Hiring A Real Estate Agent vs. A Direct Sale To Sell My House Fast in Louisville KY

Fees and Commissions

Selling a home can be a long process. From hiring a real estate agent to closing on a final deal, selling a home is rife with red tape and detailed requirements. Yet while most buyers want a home that's habitable right away and has little needed in the way of repairs, more sellers these days are putting their homes up as-is to skirt the need to fix up the place and still getting more than their asking price. (1)

The typical commission that real estate agents receive is based on the percentage of the sale price that they negotiate with the buyers and sellers. If you don't use an agent, you will not receive commissions. You can save thousands of dollars by not having to pay an agent. For instance, if you sell your house for around $400,000, you would be required to pay around $24,000 in commissions alone. 

Besides the regular closing fee, other transaction fees, such as the appraisal and contingency fees, are also included in the fee. Unlike other real estate investors, cash home buyers don't charge transaction fees. It means that they can save you a lot of money. 

The typical real estate agent receives a commission based on the percentage of the sale price. It is different from other fees that their broker or company may charge. If you sell your house for around $400,000, you will most likely have to pay the commission in full and the other transaction fees, such as the closing fee. You might also be required to pay for professional photos and videos, as buyer's agents typically require inspections. These fees are usually the seller's responsibility. 

Time Frame

One of the essential advantages of using an agent is their access to the Multiple Listing Service, which allows them to search for properties with specific features. However, this may not be enough to get you the offers you want. It would be best if you also considered the length of time that it will take to sell your house and how fast it will get listed. 

One of the essential advantages of using an agent is that they can provide you with a quick and easy sale, which usually means you will receive offers within a couple of days. Traditional house buyers typically require a lot of qualifications, such as property inspection, mortgage underwriting, and bank approval. With an agent, you can get offers on your house much faster.

Unlike traditional listings, the closing date for a property in Louisville can vary depending on the market. Due to the nature of the process, there may be delays in closing due to the buyer's circumstances. One of the advantages of selling your house through a direct sale is that it will be delivered to you within a short period, eliminating the delays caused by financing issues or failed inspections. Our House Buyers can close the house selling deal in just seven days. Remember that we buy houses in Louisville KY.

Repairs and Inspections

In most cases, professional house buyers in Kentucky will purchase houses as-is. You don't have to worry about repairs or other expenses before the sale closes. Some companies do not require property inspections. When you use an agent, the buyer's agent will typically inspect the property before the sale closes. If they find something that needs to be fixed, they will typically require you to pay for it out of their pocket. 

Showing Appointments

If you're planning on selling your house in Louisville, you might consider making yourself and everyone else in the household invisible. However, getting ready to show your property after a long day at work can be stressful and time-consuming. Besides the agent handling the sale, you also have to deal with the buyers' agents. This process can be very time-consuming and stressful because you cannot control the situation. 

A direct sale is probably the best option if you prefer to be in charge of the process. You can decide when and how you want to show your property. You can also avoid worrying about keeping your possessions in the back of your house, as buyers would no longer have to "catch sight" of it and decide they want to "frustrate" you. If you decide to sell your property to a professional cash home buyer such as Kentucky Cash Home Buyers, you will not have to show it. We will discuss the sale over the phone and give you a cash offer within 24 hours.

Investing Before Selling

Before you put your house on the market, you must make your home more attractive to potential buyers. In addition to the exterior repairs, you must ensure that the house passes the inspection. If it doesn't pass the inspection, you might have to spend more on repairs to qualify for a mortgage loan. 

It would be best to consider adding curb appeal to your property. You might be required to pay for additional expenses such as staging it. You can additionally hire a professional photographer to take photos of your property. 

When you work with a professional buyer such as Kentucky Cash Home Buyers, you will not have to spend much on these additional expenses. We will buy your property as-is and require no repairs or updates. You can get a cash offer from us without spending much money on these additional expenses.