Ready to sell your house in Memphis or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Memphis!
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 Memphis!
Potentially Higher Sale Price
When you work with a Memphis 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 Memphis 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 Restoration Properties, you can rest assured that we will handle all of the details too!
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.
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
When you work with a Memphis 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.
A Fast Sale
When you sell your house directly to Restoration Properties, 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.
Selling to a company such as Restoration Properties will allow you to sell your Memphis 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.
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 Memphis 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 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 Restoration Properties can be the more profitable choice.