is that you’ll sell your house in New Hope within a short timeframe and there won’t be any delays in closing due to failed inspections or financing issues.
We’re here to assist you with any questions or concerns you may have about the choice ahead. Call FastPath Home Buyers today at (612) 351-2384, fill out the short form below, or send us a message to learn more about a direct sale vs. hiring an agent when selling your house in New Hope.
For more information on real estate agents, catch this blog that explores some of the top reasons you shouldn’t rush into hiring an agent in Minneapolis MN.
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