There are a number of costs that go into a traditional home sale. Sometimes the expenses simply aren’t worth it. You need to know what’s the cost of your time versus the return you will get from the home sale. Learn more about what to expect in our latest post!
When homeowners to choose to put their houses on the MLS with a Pensacola real estate agent, there are often costs they aren’t aware of and are unprepared for. Below we will discuss the costs you should expect for a home sale in Pensacola with a traditional listing and when it makes sense to spend the money. We will also provide information about the alternatives out there that can benefit you!
Costs You Can Expect For A Home Sale In Pensacola
Of course, there are the traditional costs homeowners can expect when selling houses in Pensacola. You might factor in commissions and fixing up the property, but there can be costs far greater than that. A commission will usually eat up about 6% of your final home sale price, which alone is a high amount of money. But when you add in things like professional cleaning, marketing, photography, staging, landscaping, and you holding costs for things like taxes, utilities, and insurance, you might find that it is better to sell the property sooner rather than later. And that’s not including the closing costs which will amount to another 1-3% of your final sale price on average!
When listing your house in Pensacola, the costs will vary based on the property and the competition. It is up to you to explore your selling options so you can ensure you are making the best decision for your situation and property.
When you have a home sale in Pensacola, Florida or any of the surrounding cities like, Milton, pace, Cantonment, Gulf Breeze, Navarre, Fort Walton Beach, Crestview, Niceville, Destin Florida, Panama City, and more. You will find that there’s a lot more than just listing your house with a realtor without expecting unexpected expenses.
For example. When you want to sell your house fast in Pensacola, and you think you about one week away from closing. You will get the report of the house inspections with a list of repairs. And this is no big deal if your have a lot of money to spare. Because you will have to pay for those repairs before you get to see your money at closing. What if the person who want to sell a house doesn’t have the money for those repairs?
Then this is would be a problem if the buyer is getting a loan. Because some loan have to have everything repaired before they pay a penny for the house like VA loans. If the lenders or loans won’t have a problem for minor repairs, then likely, the home buyer with request a discount from the sale price for those repairs! Every homeowners want to get off cheap at closing without a lot of expenses which is fine and is nothing wrong with that! But more often than not, home sale in Pensacola or any where nationwide will cost the homeowners more money than they anticipated.
When It Makes Sense To Spend On A Home Sale
If your house needs little to no work and is in high demand, it can pay to list with a Pensacola real estate agent. Make sure you are hiring both contractors and an agent whom you trust and can count on to get the job done for you.
Paying for minimal repairs while feeling confident you will get your asking price is a no-brainer. However, if there is a lot of competition or if the property requires a lot of money to fix-up and repair it may not make sense to spend all the extra cash. Many people think that listing will be their best choice, but realistically, this isn’t always the case. Some properties will fare much better by being sold directly.
For home sale in Pensacola, Florida or anywhere nationwide you will have 2 options. In those options will greatly depend on two conditions. First, your financial condition, and second your house condition.
A lot of people will come up with their own conclusion specially on social media about home sale and what goes around the real estate market without having any knowledge about housing market and much less about the real estate market.
When it comes to a home sale in Pensacola or anywhere nationwide. there are two factors that will determine in which path homeowner should take. First is your financial condition and second like I mentioned above is your house condition. When it comes to your financial condition. What would you do if the buyer has a VA loan and the inspection came back with a long list of repairs and you don’t have the money for those repairs?
You need to have more money than just repairing your house just incase of last minute surprises. This way you won’t waste your time with a buyer who’s getting a loan and not in control of the buying decision because he doesn’t have the money to be in control! you dig!
Second factor to determine the route you should take for the home sale in Pensacola is the house condition. When you want to sell your house in Pensacola, Florida or anywhere you need not to waste your time listing your house with an agent if your house needs a lot of repairs because you’re not going to get a full price for the house because lenders will want a house in a mint condition! Therefore, to put their money against the house! Or should I say your money indirectly? But this is another subject that I need to write another article for it lol.
When it comes to a home sale in Pensacola or anywhere, don’t believe what you will see in the social media about people don’t have any knowledge about the housing market and then rant about what rout homeowners should take when they want to sell their homes when in fact most of people who spend most of their time on social media haven’t bought or sold more than a house in their entire life if that to begin with.
You need to believe in two things when it comes to a home sale in Pensacola or anywhere and when you want to sell your house. What’s your situation and what’s your house condition. Believe the facts but not the rant on TV or social media.
Home Sale And Alternatives To Listing Your House In Pensacola
When we’re talking about home sale. The best alternative to listing your house in Pensacola is to sell it directly to a professional home buyer. When you work with a professional buyer to sell your house directly like Quality Properties Of Northwest Florida LLC, you will be able to avoid things like repairs, commissions, and the continued closing costs. When you add it all up, this can amount to thousands of dollars you are able to keep in your pocket!
Selling directly to a trusted home buyer in Pensacola, Florida also benefits those who don’t have the time to facilitate a traditional sale with a Pensacola real estate agent. Some people need to sell their houses quickly, and in these cases, a listing may not be the best choice.
When you want to sell your house, Keep in mind that not all home buyers are the same. When you choose to work with the team at Quality Properties Of Northwest Florida LLC, you can always ensure you will receive a great offer for your house no matter what condition it’s in.
At Quality Properties Of Northwest Florida LLC. We believe in paying fair prices based on the current real estate market combined with the condition of the property. By avoiding commissions, repairs, and all of the other costs of a traditional listing, you may find that for a home sale that a direct sale is the opportunity you have been waiting for! Get in touch with us today for a direct offer for your Pensacola house!
