If you’ve ever used a real estate agent to advertise a Phoenix home on the MLS, you know that it may occasionally be a nuisance. The process can be time-consuming and stressful, from dealing with showings to anticipating offers. Of course, using an agent can be fantastic in some circumstances! But not every home is affected by this. In this article, we go over a few of the challenging aspects of home listing that you should be aware of and explain why you might want to think about selling your property to an investor instead.
Hassles of Using a Traditional Listing to Sell Your House
1. Property Showings
Dealing with showings is one of the most difficult aspects of advertising your home on the MLS in Phoenix. In order to get the house ready for possible buyers to come in and take a look around while you are still residing there, you must always maintain it clean and organized. If you have children or animals, this may be very challenging. Additionally, if you are not residing in the property, you must constantly work with your real estate agent to ensure that they can show the property to prospective purchasers. This can be a big hassle, especially if your schedule is already packed.
2. Waiting for Offers to Come In
There are no assurances when you put your house on the market in Phoenix. While you wait for proposals that meet your criteria, you’ll need to exercise patience. An offer might not come in for weeks or even months, depending on the market and interest rates. You still have to pay your mortgage, property taxes, and other costs of home ownership during this time. This can be a significant financial burden, particularly for homeowners who are attempting a rapid sale of their home.
3. Costs of Hiring a Phoenix Real Estate Agent
A real estate agent’s commission fee is normally between 5 and 6 percent of the home’s sale price. This means that if you sell your home for $300,000, you will be required to pay your real estate agent’s commission fees of $15,000 to $18,000. This could have a substantial negative impact on your bottom line and lower the proceeds from the sale of your home. You can also be responsible for marketing expenses, listing fees, and more, depending on the agent!
4. Repairs and Renovations
You normally need to make repairs and renovations to your home in order to make it marketable before you can sell it on the MLS with a real estate agent in Phoenix. Painting, installing new flooring, and upgrading appliances are a few examples of what this might entail. These fixes and improvements may be costly and time-consuming, depending on the state of your home. Additionally, if you don’t make the required improvements, your home might not sell or you might have to accept a lower offer.
So what’s the solution? Selling your property to an investor. Here are four reasons why:
1. No Property Showings
You don’t have to bother with any property showings when you sell your property to an investor. Investors often purchase homes “as-is,” so you won’t need to bother about maintaining, fixing up, or remodeling your home. This can save you a ton of time, particularly if your schedule is hectic or if your home requires a lot of repair.
2. A Fast Closing
Traditional buyers rarely close on homes as rapidly as investors like [business]. In contrast to putting your home on the MLS, you can sell your house and receive your money considerably faster. This can be especially helpful if you need to sell your house quickly.
3. No Costs, Commissions, or Hidden Fees
There are no commission costs involved when you sell your property to an investor. As a result, you will keep a larger portion of the proceeds from the sale of your home. Additionally, you can save even more money by not having to worry about doing repairs or renovations because investors often buy property “as-is.”
4. A Cash Offer
Investors frequently offer cash for homes and are not dependent on banks. You won’t have to worry about waiting for funding to complete, as a result. This can be quite relieving, particularly if you need to sell your home quickly or if you’re concerned about the buyer’s finance falling through.
A real estate agent in Phoenix can help you list your home on the MLS, which can be a terrific option in some cases but can also be a hassle in others. The process can be time-consuming and stressful, from dealing with showings to anticipating offers. An investor can be a much easier and more practical choice when selling your house. Selling your property to an investor will assist you in selling your home quickly and with the least amount of stress due to no showings, speedy closing, no commission costs, and cash offers. Reach out to our team to learn more about what we can do for you if you need to sell your house quickly in Phoenix. 602-734-3662