Ready to sell your house in Pensacola or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Pensacola!
What many people don’t realize, is that there are many ways you can go about selling your home. You are not required to hire an agent, pay commissions, or even clean-up. In some situations, an agent is great. While in others, a direct sale to a private buyer of investor is the better choice. Keep reading to learn about the pros and cons of hiring an agent vs. selling to an investor in Pensacola!
The decision to sell your home can be in some cases a difficult decision to make, especially first you think about selling your home. The decision you need to make is between hiring an agent vs selling to an investor. In this blog post, we’ll outline the pros and cons of both options so that you can make an informed and rational decision about which route to take.
Agent Pros
The first thing that might come to your mind when you decide to sell your home is to list your home with a real estate agent. Hiring a professional who has experience selling homes in your area can be good if the agent you hire is a professional, to begin with.
Working with an agent may require you to invest in repairs, staging, and other preparations for your home to appeal to potential buyers. Although you’ll have to pay a commission to the agent, they’ll facilitate the negotiations for you and help ensure you’re getting market value for the property. But let’s break it down for you below.
Potentially Higher Sale Price
When you work with a Pensacola real estate agent, there is a chance you will receive a higher final sale price than if you would have sold directly. This is due to increased exposure and the opportunity to tell more people about your house. Keep in mind, your costs will also be much higher, so run the numbers ahead of time to find out if listing really is the right choice for you.
Handling The Details
When you work with a professional and qualified real estate agent in the Pensacola area, they are sure to take care of the paperwork, showing, and marketing of your home. When you opt for an FSBO listing you will have to handle these things on our own. With a direct sale to Quality Properties Of Northwest Florida LLC, you can rest assured that we will handle all of the details too!
Agent Cons
Cleaning & Showings
Putting a home on the MLS requires it to be thoroughly cleaned before it is put on the market or seen by any potential buyers. In some cases, you will need to hire a professional cleaning company or rent special equipment for things like carpets and sidewalks.
Extensive Expenses
Not all agents are full service, leaving you with a laundry list of expenses to take care of. Some agents will only list the property, leaving you to handle the marketing, showings, open houses, printed materials, signage, and administrative costs. While this is included in some agent’s commission, in other cases, it is not.
It Can Take Months
One of the drawbacks of working with an agent is how long the process can take. It has a big portion of that will rely on the market conditions at the time of selling, it can take months to find a buyer for your home. Additionally, the repairing and staging processes can be costly, which can be a deal-breaker for some homeowners.
When you work with a Pensacola real estate agent, there is no guarantee if, or when the property will sell. In some situations, the house can sit on the market for a long time. This leaves you with the insurance, property taxes, mortgage, and utility bills for many months to come.
Investor Pros
Selling a home to an investor can be a great way if you’re in a hurry to sell. An investor usually has a cash offer that they’re ready to make which means you can avoid many of the lengthy sale processes such as traditional bank loans and loan contingencies that may hold up the sale.
Sellers also receive many benefits as selling to investors is a more straightforward and simplified process. Although the offer might be lower than what you would get listing your house on the market. But you will save on all of the out-of-pocket expenses such as an agent’s commission, repairs, and marketing efforts.
You must understand that real estate investors are in the business to profit from buying your home. It’s a business after all. Wouldn’t you want to profit from your business if you have one?
What I’m saying here is we have to be realistic with our expectations when we receive a cash offer on a house from a real estate investor.
Real estate investors spend time and money on the properties they buy. So expect a lower offer especially if the house needs repairs.
Moreover, you wouldn’t get more for the property on the market listed with an agent if the house needs repairs.
Let’s break it down of the cons and pro to selling to an investor.
A Fast Sale
When you sell your house directly to Quality Properties Of Northwest Florida LLC, you’ll be able to sell the property in days, not weeks or months. This can potentially save you thousands in holding costs. You will no longer need to pay for utility costs, homeowners insurance, property taxes, repairs, routine maintenance, and all the other expenses that come along with being a homeowner.
No Costs
Selling to a company such as Quality Properties Of Northwest Florida LLC will allow you to sell your Pensacola house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, helping you to keep a ton of money in your pocket.
Simple Process
Our process is simple and direct. You won’t have to deal with property showings, an unknown closing timetable, or delays in the transaction. Selling your Pensacola house doesn’t require you to spend money or live in limbo.
Investor Cons
Lower Sale Price
Take this one with a grain of salt. While the final sale price will likely be higher when working with an agent and private buyer, the costs you encounter can completely negate these profits. Marketing, repairs, commissions, and closing costs will eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to Quality Properties Of Northwest Florida LLC can be the more profitable choice.
Conclusion:
If you’re planning on selling your house you will be faced with a few options. Basically, homeowners will have to choose based on their own circumstances. Each homeowner has a different situation than the next one.
If you have the time and money to invest, working with an agent and going the traditional buyer’s route may be your best bet. If you want to sell quickly, then an investor may be the way to go.
Before you decide on what to do. Know your situation and understand the cons and pros of hiring an agent vs selling to an investor in Pensacola, Florida, or anywhere for that matter.
