Here are the top 8 benefits of selling your house direct:
1. No Commissions & Fees
The average paid out commission for a homeowner selling their home is 6%. So, to sell a $200,000 home, the commissions would cost $12,000. This is great for the real estate agent, but not so great for the seller. In a situation where the seller is trying to sell a home that doesn’t have much equity, this could mean they need to pay a portion of the commissions out of pocket, or, they can’t sell their home by way of a real estate agent, due to the commissions.
Selling directly has no commissions and fees, just cash right in the sellers pocket.
2. No Closing Costs
Generally, the seller pays all closing costs, which is typically 3% of the sells price. Using the same $200,000 example above, closing costs can cost up to $6,000.
3. Close in Weeks
The average time a home is on the market is 90 days. Sometimes it’s tough to find a buyer that appreciates the nuances of your house or neighbourhood, and often potential buyers may have challenges with financing and have to step away from the deal.
Selling directly comes with a fast closing and no worry of financial troubles.
4. No Showings
You can expect to sell your home at least weekly when you list your property. The average home is on the market for 12 weeks, so you can expect to be inconvenienced at least a dozen or more times.
5. 90 Day Average on Market
It can take months to get your home sold. It all seems to happen so much quicker on HGTV, but in the real world, on average it takes multiple months.
6. Deals Fallout
The roller coaster ride of selling a home can be daunting. Getting offers that fall through is an expected part of the process, which sometimes falls through at the closing table. Back to square one.
Selling your home isn’t cheap, you’ll need to make repairs, and sometimes replace things such as carpet and appliances in order to catch the eye of potential buyers.
8. Flexible Move Out
In many cases, you’ll need to be out of your home at the closing table. This can be a problem, considering some deals fallout at the closing table.
Homeowners always have the option to sell their home on their own, without a real estate agent.