Many home sellers seek out the vast experience of real estate agents when listing their homes for sale. Real estate agents, however, charge high commissions, but their services come with a hefty price tag. Take a moment to seriously consider the profitability of the traditional listing method of home sales if your home isn’t in peak condition, or you’re in a hurry to sell. Let’s examine the five most considerable costs you can expect from hiring a Knoxville real estate agent.
Holding
Be prepared to pay ongoing holding costs or monthly expenses until you sell your home when you hire a Knoxville real estate agent. Your profits are depleted each month, and you’re still responsible for maintaining and repairing the property. Unfortunately, working with buyers who need to qualify for a mortgage or back out after inspections does not always work out. This may require you to relist your listing. Professional home buyers like East Tennessee Home Buyers LLC work with the power of cash, providing a guaranteed closing date.
Prep and Repairs
If your home isn’t move-in ready and you hire a Knoxville realtor, you should understand you’re responsible for out-of-pocket expenses to improve curb appeal and attract buyers. The majority of buyers prefer homes they can move into immediately, so you can expect your listing to linger on the market. It is possible, however, that they will insult you with a low offer on the chance that they will make a significant profit from doing the work for themselves. In the case of distressed properties, sellers often find it incredibly insulting to negotiate the price with this type of buyer because of their emotional investment in their home. A lack of repair can lead to an onslaught of contingencies or credit requests for outrageous work. If you sell directly to a professional home buyer like East Tennessee Home Buyers LLC, you won’t have to prep and repair your home because we buy Knoxville homes in as-is condition.
Marketing
Professional photographers and drone videographers are among the marketing costs you can expect from a Knoxville real estate agent. Online buyers simply scroll past listings with poor photography when they are shopping for FSBOs. Buying directly from companies like East Tennessee Home Buyers LLC means you won’t have to worry about marketing costs.
Staging
Stagers know how to use colors, blank space, and furniture arrangements to help buyers envision themselves living there. A Knoxville real estate agent who employs this strategy to increase profits by up to 5% will also charge you for staging costs. Keeping your clutter and any decor that strongly reflects your interests or personality may also cost you money. A storage unit may also be required for larger furniture pieces, making rooms appear smaller. However, you can skip the hassles and work of keeping everything spotless and showing your home when you sell directly to professional home buyers like those at East Tennessee Home Buyers LLC.
Commissions and Closing
Commissions, broker fees, and the costs for closing can vary widely, possibly adding up to 10% of the home sale price to your expenses, and you can expect them all from hiring a Knoxville real estate agent. A seller may also pay the buyer’s closing costs. However, selling directly to professionals like those at East Tennessee Home Buyers LLC will not cost you any commissions or closing costs. In East Tennessee Home Buyers LLC contracts, there are no hidden fees, so what you see in our offer is what you get at closing.
Rather than pay for costs and deal with stress, why not hire a Knoxville real estate agent? East Tennessee Home Buyers LLC is a local professional home buyer with a passion for helping neighbors. With East Tennessee Home Buyers LLC, you get a quick, easy, and fair alternative that saves you time and money. The numbers we calculated to compare our offer against what your home would sell for on the MLS will be in your hands. Because our goal at East Tennessee Home Buyers LLC is to help you make informed decisions about selling for the most profit, you’ll feel good about the deal long after closing. Call East Tennessee Home Buyers LLC at (865) 935-8680.