In certaIn some instances, the process of selling your house in Sarasota can be daunting. Homeowners may face a dilemma when contemplating whether to sell their property to a local investor or enlist the services of a Sarasota real estate agent. Both options have advantages and disadvantages, and it is crucial to identify the distinctions to determine the appropriate course of action for you, your home, and your future.
Sell Your House Fast by Working With an Investor
Selling a house to a local investor typically results in a more efficient and streamlined process for homeowners. Investors are continuously seeking properties to purchase, and as such, do not delay when they come across a property that meets their requirements. They often have readily available funds and are capable of finalizing the transaction promptly. This can be advantageous for homeowners who are in urgent need of selling their property.
An Easy Way to Sell Your House As-Is
Working with an investor offers the benefit of selling a house in its current condition without the need for costly repairs or renovations. Investors are willing to purchase properties in any state, even those that are rundown or distressed, which is a favorable circumstance for homeowners.
Sell Your House Without Fees, Commissions, or Closing Costs
A Sarasota homeowner may sell his/her house to an investor and avoid paying commissions, fees, and closing costs. Real estate agents charge – on average – 6% of the property’s sale price. While this has changed in recent years, typically 3% goes to the agent who represents the Buyer and 3% goes to the agent who represents the homeowner or seller. Agents also sometimes charge a transaction fee, which typically ranges in the low hundreds. Commissions can decrease the amount of money received by the homeowner from the sale; however, selling to an investor allows homeowners to keep the entire amount of money from the sale, including the Closing Costs.
Sell Your House Regardless of the Situation
Collaborating with an investor who operates within the same locality can prove advantageous for homeowners who encounter tough situations. These investors are often willing to collaborate with homeowners who are struggling with foreclosure, bankruptcy, divorce, or other challenging scenarios. They empathize with the stress these situations can cause and are willing to assist homeowners in selling their properties in a prompt and hassle-free manner.
Get Top Dollar for Your Home on the MLS
Working with an investor can come with certain disadvantages. Investors typically purchase houses at a lower rate than what homeowners would receive if they sold their houses through a real estate agent. This is because investors aim to earn a profit and consider the expenses linked to repairs and renovations. Homeowners who are hoping to make a substantial profit from the sale of their property may not find teaming up with an investor to be the most suitable alternative.
Listing on the MLS is the Right Way to Sell Some Properties
In contrast, enlisting the services of a real estate agent can prove advantageous for property owners seeking to sell their homes at the best possible price. Such agents possess an extensive knowledge of the local market and can assist homeowners in appropriately pricing their properties. Additionally, they have access to a broader range of potential buyers, thereby enhancing the likelihood of a prompt sale.
Managing All of the Details of Selling Your Home
Professional purchasing firms and real estate agents usually handle all the documentation related to property sales, which can be a considerable relief for homeowners who lack the time or expertise to manage these responsibilities. Nevertheless, it is crucial to comprehend the distribution of responsibilities before finalizing any agreements. At Burson Home Advisors, we will take care of all the particulars, ensuring your peace of mind.
True Costs of Hiring a Sarasota Real Estate Agent
Hiring a Sarasota real estate agent can also have its downsides. Real estate agents charge a commission on the sale of a property, which can significantly reduce the amount of money that homeowners receive from the sale. They also require homeowners to make repairs and renovations before putting the property on the market, which can be expensive and time-consuming, especially for homeowners dealing with difficult properties or situations.
Different Situations Call for Different Solutions
In Sarasota, there is no one definitive way to sell a house. There are advantages and disadvantages to both selling to a local investor and hiring a real estate agent. It is imperative for homeowners to consider their individual circumstances and determine the best way to sell their property. If they require a quick sale, lack the funds for repairs, or are dealing with challenging circumstances, collaborating with an investor may be the best option. If they are seeking to sell their property at the highest possible price and have the resources to invest in repairs and renovations, hiring a real estate agent is likely the most appropriate approach. Ultimately, the decision should be based on what is most beneficial for the homeowner and their specific situation. At Burson Home Advisors, we can assist you in assessing your property, providing you with the necessary data to make the best choice for your situation. There is no pressure or obligation to sell your house. Give us a call today! 941-241-1632