Are you selling a house in New Port Richey? The process can require a lot of research and work, especially if you’re unfamiliar with the local real estate market. Fortunately, homeowners in New Port Richey have several options when it comes to selling their property. One of these options is selling their home directly to a buyer without the involvement or costs of a real estate agent.
While some direct buyers work with integrity, others will try to obtain your property for as little as possible. It is up to you to be vigilant and do your research. Make sure you are working with someone you can trust before agreeing to a sale or signing any contracts.
You should at least work with a reputable title company or an attorney to make sure the transaction goes smooth and is legal.
Here are five of the top reasons why homeowners in New Port Richey choose to sell their house directly:
1. Save Money on Realtor Fees
One of the biggest reasons why homeowners in New Port Richey choose to sell their house directly is to save money on realtor fees. When you sell your house through a real estate agent, you typically pay a commission of 6% of the sale price. For example, if you sell your house for $500,000, you’ll pay $30,000 in realtor fees. That is a lot of money that most people would rather hold onto. By selling your house directly, you can save this money and keep it in your pocket.
Realtors many times have to split commissions with other realtors, which is why 6% has become the normal accepted percentage you pay.
Keep in mind that these fees can be negotiated.
2. Sell Your House Faster
Another reason why homeowners in New Port Richey choose to sell their house directly is to sell it faster. When you sell your house through a real estate agent in Florida, it can take several months to find a buyer and complete the sale. This is because real estate agents typically list your house on the MLS (Multiple Listing Service), which can take time to generate interest from potential buyers. You will have to deal with repairs, showings, and the escrow process. By selling your house directly, you can bypass these things all together and find a buyer much more quickly.
A fast sale is particularly convenient for those wishing to buy elsewhere or for those dealing with problem properties. For example, if you are dealing with foreclosure, divorce, repairs, or a vacant rental home, a fast sale to a reputable buyer may be the perfect option for you.
Many times a property that is in Probate needs to be sold as the heirs may live in other states, or even countries, and they have no use for this inherited property.
Probate properties can and many times are listed for sale through an agent, which involves the same fees and commissions as other properties.
Selling to a cash buyer avoids this. If you are going to trust that an agent knows about the probate process, make sure that you ask them how many they have worked with in the past. Working with someone that is certified in probate properties can relieve a large burden.
3. Avoid Home Inspections
Home inspections are a common part of the home-selling process. During a home inspection, a professional inspector will examine your house for any issues that may need to be addressed before the sale can be completed and approved by the lender. If the inspector finds any issues, you may need to make repairs or offer a credit to the buyer to cover the cost of repairs. Many lenders won’t approve your buyer’s loan if there are defects with the property. By selling your house directly, you can avoid home inspections altogether. At OurCashForYourHome, we buy houses as-is, saving you time and money on repair costs.
If you are selling to a cash buyer, like us, many times this inspection can be avoided or eliminated.
If you are selling to a homeowner that is getting a mortgage, many times their lender will require an inspection, and the loan process can take from 30 to 45 days or longer.
You can cut these costs to you down to minimums by selling to a cash buyer.
4. You Control the Sale Process
When you sell your house through a real estate agent, you’re relinquishing your control of the sale process to someone else. This can be frustrating if you have specific requirements or preferences for the sale. By selling your house directly, you can take control of the sale process and make decisions that align with your goals and priorities. You will be able to sell your house on your timeline, simply passing on an offer if it doesn’t make sense for you. There are no last-minute showings, difficult negotiations, or wasted time while you wait for your buyer to follow through.
Even the title company closing your sale, you have the right to have them control parts of the process, you don’t need to just go along with everything they say.
5. Keep Your Privacy Intact
Many homeowners in New Port Richey choose to sell their homes directly to keep their privacy intact. When you sell your house through a real estate agent, your house is listed on the MLS and marketed to a wide range of potential buyers. This can lead to a lot of inquiries and property showings, which can be invasive and time-consuming. By selling your house directly, you can control who sees your house and when, ensuring that your privacy is maintained.
Selling your house directly in New Port Richey can be a wise decision for many homeowners. By doing so, you can save money on realtor fees, sell your house faster, avoid home inspections, control the sale process, and keep your privacy intact. If you’re considering selling your house, it’s worth exploring this option to see if it’s the right choice for you. With the right approach, you can sell your house quickly and easily while also getting a great price for your property.
At OurCashForYourHome, we buy houses no matter the condition, location, or situation. Our process helps homeowners with difficult properties while also paying them excellent prices for their homes. If you need to sell your house fast in New Port Richey, reach out to our team to learn more about what we can do for you! (727) 487-1585