Now you’ve decided that it’s time to sell your house. Should you at this point hire a real estate agent or broker to sell your house in Winston Salem , NC? If so, are you prepared to pay large commissions? Are you ready to wait it out long enough to receive an offer? How long will this process take before your are able to close? What repairs are you willing to make to satisfy the buyer or bank, if the buyer is not a cash buyer? How does your house look to you coming and going? Are you available to show your house with 24-hour notice, or short notice? How do you feel about strangers walking through your house and often touching personal items?
Most importantly, what is your time frame in selling your property? Are you looking to sell now, in six months, or maybe in the next 12 months? These are important questions to ask! So, let’s get into the pros and cons of hiring an agent to sell your home in Winston Salem.
The Benefits of Selling For a Cash Offer
- Receive a Competitive cash offer in 24 hours
- There is no listing, prep work or showings
- Skip the repair work and save time and money.
- You are free to choose any closing date from 14-60 days out. We close Quick. So you are able to get paid Quick!
When is the best time to sell your house in Winston Salem?
The best time to sell your house in Winston Salem, NC, often depends on various factors, including market conditions, personal circumstances, and your specific goals. Generally, the spring and early summer months tend to be popular for home sales in Winston Salem, as the weather is pleasant, and properties often showcase their best curb appeal. However, the local real estate market can also remain active throughout the year due to the city’s steady growth and demand for housing. It’s advisable to do your due-diligence for insights into current market trends and help you determine the optimal timing for your home sale based on your unique situation.
Commissions and Fees
Real estate agents are paid on a commission based basis. And this is based on the percentage that you (the seller) pays them from what you will receive from your proceeds at closing. If you prefer not to use a real estate agent, you pay no commission and you are able to keep most of what you are selling your house for at closing, minus any lien, judgements, or taxes owed. So this would mean thousands of dollars in savings! Commission is usually 3% per side (buyer and seller), or possibly 6% on the seller’s side alone. So if you sell your house for $400,000, you would have to pay $24,000 in commissions to the agent alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the broker’s office. Cash buyers and/or Real estate investors typically do not charge a commission or transaction fees, and if they do, it is extremely low in comparison to using an agent.
Waiting Time Frame
Real estate agents do have access to the MLS – multiple listing service, this service allows your property to be seen by others brokers and agents and displays certain features of a/your property. This may sound or seem great, but if this option is chosen, how long with your property sit on the market? How fast or often will you receive offers? Real estate investors, cash buyers and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit another cash buyer they are connected with. This means that there is very limited waiting time for an offer to come your way. Also, when you sell your house in Winston Salem , NC to cash house buyers, they will typically close faster than traditional house buyers seeking conventional financing, and they usually the cash is readily available to be paid at closing. Traditional house buyers usually require qualifications from banks, mortgage underwriting time, property inspection or/and appraisals and the buyer may not end up qualifying in the end. That’s a lot of waisted time and effort.
Inspections & Repairs
Cash house buyers in NC will usually purchase houses as-is with no needed repairs. For the seller, this would mean that you do not have to worry about repairs before closing or any other additional expenses you were not planning on. That would mean that you as the seller would be getting most of what the buyer is offering you at the closing. That’s money in your pocket verses money leaving your pocket before you are even paid at closing. There are some companies that do not require inspections which makes it a truly as-is transaction. However, when dealing with banks and other institutions, they often will require an inspection and/or an appraisal on the property. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. Again, If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
Showings
If you do decide to use a cash house buyer in Winston Salem , NC, you will not worry about going through an emotional roller coaster. There are no “out of the blue”, middle-of-supper phone calls asking if you are available to show your house “today”. You won’t have to worry about leaving your house spic and span every day before heading to work, just in case there is a showing while you’re gone. And while you are gone, you won’t have to worry about strange people walking through your property while you are away. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about your agent constantly telling you that you may have to lower the price to attract more people to walk through your home taking pictures and touching some of your personal items.
There is a lot to think about when selling or preparing to sell your home. But at the end of the day, you will want to know which avenue to take and who you would like to join you on this journey. We can help you decide which avenue would be best for you.