If you own real estate, you have probably heard of the MLS. It is a members-only website that is joined by real estate agents in the area. They have a local level, a state level, and a national level. Joining this association designates the agent as a Realtor. They must pay to access this service.
Picking the Wrong Agent
Reason #6 to avoid the MLS when selling your Knoxville house is picking the wrong agent. There are so many agents to choose from, how are you supposed to know who to choose? Do you pick the person with the most ads? Or do you go with the guy your friend recommended, he just sold a house last week? If you pick the wrong agent, getting you home sold could take more time than you imagined. If its a quick sale you’re looking for, local companies who buy houses for cash quickly are we buy houses Knoxville & East Tennessee Home Buyers.
Time On the Market
Reason #5 to avoid the MLS when selling your Knoxville house is the time on the market. The MLS, or multiple listing service, keeps track of how many days it’s been since you first listed it on the market. If your house ends up being on the market for more than 60 days, this is not a good sign to buyers. It may indicate that your house is not as desirable as other properties, or that there might be something wrong with it. There may not be anything wrong with your property, but this might stick in the back of the mind of potential buyers. Maybe you haven’t had a full price offer and are holding out. Whatever the reason, the time on market counter may work against you.
Highly Qualified Buyers
Reason #4 to avoid the MLS when selling your Knoxville house is highly qualified buyers. Sure, the MLS may bring you buyers, but a large portion of them will have to depend on financing from a bank, and some of them may not have even been pre-qualified yet. We buy houses Knoxville never relies on bank or institutional financing when purchasing property from home owners. Your home home may be considered a pocket listing that will reach the desks of many highly qualified buyers, most of which can purchase 100% in cash.
Commission Fees
Reason #3 to avoid the MLS when selling your Knoxville house is commission fees. When you list your house on the market, there are commission fees that are expected from the selling agent and the buying agent. This is usually 3% of the final sale price, which can add up to a large amount of money! If you are using an agent without using the MLS, you might be able to set a flat fee for less than traditional commission fees or pay no fees at all if you decide to sell for all cash by contacting East TN home buyers!
Invasion of Privacy
Reason #2 to avoid the MLS when selling your Knoxville house is an invasion of privacy. If your house is listed on the MLS, you will be expected to make your house available for showings at all times. This means living in a constant state of clean and organized 24/7 until you move out. You may also be asked to leave your home on extremely short notice for a showing if possible, sometimes immediately, although you usually can schedule showings for 24 hours in advance. Some sellers find it’s easier if they call we buy houses Knoxville and avoid all the hassle of showings! This can greatly relieve any anxiety associated with the potential of having to make two houses payments if you have already purchased another home!
Signs In The Yard
Reason #1 to avoid the MLS when selling your Knoxville house is a sign in your yard. The yard sign is a standard part of a real estate agents advertising your house, but this also may mean that you may have people knocking on your door unexpectedly because they saw the sign in your yard. This is a huge inconvenience, especially because people may have stopped without an agent present, and who knows if they are qualified buyers?