Selling a home is often more challenging than it may seem on television shows like HGTV. On those shows, the producers select the sellers and real estate agents for the sake of making a show. While listing your York SC home with an agent to put on the MLS, Zillow, Redfin, and other social media sites may be the most popular choice and net the homeowner the highest price, this may not be the best choice for your situation. Has any one suggested you should sell your home directly to an investor? Here are five signs you should skip the MLS and sell your home directly instead of listing it on MLS in York.
1. You’re in a Hurry to Sell Your Property
If you need to sell your home within a specific time frame, listing it on the MLS won’t allow you to control your closing date. Several factors and steps go into listing your York, SC home. The York SC market is good, but depending on where the home is in York and the house’s condition, you may have to wait. Redfin’s latest report in December indicated that the median days on market for a home in York SC is 49.
There are several scenarios where skipping the MLS process is the best way for you to handle unwanted property. Such as an inherited home that you don’t plan on living in. A vacant house can be a target of vandalism and squatters. Foreclosures and relocations can also dictate how much time you have to get your home sold.
A family in York County recently sold their home directly to JMS Home Buyers because they were leaving the country. They had retired and were moving to Thailand to be near family. The stress of moving out of the country and selling the home prompted them to seek out direct home buyers like Offer Pad, Mark Spain, and JMS Home Buyers. They wanted to close on a specific date and have the ability to live in the home a few days before they departed. Selling to a direct buyer allowed them to find a buyer immediately that agreed to their terms.
If you choose to sell your home on the MLS you’ll need time and patience. The real estate agent will need time to schedule the professional photos for marketing and find a qualified buyer for your property. Once a buyer has made an offer, you will await on the bank’s approval for their loan. Once an offer has been accepted you’ll need to give the buyer a due diligence period for their inspections and appraisal. Rock Mortgage reports on average most closings happen 45-60 days after the offer has been accepted.
The option to sell your home directly may let you close quickly but you need to be aware that there is a cost to choosing convenience or time. Home buyers are paying cash and they buy for profit. A cash offer allows you to sell your home quickly but investors are buying for profit. Anytime you are not in a hurry to sell your home we recommend listing your home.
2. Your House Needs A Lot of Work
The most common reason people in York sell their home directly to a buyer is because of its condition. The classic fixer upper or the ugly house on the street. We don’t refer to them as ugly houses. We like to think they are homes that need a little love and lots of money put into them. In simple terms, they need work. They need cosmetic updates and other costly repairs.
If you have a timeline as to when you need to sell and you are facing the burden of spending money on repairs it might be time to sell your home directly to a cash buyer. Cash offers from direct buyers are based on the current condition on the home.
3. You Don’t Want to Pay Agent Fees and Expenses
Do you want to cut out the middleman and save on added fees and commissions? If you are the kind of person that likes simple straight forward contracts and the price is the price, selling direct will make sense to you.
When you list your home on the MLS, you’ll pay real estate agent fees, which can add up quickly. On average, real estate commissions here in York range from 5% to 6% of the sale price of your home. If you sell your home for $500,000, you could pay up to $30,000 in agent commissions. The advantage to selling to a direct home buyer is no fees, no commissions and potentially no closing costs.
4. You Want to Avoid Open Houses and Property Showings
Can we all agree there are times when we don’t want our lives posted on social media? And we don’t have time to schedule our lives around open houses and last-minute showings. When you are hurrying to sell, you’ll have more on your mind than keeping the house clean for those unexpected showings. When you list your home on the MLS, you’ll need time commitment to keep the home in order.
However, if you sell your home directly, you skip the stress of open houses and showings altogether. When you sell your house without a York real estate agent, you can work directly with a buyer, meaning there’s no need for open houses or property showings. The only people who will need to see the house is us… you can skip the Saturdays of having strangers parading through your home.
5. You Want to Have More Control Over the Sale
When you list your home in York on the MLS, you’ll have less control over the sale of your home. Your agent will be responsible for negotiating with potential buyers and managing paperwork associated with the buyer’s agreement and closing documents.
However, if you sell your home directly, you can have more control over the sale. When you sell your house directly, you negotiate directly with the buyer, set your terms and conditions, and have more control over the entire process. The purchase agreement between you and a direct buyer can be as a simple one-page contract. A simple arrangement that everyone understands.
When it comes to selling your home in York, listing it on the MLS is usually the most favorable option for most homeowners. However, we understand that it may not be the best choice for everyone.
If you need to sell your house in York quickly or want to avoid repair costs, selling your home directly may be the simple solution you are looking for. When you sell your home directly, you can sell it quickly, as-is, without real estate agent fees, without the stress of open houses and showings, and with more control over the entire process. If this sounds beneficial to you, we’d love to help. Reach out to our team today to learn more! 704-707-6016