If you have experience with listing a Sarasota house on the MLS with a real estate agent, you may be familiar with the challenges that can come with it. The process can be burdensome, from managing showings to waiting for offers, and can cause stress and consume a significant amount of time. Although working with an agent can be beneficial in certain circumstances, it may not be suitable for every property owner. This article highlights some of the complexities involved in listing a house and explains why it may be advantageous to sell your property to an investor instead.
Challenges of Using a Traditional Listing to Sell Your House
1. Property Showings
Listing your house on the MLS in Sarasota can be a challenging task due to the inconvenience of showings. When you are still residing in the property, you must ensure that it remains clean and organized at all times to accommodate prospective buyers. This can be particularly challenging if you have children or pets. On the other hand, if you are not residing in the property, you have to consistently communicate with your real estate agent to ensure that they can present the house to potential buyers. This can be a significant inconvenience, particularly if you have a busy schedule.
2. Waiting for Offers to Come In
When it comes to putting your house on the market in Sarasota, it’s important to understand that there are no assurances of a quick sale. It may take a considerable amount of time to receive offers from qualified buyers, which can be influenced by market conditions and interest rates. In the meantime, you will still be responsible for covering your mortgage payments, property taxes, and other expenses associated with homeownership. This can create a significant financial burden, particularly for those who are seeking a prompt sale of their property.
3. Costs of Hiring a Sarasota Real Estate Agent
In the real estate industry, it is common for agents to take a commission fee ranging from 5 to 6 percent of the sale price of a property. Therefore, if you sell your house for $300,000, you would be required to pay your agent a commission fee of $15,000 to $18,000. This expense could have a substantial impact on your profits and potentially reduce the amount of money you receive from the sale. Additionally, some agents may impose additional expenses such as marketing costs and listing fees, which should be taken into account.
4. Repairs and Renovations
In order to put your house up for sale through a Sarasota real estate agent, it is generally necessary to undertake repairs and renovations to improve its marketability. These improvements may involve tasks such as painting, replacing flooring, or updating appliances. The extent and cost of these repairs and renovations will depend on the current condition of your house. Neglecting to make necessary improvements may result in a failure to sell your property or accepting a lower offer than expected.
Here’s a solution: Selling your property to an investor. Here are four reasons why:
1. No Property Showings
When you sell your property to an investor, you can avoid the hassle of arranging property showings. Investors usually purchase houses in their current condition, so you need not be concerned about cleaning, repairing, or renovating your property. This can save you significant time, particularly if you have a hectic schedule or if your house requires extensive work.
2. Quick Closing
Home buyers and investors such as Burson Home Advisors close on houses much more quickly than traditional buyers. In fact, Burson Home Advisors lets you choose your closing date. This means you can sell your house and get your money much faster than listing it on the MLS. This can be especially beneficial if you’re in a hurry to sell your house.
3. No Costs, Commissions, or Hidden Fees
When transferring ownership of your property to an investor, you are not required to pay any commission fees, allowing you to retain a larger portion of the proceeds from the sale. Additionally, investors, such as Burson Home Advisors, typically purchase properties in their current condition, thus relieving you of the burden of making any necessary repairs or renovations, which can result in further cost savings.
4. A Cash Offer
In general, investors do not depend on banks and instead prefer to offer cash payments when purchasing houses. This eliminates the need to wait for financing approval, which can be a significant relief, particularly if you are in a rush to sell your property or concerned about the buyer’s financing falling through.
Opting to list your house on the MLS using a Sarasota real estate agent can be an excellent decision, but it may prove to be more complicated for certain properties. The process can be both time-consuming and stressful, from managing showings to waiting for offers. Conversely, selling your property to an investor can be a more straightforward and convenient alternative. By avoiding showings, receiving cash offers, and closing quickly without commission fees, selling to an investor can help you sell your house promptly and with minimal hassle. If you want to sell your house fast in Sarasota, reach out to our team to find out what we can do for you! 941-241-1632