How To Know If You Should Work With An Investor or Real Estate Agent To Sell Your House in Raleigh NC

How To Know If You Should Work With An Investor or Real Estate Agent To Sell Your House in Raleigh

Are you thinking about selling your house? Do you have a lot of unanswered questions regarding the process? In this article you will learn how to know if you should work with an investor or hire a real estate agent to sell your house in Raleigh NC!

I was born in the 20th century, and one thing I have observed over the last few decades is the rapidity at which technology evolves. The real estate industry is no exception, and I believe this will benefit home sellers.  Today, you have all the information you need to make an informed decision at the tip of your hands.  You can list your home for sale with a Raleigh NC real agent, as we do when we sell our renovation projects, or, you can contact a home buying company that can buy your house directly.

Just like anything, there are pros and cons to each. By providing the seller options, the team at Mike Buys Houses is able to help property owners in Raleigh NC effectively sell, no matter the condition of the house, the location, or the situation.

Work With A Raleigh NC Real Estate Agent?

Have you ever seen an advertisement for a nursury that sells landscaping trees, and bushes?  Some will say that they do not sell to the public, and only sell to landscaping businesses?  This is a good example of the difference between retail, and in this case wholesale markets.

If you want to sell your house for top dollar, or retail price, listing with a GOOD Raleigh NC real estate agent is the way to go.  But your home has to be in prime selling condition to be successful.  Think of our nursury example above.  If you go into a big-box retail store to buy trees or bushes will you select the best looking item, or will you buy one that has some dead branches on it?  In order to command retail price the product, in this case the house, has to be picture perfect.  This is the expectation among retail buyers.  The drawback is that it takes, time, effort, and money to get a home into this condition.  A traditional sale can take months to close and involves rigorous inspections. Sellers should be aware of the holding costs and other expenses they will face while their home is on the market.

Why Work With a Local Home Buyer?

For those who want to avoid the hassle of frequent, and intrusive showings and inspections, selling to a local cash home buyer can be a great option.  Also, sellers who are on a deadline that need to sell by a specific date.  Working with a local cash buyer will allow the seller to pack up their belongings and move in peace.

When you sell your house directly to Mike Buys Houses, you will be able to liquidate your house quickly without any costs, aside from the normal proration of real estate taxes. You will not have to pay commissions, continued holding costs, listing fees, or even closing costs.  The best fit for this type of sale is a house that needs some work.  These can be simple things like new carpet, fresh paint, and general repair items.

Our team can specifically help those dealing with probate, tax problems, liens, code violations, foreclosure, or bad tenants. For sellers in these sorts of situations, a convenient and cost-free sale can be the solution they have been waiting for.

What The Numbers Say

When it comes down to it, listing your house will likely bring in more cash. However, there are many costs upfront home sellers will face and that they should be made aware of. Often when listing your house with a Raleigh NC real estate agent, you will have to:

  • Spend money making repairs, cleaning, and staging the house in preparation for the Triangle Multiple Listing Service (TMLS).
  • Often new carpet and paint is need to be competitive.  Moving furniture and coordinating with contractors is a huge hassle, especially when you’re living in the home.
  • Pay the continued holding costs for things such as taxes, HOA fees, homeowners insurance, utility bills, and routine maintenance
  • When the house sells, you will be on the hook for about a 6% commission

Selling your house directly in Raleigh NC won’t cost you anything either upfront or after the sale. 

How Much Time/Energy Do You Have To Invest?

If you don’t have the time to keep the house clean, stage and do all the necessary repairs to the home you can always hire people to do this for you.  If you don’t have the cash, you can do many of these items yourself.  But many sellers underestimate the cost of getting a home ready for sale, and the labor involved when DIY.

With a direct sale to Mike Buys Houses, you won’t have to spend any time on the sale of your house. We will make an offer and leave the rest up to you. If you decide to sell, we can close in only a few short days. Take what you want and leave the rest behind. We’ll handle the paperwork, your unwanted items, and any repairs that are needed for the home.

Final Thoughts… 

When it comes down to it, both selling methods have their pros and cons. As a home seller in Raleigh NC, it is important that you run the numbers for your specific property and situation before committing to a selling method. If you have questions about how to sell your house in Raleigh NC, our team please feel free to contact our office at any time!

Are you uncertain if you should work with an investor or hire a real estate agent in Raleigh NC to sell your house? Reach out to us today to get all of the answers you need!

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