When looking to sell your house in Chattanooga, TN, it’s a good idea to consider your options to make the home selling as smooth as possible. Rather than hiring a real estate agent, you may want to consider selling your house to a home buyer if you want to save time and money.
When it comes to selling your home, there are a number of differences between using realtors and using home buyers. You’ll be surprised at how much you can save when you make the right choice.
Selling Your Home With a Realtor
It is common for homeowners to turn to realtors to sell their homes without truly understanding the expenses involved. It’s true- realtors can take on the most important responsibilities in the sales process, relieving homeowners from extra work. However, working with realtors also involves paying commissions and dealing with additional costs you may not have considered. A few of the most common costs associated with realtors are listed below.
Commissions
Realtors’ commission fees are the highest cost associated with their services. In most cases, this is between 3-6%, depending on the home’s final sale price. Your real estate agent’s commission will also be higher if they are more experienced and qualified.
Closing Costs
When working with a realtor, you must pay closing costs as the homeowner. The amount can be as high as 7% of the sale price of your home and vary based on taxes, insurance, paperwork, and other fees.
Repairs & Improvements
You will need to invest in repairs if your house needs improvement to make it more appealing to potential buyers. This can mean thousands of dollars to fix a property with severe deterioration.
Cleaning & Staging
Showings are part of the realtor’s process of showcasing your home to potential buyers. In addition to the expenses associated with staging and cleaning your home for showings, you must dedicate your time to them. Additionally, the process of closing a deal can take many showings.
Time
Moreover, hiring a real estate agent can cost you a lot of time. You may have to wait months or years before getting an attractive offer. Even then, the closing date may be up to 60 days after the buyer accepts the offer. Meanwhile, you may be anxious to make plans with the sale proceeds.
Selling Your House Without A Realtor
We can safely assume that you would like to avoid all the surprise costs associated with real estate sales. Luckily, you have another option to sell my house fast in Chattanooga, TN, without incurring costly fees.
When you work with cash home buyers in Chattanooga, TN, you get a quick and cost-effective alternative that allows you to sell your home for cash in record time.
No Commission or Fees
You do not have to pay any additional fees or commissions since the offer is directly between you and the home buyer.
No Repairs or Improvements
Home buyers are willing to accept your home as-is, so there is no need to give the home a facelift to sell. You’ll be able to save thousands of dollars on the repairs your home needed to be sold through a real estate agent.
No Cleaning or Staging
Since the home is bought as-is, home buyers take care of everything, including cleaning and maintenance. This can be extra advantageous if the house is cluttered and messy.
No Long Waiting Times
Best of all, when working with home buyers, you don’t need to wait months or years to get an offer to close the deal. You can get cash in your hands in as little as one week and even choose the closing date based on your convenience.
We Buy Houses in Chattanooga, TN
With Favor Home Solutions, you’re guaranteed an amazing home-selling experience in Chattanooga. We will provide you with a cash offer for your home in no time and will ensure you get the best price. Reach out to our team today!
