Considering selling your property? Discover whether working with an investor or engaging a real estate agent is the right choice for selling your home in Edmonton!
The real estate landscape is evolving, offering more options for home sellers. In addition to listing your home with a Edmonton real estate agent, you now have the opportunity to sell directly to real estate investors who can expedite the purchase process. Both avenues have their advantages and drawbacks. By presenting sellers with multiple choices, the YEG Home Buyers team can efficiently assist property owners in Edmonton with selling their homes, irrespective of the property’s condition, location, or circumstances.
Why Opt for a Edmonton Real Estate Agent
Collaborating with a real estate agent in Edmonton can potentially help you secure the best selling price for your home. A traditional sale typically takes time, so sellers should consider the holding costs and other expenses incurred while the property is on the market. If the seller is comfortable with the upfront costs and potential wait, listing the property can be a viable option! The reason sellers often get the best price when going with this option is because when you list with a realtor, the property will go on the MLS, where a large number of people see it – in this way you have the highest chance of getting your property in front of the person that is willing to pay the most for it.
Best Suited For: Individuals aiming for the highest possible selling price. They should be willing to make property repairs, stage the home, conduct showings, and wait for an unspecified duration. In exchange for the higher selling price, sellers working with a Edmonton real estate agent should expect to pay around 6% in agent commissions and an additional 2% in closing costs.
Benefits of Working With a Local Property Buyer
For those in need of a fast sale or requiring a specific closing date, selling directly to a property buyer could be the optimal choice. Listing a property in Edmonton offers no guarantees. Selling your home directly to YEG Home Buyers allows for a quick liquidation without any associated costs. There are no commissions, ongoing holding expenses, listing fees, or closing costs to worry about. While the offer may not be at full retail value, factoring in the time, money, and stress saved, both options can be financially comparable.
Our team specializes in assisting individuals facing probate, tax issues, liens, code violations, foreclosure, or difficult tenants. For sellers in such scenarios, a hassle-free and cost-free sale could be the ideal solution they’ve been seeking.
Analyzing the Figures
Opting to list your property will likely yield more profit. However, sellers should be aware of the upfront costs involved. Often, when listing with a Edmonton real estate agent, sellers must:
- Invest time and money in repairs to prepare the property for listing
- Possibly undertake upgrades to enhance the property’s competitiveness in the market
- Cover ongoing expenses such as taxes, HOA fees, homeowners insurance, utility bills, and regular maintenance
- Be responsible for a 6% commission upon the property’s sale
Selling your house directly in Edmonton won’t cost you anything either upfront or after the sale. This can mean the difference between spending thousands of dollars or keeping that cash in your pocket.
Your Time Commitment
In addition to cash upfront, listing with a Edmonton real estate agent will also cost you your time. You will be required to keep the house clean for property showings which will occasionally happen last minute. If you are using an FSBO listing, you will need to be prepared to screen calls, answer questions, and make yourself available to show the property. You will also have to spend a good amount of time marketing the property, ensuring it is seen by your potential buyers.
With a direct sale to YEG Home Buyers, you won’t have to spend any time on the sale of your house. We will make an offer and leave the rest up to you. If you decide to sell, we can close in only a few short days. Take what you want and leave the rest behind. We’ll handle the paperwork, your unwanted items, and any repairs that are needed for the home.
Final Thoughts…
When it comes down to it, both selling methods have their pros and cons. As a home seller in Edmonton, it is important that you run the numbers for your specific property and situation before committing to a selling method. If you have questions about how to sell your house in Edmonton, our team please feel free to contact our office at any time!
In summary, selling your property in Edmonton can be done through various methods, including working with an investor or a real estate agent. Listing with a real estate agent can help secure the best selling price, but it may involve upfront costs and potential wait times. Selling directly to a property buyer offers a quick liquidation without commissions, ongoing holding expenses, listing fees, or closing costs. Both methods have pros and cons, so it’s important to run the numbers for your specific property and situation before committing to a selling method.