Selling your house without paying thousands of dollars in agent commissions can help you save on the equity in your home. Learn more about how easy it is to sell without a Greenville NC real estate agent in our latest post!
If you want to sell your house in Greenville NC without any agent commissions, there are two strategies you can choose from. You can sell directly to a local cash buyer such as Mike Buys Houses. Or you can try the DIY route and for ‘for-sale-by-owner’. These are both good options for depending on your goals. Let’s take a closer look at the pros and cons of each method.
Sell Directly To A Cash Buyer
Selling your home to a local buyer has many benefits..
The Pros of Selling to a Direct Buyer:
No Commissions – With a direct sale of your house to Mike Buys Houses, you won’t pay a dime in agent commissions or fees. We will handle everything, never charging you for anything. While this is a common practice, it is not a standard. You should do your research and read the companies testimonials before accepting an offer.
No Repairs – Selling a home ‘as-is’ means that the seller will not be doing any repairs. Even the most well cared for home will have a laundry list of items that have been called out by a professional inspector. This adds a lot of stress to the sales process, and it gives the buyer an upper hand when the seller is at a vulnerable point in the negotiation process. We never do this to our clients! When we buy your Greenville house outright, we will never ask that you fix anything!
Flexible Closing Date – With a direct sale of your house to Mike Buys Houses, we can close on your timeline. If you need to close in a week we can help. If you need time to pack up your belongings and find another place to live–we can work with your schedule. We don’t believe in rushing people out of their homes.
If you need to sell quickly, you’ll be able to get an offer and collect your proceeds all within a matter of days. The amount you will save on holding costs can more than make up any difference in the price you may see when using the MLS.
Hassle-Free Experience – With a direct sale to Mike Buys Houses, we make the process easier on you. You don’t have to worry about multiple intrusions into your home for showings, or waiting around to find a buyer, and waiting for a buyer to be approved for a loan. This is especially valuable when you have inherited a house that you don’t want.
No Closing Costs – Not only will we close on your house fast without any fees or commissions, but we will pick up the closing costs too. This means that we pay the attorney, document fees, recording fees, and all the other fees associated with the transaction. The only thing we don’t pay are the real estate taxes.
The Cons of Selling To A Direct Buyer:
Possibly Less Than What The MLS Can Offer – We buy houses that need work. If you own a home that is in good condition you will get a higher offer from someone who plans on living there. Most of the houses we buy are houses that have not been updated in some time, or maybe a home with a lot of deferred maintenance. We also buy fire damaged houses. In some cases, the amount we will offer will be less than what an agent will list your house for.
For Sale By Owner
There are many homeowners out there who have bought and sold many homes over the years. Many used to be real estate agents and have enough experience to leverage internet marketing and not have to offer a commission to find a buyer.
While this is true in some cases, selling your house on your own will likely net you less cash than working with an agent and will take up much more time than a direct sale. That said, selling your house with an FSBO listing in Greenville will help you avoid agent commissions. Here are a few of the pros and cons.
The Pros of an FSBO Listing:
No Commissions – If you sell your home yourself you can leverage the internet to find a buyer directly and not have to pay anyone a commission. This can save you up to 6% of the sale price of your home, totaling thousands of dollars. Websites like Zillow, Redfin, and other FSBO sites get huge amounts of searches on a daily basis. It is much easier to advertise a home than it was 20 years ago.
The Cons of an FSBO Listing:
You Handle The Marketing – The worst part of selling a home yourself is screening all the calls, emails, texts, and so forth. Answering the same questions over and over gets tiring. This is especially true when you work during the week and have to spend your weekends returning calls and emails.
The Property Showings – One of the many tasks you will face are property showings. Scheduling multiple tours per day may be simple to those who are highly organized, but it gets stressful when people show up late, or not at all. Keeping the house neat and tidy is also challenging with the increased foot traffic through the home.
The Legalities – With an FSBO listing, you are responsible for all of the contracts and paperwork involved with the sale. Items will need to be filed appropriately in order for your sale to be valid. You are still responsible for the North Carolina Residential Property Disclosure form, and you have to be mindful of Fair Housing Laws. Many questions regarding the type of people who live in the area are illegal to answer. This exposes the homeowner to liability.
If you are ready to sell your house fast in Greenville, you don’t need an agent to help. You can sell the house on your own either directly to a local buyer or by using an FSBO listing. At Mike Buys Houses, we are ready to buy your house outright, so you can quickly and easily be rid of your unwanted property.