You’ve decided it’s time to sell. Should you hire an agent to sell your house in Edmonton, AB? Do you want to pay large commissions? How long are you willing to wait for the house to receive an offer? How long will it take to close? What sort of repairs will you have to make? How does the house look when I leave for work in the morning? Are you available to show your house with 24-hour notice, or less?
Commissions and Fees
When selling your house in Edmonton, AB, you may consider the significant savings by not using a traditional real estate agent. Real estate agents often charge a commission of 7% of the first $100k of the sale price, and 3% of any sell price above and beyond that, amounting to thousands of dollars. For instance, on a $400,000 sale, you could be paying $16,000 in commissions alone, in addition to seller’s closing fees and other transaction costs. In contrast, real estate investors in the Edmonton area typically do not charge high commissions or transaction fees, offering you potential cost savings.
Time to Sell
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Real estate investors 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 one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Edmonton, AB to house buyers, they will typically close faster than traditional house buyers, and usually pay in full cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection, and the buyer may not end up qualifying in the end.
Inspections & Repairs
Looking to sell your house quickly in AB? Professional house buyers in AB offer a hassle-free solution by purchasing houses as-is. This means you can skip the stress of making repairs before closing or unexpected expenses. Some companies even waive inspections, ensuring a truly as-is transaction. On the other hand, when using a real estate agent, the buyer’s agent typically orders a property inspection. If any structural issues are identified, you might be required to cover the costs of repairs before the sale is finalized.
Showings
By partnering with a reputable home buyer in Edmonton, AB, you can bid farewell to the emotional turmoil associated with traditional selling. No more unexpected disruptions during meal times requesting sudden showings. You no longer have to maintain your property impeccably every day for potential surprise visits. Eliminate uncomfortable interactions with buyer representatives and intrusive inquiries. Put an end to disputes with buyers concerning personal items and furnishings.
There are a lot of situations to think about when you are ready to sell your house. We can help you decide which avenue would be best for you.
In summary, when selling your house in Edmonton, AB, real estate investors typically do not charge high commissions or transaction fees, offering potential cost savings. Professional house buyers in AB offer a hassle-free solution by purchasing houses as-is, avoiding the stress of making repairs before closing or unexpected expenses. Some companies even waive inspections, ensuring a truly as-is transaction. Partnering with a reputable home buyer can eliminate emotional turmoil associated with traditional selling, such as unexpected disruptions, showings, and disputes with buyers. Consider various situations when you are ready to sell your house and find the best option for you.