Common Problems When You’re Not Selling Your House Directly to Buyer

If you don’t know a lot about real estate or the housing market, you might be tempted to sell your house through a real estate agent. However, adding another party to your home-selling process can complicate things significantly. Here are a few common problems that you might encounter when you’re not selling your house directly to a buyer. 



Expensive Advertising

First, when you’re not selling your house directly to a buyer, such as a cash buyer, relative, or friend, you’ll have to spend a lot more time and money on advertising. Since you don’t have a buyer that is already interested in buying your house, you’ll need to put in some effort to get offers on your house. Traditionally, you’ll need to fix up your home, stage it, photograph it, and then post different advertisements using those photos. This will help to attract buyers when you’re hosting a home tour. However, your advertising efforts can get quite expensive very quickly. Knowing a buyer that will purchase your house can save you from spending so much time and effort on this step. 

Commission Fees

Another common problem that you might experience when you’re not selling your home directly to a buyer is the expensive commission fees that real estate agents charge. You might think that a real estate agent will help you to find a better buyer and offer. However, real estate agents charge so much money in commission fees, they’ll actually end up cutting into the profit you’re making on your home sale. Most real estate agent commission fees are around 5-6% of your home sale price. This can end up costing you tens of thousands of dollars. While you might think that percentage isn’t that high, you could really need those tens of thousands of dollars to pay for closing costs and down payments on your new home. 

Elaborate Closing Costs

Finally, when you’re not selling your house directly to a buyer, the closing costs and processes can quickly get elaborate (not to mention unaffordable.) Your closing costs will typically cost 3-6% of your full sale price, not including real estate commissions. These costs can include anything like loan fees, appraisal fees, insurance costs, title insurance, inspection fees, and more. Your closing can also be delayed if your buyer needs to get a loan to afford to pay for your house. If you want a quick, affordable closing process, sell your house directly to a cash buyer instead and you could save tens of thousands of dollars. 

Remember, these are just a few of the problems you could run into when you’re not selling your house directly to a buyer. You can avoid expensive advertising, commission fees, and elaborate closing costs by selling to a cash buyer instead. A cash buyer can help you to have an easy home sale while saving you lots of money and time. 

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