Selling On The Market Vs. Selling As-Is
When you decide to sell your home on the market, you work exclusively with a real estate agent under contract. When you sell your home as-is, you have the freedom to explore alternative options.
Let’s dive in and explore the differences between these two scenarios.
Selling With A Real Estate Agent
When you work with a good real estate agent, you will likely get access to several marketing connections and tools to help expand your home listing’s reach. In an ideal world, a real estate agent could help you sell your home in San Bernardino fast.
Agents will list home on the MLS (Multiple Listing Service), which can help get your home into exclusive markets. They will also help you coordinate open house appointments and work closely with you on closing.
When you sell your home, however, the real estate agent will take a cut off the top, which is typically around 5-6% of the overall sale price. It is also true that the majority of real estate agents have contract clauses that state they have “exclusive selling rights.”
Essentially, no matter who finds the buyer in the end, they will receive a commission.
Of course, selling with a real estate agent is the traditional method, though it can be an expensive one for many homeowners. Plus, selling with a real estate agent is a better choice for those with updated homes. The majority of buyers want turnkey homes, not homes that they need to pour a ton of money into to fix up.
For sellers that don’t want to go the real estate agent route, there are alternative options.
Sell To A Cash Buyer
When you sell your home to a cash buyer, you sell without listing it on the MLS. We call this off-market selling.
Cash buyers or investors will purchase your home as-is, renovate it, and flip it for profit. These types of buyers don’t concern themselves with the condition of the house, as they plan on performing the necessary repairs regardless. Selling to a cash buyer is beneficial, as it is an ultra-fast process that takes little to no work from the seller.
Sell To An iBuyer
iBuyers have become incredibly popular over the past couple of years. Essentially, iBuyers are real estate companies that use new technology to determine the value of your home so that they can give you an offer and purchase it directly.
There are many pros and cons to selling with iBuyers, and it is crucial that you do your homework so that you understand them before going through with this choice.
FSBO (For Sale By Owner)
Of course, you could always list your house on your own, though there are plenty of challenges that come with this method. You need to do your research to price your home accurately. You will also need to find prospective buyers, take time to show them your home, manage all of the financial paperwork, and more.
You will save on the transaction overall, though using this method requires a ton of time and effort on your part.
If you’re interested in selling your home without having to pay heft real estate agent fees or perform expensive repairs, get in touch with us here at National Cash Offer to see how we can help!