Ready to sell your house in Overland Park or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Overland Park!
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 Overland Park!
Potentially Higher Sale Price
When you work with a Overland Park real estate agent, there is a very good 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, and the time frame longer, 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 Overland Park 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 kcmoHomeBuyer, you can rest assured that we will handle all of the details too!
We can write the contract, get it to a trusted title company to get it closed. We do advise that if the contract is tough for you to read and understand that you have a friend or trusted advisor or even your attorney review it.
Cleaning & Showings
When putting a home on the MLS with an agent, or even selling it FSBO, it is highly advisable for the home 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.
Why is it advisable? Clean, presentable homes sell for more money. We have found that often the buyers based on the impression of the home and if it looks like a magazine they will pay more. If it looks like a ton of work cleaning, they will pay less.
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.
Now, most full-service agents take care of the marketing, the showings, the open houses, the printed materials and more. But many charge an extra administrative fee over and above the commission.
Our sister company Realty Resource offers a full-service listing to help market your house for the most money and there is no extra admin fee.
It Can Take Months
When you work with a Overland Park 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.
Right now, in today’s market, there is a very low inventory of homes, so most are selling quickly, but we are no longer seeing multiple offers in 24 hours, we are getting closer to a balanced market, meaning the marketing time for a home, that is priced right for its condition, will sell, but it could take 30 to 45 days to find that buyer.
And then once you find a buyer and agree upon a contract, then you have inspections, appraisals and loan approvals. The buyer is going to conduct an inspection and quite often ask for a price reduction or for you to make a few repairs. Once you get past that hurdle, the buyer’s lender is going to conduct an appraisal and everyone is on pins and needles waiting to see if the appraisal comes in high enough. And there is always the chance that something can happen between contract and closing to kill the loan, like the buyer losing their job.
A Fast Sale
When you sell your house directly to kcmoHomeBuyer, 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.
And keep in mind that if your property is vacant, that the regular home owner’s insurance may not cover anything should there be damage and the home has been vacant for more than 30 days, so please check with your insurance provider to make sure you are covered.
No Hidden Costs
Selling to a company such as kcmoHomeBuyer will allow you to sell your Overland Park house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, and layout all the closing expenses that come with selling a house, just keep in mind that these costs come out of the sale proceeds, so unless you have huge loans and liens, you have no money out of pocket.
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 Overland Park house doesn’t require you to spend money or live in limbo.
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 holding costs can eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to kcmoHomeBuyer can be the more profitable choice.
Most of our sellers are happy with the tradeoff because they want to know that on a specific date, their home will be sold and they don’t have to deal with it any longer. And if a listing is a better option for you, we would be happy to help you through our sister company or refer you to a great Realtor in your area.