Hiring a real estate agent has been the most common option that most people consider selling their houses for many generations. And to a large extent, it’s still is. However, that does not mean that it’s the only way that you can go about selling your house in 2020. If you’re looking for an alternative approach that will allow you to avoid hiring an agent, you should consider making a direct sale to FastPath Home Buyers.
But then the question becomes, why would someone actually want to sell their house via an alternative method to hiring a real estate agent. I mean, working with agents to find buyers on the open market has been quite prevalent to date. And for the most part, it’s worked quite well and fueled the real estate industry for decades. So why fix something that’s not broken?
Well, the answer to that particular question is actually quite simple. It is broken! Though selling a house with an agent will be a great choice for the vast majority of people out there, it doesn’t work for everyone (e.g. people facing foreclosure or selling rundown/ugly houses). In addition to that, it also does have a few drawbacks that even apply to those people who one could define as “ideal traditional home sellers”. However, these are all things that your agent will likely neglect to mention when you sign their listing agreement and officially hire them.
Before you pull the trigger, you should make sure that you are well informed. So to help you with this, here are 6 facts about selling your house in Saint Paul that an agent will not tell you. Before you consider hiring a real estate agent, you should first take the time to do your homework and determine whether working with one is actually the right choice for you. In addition to this, taking the time to understand the reality of what hiring a realtor will truly mean for you before hiring one is also advisable. It will prevent you from looking back in regret as you battle with your agent at some point in the future, over things they will say they assumed you knew.
What A Real Estate Agent Won’t Tell You When Selling Your House in Saint Paul MN
Read on to discover the top 6 things that an agent won’t tell you when selling your house in Saint Paul MN.
1. Inconveniences When Selling Your House with an Agent
Even dinner time won’t be sacred when selling your house with a real estate agent in Saint Paul.
While you may consider sitting down at your dinner table to be highly valuable family time, the dinner hour ( or during your weekend) is likely the prime time home buyers will request showings. This can be a huge inconvenience during the sale process. While no one likes to have strangers walking through their private space and looking over all their personal belongings, it is your real estate agent’s job to make certain that as many strangers as possible do exactly this. This can become especially irritating when buyers make last-minute calls or book times that are perfect for them, but a total inconvenience for you. If you choose to list with an agent, you must mentally prepare yourself for this.
Likewise, you’ll need to keep your house in picture-perfect condition at all times. Be ready to plan your life around showings or open houses. This is one detail about selling your house in Saint Paul that an agent will likely not tell you before you hire them.
2. Closing Can Delay When Selling Your House with an Agent
Deals can often be insecure and delay when selling your house with a real estate agent in Saint Paul.
Because the process is based upon the completion of inspections and appraisals (not to mention other deadlines and hurdles that you’ll be jumping) closings can be delayed. It isn’t unusual for closings to take up to 60 days, and quite possibly longer. These delays typically take place because buyers will need to wait for their mortgage loans to be approved before they can close. This is another fact about selling your house in Saint Paul that an agent likely won’t tell you before you hire them.
3. Long Waiting Periods When Selling Your House with an Agent
Your house can be listed for many months without sale when working with a real estate agent in Saint Paul.
While your real estate agent may be able to quote the average time period a house takes to sell on the open market, one thing they cannot tell you is just how many days it will take to sell your property. They can guess, but without having a realistic picture of the actual time it will take, the plans you start to make around your home sale may all be in vain. You may also find yourself responsible for two properties if you are forced to move before the sale is completed. This is another piece of information about selling your house in Saint Paul that an agent will likely keep hidden.
4. Rough Contingencies When Selling Your House with an Agent
Contingencies can sometimes jeopardize your home sale when working with a real estate agent in Saint Paul.
With this, the bottom line is that your home sale could potentially fall through if a contingency isn’t met. Contingency clauses in home purchase contracts are provisions in said contract that must occur before the sales goes through. They are quite common in traditional real estate exchanges. For instance, if your house doesn’t pass the inspection, or meet the purchase price in the appraisal, the buyer or their lender may renegotiate or even walk away from the deal. This is a fact that can be devastating to learn the hard way, about selling your house in Saint Paul that an agent will not tell you.
5. Home Repairs When Selling Your House with an Agent
Mantatory Home Repairs can be quite expensive when selling your house with a real estate agent in Saint Paul.
Inspections are a necessary part of traditional listings. However, regrettably, they can also bring to light very expensive secrets. Depending on the nature of the previously unknown issue that would have been discovered during the inspection of your property, the expenditures required to repair or replace the problem could run into the thousands. This is yet another tidbit associated with selling your house in Saint Paul that an agent will not tell you. It will be your responsibility to complete any repairs required by the lender, or receive cost deductions on your sale price for each repair. Failure to complete the repairs, despite any lack of funds you may be facing, may even void the contract.
6. Expensive Costs When Selling Your House with an Agent
The costs, commissions and fees required to sell your house with an agent in Saint Paul can make it expensive.
Commissions, fees, marketing, staging, storing belongings to decrease clutter, and closing costs. Your real estate agent will expect you to make changes aesthetically which could include updating or renovating. These added costs could run into the thousands. In addition to the cut real estate agents and their broker’s will take-off of the top in commissions, you’ll be responsible for paying all the marketing expenses, as well as hiring the digital photographer ( which might even include a drone pilot, for your online presence).
Along with these costs, you’ll be paying for staging. This will help you make your home appealing to a larger number of buyers, which has proven speed up sales and produce higher offers. This may require you to put excess belongings in storage until the home sells. Depending on your particular situation, you could also be responsible for the closing costs. All of this eats away at the profit you’re expecting. Carefully consider these facts that take away from your bottom line, when selling your house in Saint Paul that an agent will not tell you.
Intrusive, expensive, time-consuming, and offering no guarantees are facts about selling your house in Saint Paul that an agent will not tell you. Instead, FastPath Home Buyers saves both your time and money. In addition, we provide you with a guaranteed sale and very quick closing date. These are just a few of the reasons why you should consider selling your house to FastPath in Saint Paul MN. To get your cash offer, simply call (612) 351-2384 or fill in the short form below.
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