It’s time to sell your house. You keep wondering if you should hire an agent to sell your house in California. Would you like to pay large commissions? Would you mind waiting for the house to receive an offer for a while? When will it be closed? Are you going to need to make any repairs? Is there anything I need to do before I leave for work? Do you have a 24-hour notice for showings of your house?
You won’t need to deal with roller coaster emotions when you sell to a professional house buyer in California. You won’t get a phone call in the middle of dinner asking if you are available to show your house. As long as you leave your house spotless before leaving for work, you won’t have to worry about a showing while you’re away. It’s unlikely that you’ll run into a buyer’s agent or their clients and are faced with answering questions you shouldn’t be answering anyway. In addition, you won’t have to worry about buyers arguing over which furniture you are taking and what you are leaving.
Commissions and Fees
The commission a real estate agent receives is a percentage of your house’s sale price. In the case of a non-agent, no commissions will be paid to a buyer’s or seller’s agent. The savings add up to thousands! Accordingly, if you sell your home for $400,000, you would be required to pay $24,000 in commissions, in addition to the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agent’s office. The commissions and transaction fees charged by real estate investors are usually very low by comparison.
Waiting Time Frame
The multiple listing service, or MLS, allows agents to find your property when searching for certain features of a house. Despite its great sound, how long will this product remain on the market? What is the expected turnaround time for offers? Direct house buyers and real estate investors often have a network of other buyers, so if your property does not fit into their portfolio, then it may fit into the portfolio of one of their colleagues. In either case, this means a very short waiting period. Direct buyers are likely to close fast and usually pay in full for houses in California that are sold directly. In a traditional house purchase, the buyer is usually required to qualify from banks, undergo mortgage underwriting, and have a property inspection. The buyer may not qualify in the end.
Inspections & Repairs
Professional house buyers in California will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
There are a lot of situations to think about when you are ready to sell your house. We can help you decide which avenue would be best for you.
The information we shared with you in this article applies to cities all over Northern California like Stockton, Modesto, Sacramento, and Lodi.