First, we want to say that a traditional listing is a great option for certain situations. However… did you know there is another way to sell your home? Rather than listing it with a real estate agent, you can sell it directly in only a matter of days. Read on to discover five reasons why you shouldn’t hire a real estate agent to sell your house in Memphis.
Showings Can Be Burdensome
Don’t relish the idea of millions of strangers viewing your property online? Rather not have people walking through your home? Avoiding the discomfort of showing your home to the world is a significant reason why you shouldn’t hire a real estate agent to sell your house in Memphis. Another headache of the showing process is the inevitable middle of dinner call from an excited agent who has a buyer with them right now! Not to mention upping the stress level in having children, pets, and several people’s schedules to work around and clean up after. Living moment to moment in an absolute picture-perfect home takes a great deal of time and energy to maintain. There are no showings by working with a direct buyer like iBuyHousesMemphis.com.
Time on the Market
A real estate agent can advise how long their listings average on the market and the current average time on the market for all listings in Memphis. They cannot tell you when your home will sell. The longer a listing lingers on the market, the lower the actual sales price is likely to be. If or when a buyer will come along is unknown, and this uncertainty is not a good feeling, which is a huge reason you shouldn’t hire a real estate agent to sell your house in Memphis. A direct buyer like iBuyHousesMemphis.com pays cash and can close in as little as 30 days or less
Real estate agents are paid well for bringing you a buyer. Paid to two agents in a traditional real estate transaction, the buyers’ agent and the sellers’ agent split the commission based on the purchase price. The average percentage of commission paid from your sale is around seven percent, along with other fees and closing costs, which all come off of the top at closing. The average sales price of a home is near $350,000, equating to $24,500. Paying this exorbitant amount is another reason why you shouldn’t hire a real estate agent to sell your house in Memphis. A direct buyer like iBuyHousesMemphis.com doesn’t charge commissions.
A real estate agent’s marketing expenses, which you pay, usually include listing on the top websites, requiring high-quality images. To achieve your agents’ demands, you’ll need to hire professional photographers, drone pilots and pay for whatever updates, upgrades, or repairs they may deem necessary. Additionally, you’ll be laying out a tidy sum for professional staging expenses. These expenses are why you shouldn’t hire a real estate agent to sell your house in Memphis. You can save the money you’d have spent on marketing by selling to a direct buyer like iBuyHousesMemphis.com.
Repairs are a reason why you shouldn’t hire a real estate agent to sell your house in Memphis because you carry the upfront out of the pocket expense. As the seller, you’re responsible for repairs the buyer’s lender may deem necessary after paying for the professional inspection. If you’d prefer instead not to pour money into the home you’re ready to sell, a direct buyer like iBuyHousesMemphis.com will buy your house in Memphis as is. You can just pack what you like and leave your worries behind.
Listing your home for sale on the market is expensive, time-consuming, and can be extremely frustrating. iBuyHousesMemphis.com offers a much more straightforward and direct process. Send us a message or call 901-244-4773 today for your offer!