Are you thinking about selling your house? Here’s how to know if you should work with an investor or hire a real estate agent to sell your house.
The real estate industry is changing (especially in Durham), and we believe this will only benefit home sellers. You now have options! Today, not only can you list your house with a real estate agent, but you can also work with real investors who are able to quickly buy your property directly. Like anything, there are pros and cons to each. By providing the seller options, professional investors (like VentureStack) are able to help property owners in Raleigh-Durham effectively sell, no matter the condition of the house, the location, or the situation.
Why Work With A local Real Estate Agent
Working with a local Raleigh-Durham or Raleigh agent can potentially help you receive the highest sale price for the house. No doubt about it. A traditional sale usually takes a while, so sellers should be aware of the holding costs and other expenses they will face while their home is on the market. As long as the seller doesn’t mind the upfront costs and the potential waiting, a listing can be a great option! This method is tried and true for a reason.
Who It’s For: People who want to get the highest sale price possible. They shouldn’t mind making repairs to the house, staging, showing, or waiting for an unknown period of time. In exchange for the higher sale price, people selling with an agent should be prepared to pay about 6% in agent commissions and another 2% in closing costs.
Why Work With A Local Property Buyer?
For those who need to sell quickly or before a specific date, working with someone to buy your house directly (off-market) will likely be the best way to go. Listing your house, even in a market like Raleigh-Durham comes with no guarantees. When you sell your house directly to a company like VentureStack, you will be able to liquidate your house quickly without any costs or fees whatsoever. The price we offer is the amount you receive. You will not have to pay commissions, continued holding costs, listing fees, or even closing costs. The flip side is that we can’t pay full retail, as we have to make a profit at the end of the day (like any business). But – when you factor in all of the time, fees, commissions, and stress you are saving, both options can prove to be pretty similar from a financial perspective.
We are experts at solving real estate problems. Specifically, helping those dealing with probate, tax problems, liens, code violations, foreclosure, or bad tenants. For sellers in these sorts of situations, a convenient and cost-free sale can be the solution they have been waiting for.
What The Numbers Say
When it comes down to it, listing your house with an agent will likely bring in more cash. However, there are many costs upfront home sellers will face and that they should be made aware of. Often when listing your house with a Raleigh-Durham agent, you will have to:
- Spend time and money on repairs to get the house ready for the MLS
- Have in-person tours in your house, interrupting your schedule.
- Make upgrades so that the house is competitive with others on the market
- Pay the continued holding costs for things such as taxes, mortgage, homeowners insurance, utility bills, routine maintenance.
- When the house sells, you will be on the hook for about a 6% commission
Selling your house directly in Raleigh-Durham won’t cost you anything either upfront or after the sale. This can mean the difference between spending thousands of dollars or keeping that cash in your pocket.
Your Time Commitment
In addition to cash upfront, listing with a Raleigh-Durham real estate agent will also cost you your time. You will be required to keep the house clean for property showings which will occasionally happen last minute. If you are using an FSBO listing, you will need to be prepared to screen calls, answer questions, and make yourself available to show the property. You will also have to spend a good amount of time marketing the property, ensuring it is seen by your potential buyers.
With a direct sale to VentureStack, you won’t have to spend any time on the sale of your house. We will make an offer and leave the rest up to you. If you decide to sell, we can close in only a few short days. Take what you want and leave the rest behind. We’ll handle the paperwork, your unwanted items, and any repairs that are needed for the home.
When it comes down to it, both selling methods have their pros and cons. As a home seller in Raleigh-Durham, it is important that you run the numbers for your specific property and situation before committing to a selling method. If you have questions about how to sell your house in, our team please feel free to contact our office at any time. We’re located in downtown Durham.