How to Sell Your House Without a Real Estate Agent
Hiring a real estate agent to sell a house is considered a standard in the real estate market. There are several reasons for this. An agent can manage the marketing and selling of the house, help you find a buyer, give you some good advice, and protect your interests when negotiating with buyers.
However, an agent costs nearly six percent of the home’s sale price in commissions. Plus, an agent cannot guarantee when or if you will sell your house. If you need to sell your house fast or need to get out of your mortgage, an agent may not be able to speed up the process if no buyer is knocking on your door.
Without an agent, there may be a better way to sell your house.
Sell Your House Directly to a Company That Buys Houses
A company that buys houses is a team of professional buyers that can make an offer on your house, pay cash, and close the sale quickly. You sell your house directly to the buyer without a real estate agent to broker the deal. So, the transaction is personal and private. This type of real estate transaction is known as a cash home sale.
A cash sale is the easiest way to sell your house and only requires a few steps.
- Contact the buyer to set up a Q&A over the phone or a property walkthrough.
- Let the buyer appraise your house based on its current market value.
- Get a fast cash offer from the buyer, usually within 24 to 48 hours.
- Accept the offer, sign the paperwork, and close the sale.
- Get paid by the company.
A cash sale requires fewer steps to land a deal with a buyer. You don’t have to hire a realtor, list the house, repair and stage the house, find a buyer, negotiate the sale, and close the sale. Instead, you simply accept an offer from a pre-qualified, professional buyer and close the sale.
Why Can I Just Do a For Sale by Owner (FSBO)?
Although you eliminated a real estate agent from a For Sale by Owner, there is a difference between an FSBO and a cash home sale. You have to do the following in an FSBO:
- Repair or upgrade the property
- List the house on the market
- Find a buyer
- Negotiate the terms of the sale
- Close the sale
In an FSBO, you still have to make repairs, deal with multiple potential buyers, market the house yourself, and pay closing costs. A cash sale eliminates all these expenses and needless steps to selling your house and getting out of your mortgage.
What Are the Benefits of Selling My House Without a Real Estate Agent?
There are several advantages of selling your house without a real estate agent.
You Don’t Have to Pay Realtor Commissions
A real estate agent typically pulls in five to six percent of commissions on a house sale. Let’s say you sell your house for $200,000. A six percent commission would be $12,000. That’s a lot off the top of your sale price. There is no real estate agent in a cash sale. You don’t have to pay commissions.
A Cash Sale Is Guaranteed
Even the best real estate agents cannot guarantee if and when you will sell your house. You can do all the right things, and it can still take months to find a buyer. A cash sale is guaranteed. Once the buyer makes a cash offer, they will follow through with the purchase. You don’t have to wait around, hoping someone will call to look at your house.
Skip the Realtor and Call Local Guy Buys Houses Instead
Instead of hiring a real estate agent to sell your house, call Local Guy Buys Houses. We can appraise your property, make an offer, and close the sale in as little as seven to 21 days. Call 855-205-5999 today to get a fast cash offer.