The decision to sell your home is a big one. Now that you’re ready to sell, you must consider the method you select to sell your home. While
most homeowners first thought is to call a licensed real estate agent,
why not consider the alternative of selling to a professional investor,
like those at Cardinal Creek Properties.
Real estate all comes down to the numbers, so it is helpful to understand the differences in the costs between selling your Belleville
house with an agent versus to an investor.
Agent –
Marketing expenses for selling your Belleville house with an agent are part of the listing contract. They outline all of the steps that the
agent will take towards selling the home, which can vary significantly
by property.
Listing costs will include anything you must do to prepare to sell your Belleville house with an agent. These listing costs could consist
of simple cleaning so that it is in ready condition for showings, to
significant updates to the home’s interior, appliances, or more. Often,
an agent will recommend sellers invest in renovations modernizing the
features of a home to meet the demands of technology. Other amenities
they may suggest space for two home offices or even the addition of a
study area for school-aged children.
Repairs for any issues with the house will come out of pocket before closing. If the inspection revealed problems with your home that you
were previously unaware of, you would also have to pay to complete these
repairs. Otherwise, the lender will not approve the loan in many cases.
Alternatively, you can expect the buyers to respond with their
estimated costs for these repairs deducted from the offer. Avoiding this
surprise can be achieved by hiring an inspector.
Staging expenses cover the cost to depersonalize the space, which enhances selling your Belleville house with an agent. Buyers who tour
the home can easily imagine themselves occupying a home free of personal
items or showing a distinct personal taste in decor. You may also
encounter storage costs to clear your home of excess belongings.
Advertising expenses should be discussed and agreed to before signing the contract when selling your Belleville house with an agent. These
costs include professional photography for the high-quality images
buyers have come to expect as they search listings online and
professional drone pilots to provide 360-degree virtual tours.
Commissions are paid for professional services provided, including marketing, paperwork, arranging for inspections, appraisals, and doing
all of the footwork to bring a buyer to the door and finally the closing
table when selling your Belleville house with an agent. You can expect
to pay a total of around 6 percent of the sales price in commission.
Holding costs for the duration you have listed your Belleville house with an agent can quickly add up, especially if you have had to
relocate. Suppose your reasons for selling are financial. In that case,
the longer that the listing lingers on the market, the more monthly
payments for the mortgage, insurance, and taxes, and all of the
utilities you will continue to carry. The strain of this situation can
cause restless nights and extreme stress for your entire family.
Investor –
An investor has none of these expenses! And because investors pay cash and buy your house as-is in most cases, you can close fast,
sometimes in a matter of days!
With little closing time to worry about, it is easy to see how selling your Belleville house to an investor like the professionals at
Cardinal Creek Properties saves you time and money! Ready to sell your
Belleville house? Call Cardinal Creek Properties at (314) 467-8137 or send us a message today!
