Listing is an overwhelming prospect, and very often, home sellers reach out to real estate agents for the vast experience they bring to the table. Unfortunately, however, the services of a real estate agent come with a hefty price tag that reaches far beyond the high commissions. So, if your property isn’t in peak condition, or you’re in a hurry to sell, take a moment to seriously consider the profitability of the traditional listing method of home sales. Then, read on as we explore the five most considerable costs you can expect from hiring a Salt Lake City real estate agent.
When hiring a Salt Lake City real estate agent, be prepared for an open-ended period during which you’ll remain responsible for the holding costs or the monthly expenses that don’t end until you sell. Each month depletes your profits further, and you’re still responsible for maintaining and repairing the property if new damage occurs. Regrettably, things don’t always work out when you work with buyers who must qualify for a mortgage or buyers back out after inspections. As a result, you may have to relist. Alternatively, professional home buyers like those at YourPriceMyTerms.com work with the power of cash, providing you with a guaranteed closing date, typically in days.
Prep and Repairs
When a home isn’t in move-in-ready shape and you’re hiring a Salt Lake City real estate agent, you should understand you’ll be responsible for the out-of-pocket expenditures to improve the curb appeal and bring buyers to the door. Otherwise, you can expect your listing to linger on the market as most buyers seek homes they can move into immediately. However, they may throw an insultingly low offer at you on the off chance they can profit significantly from doing the work themselves. Because of the emotional investment we have in our homes, sellers with distressed properties often find the process of negotiating the price with this type of buyer incredibly insulting. Or, if you don’t make the repairs, you may face an onslaught of contingencies or requests for credit to do the work using outrageous quotes. On the other hand, you can avoid prepping and repairing when you sell directly to professional home buyers like those at YourPriceMyTerms.com because we buy Salt Lake City homes in as-is condition for cash.
Among the marketing costs you can expect from hiring a Salt Lake City real estate agent, professional photographers and drone videographers have become the industry standard. Unfortunately for sellers who attempt to sell as an FSBO or for sale by owner, online buyers simply scroll by listings with sub-par photography. You can put your wallet away and skip all your concerns about the cost of marketing when you sell directly to professional home buyers like those at YourPriceMyTerms.com.
Professional stagers understand how colors, blank space and furniture arrangements create a background upon which buyers can imagine themselves living in the space. In addition to the marketing plan, staging costs are another expense you can expect from hiring a Salt Lake City real estate agent who utilizes this strategy to increase profits by up to 5%. You may also need to pay the expenses of storing your extra clutter and any decor that strongly reflects your interests or personality. In addition, they may require you to attain a storage unit for your larger furniture pieces, which can make 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 YourPriceMyTerms.com.
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 Salt Lake City real estate agent. In addition, it’s not uncommon for the sellers to pay buyers closing costs too. But, on the other hand, you’ll pay zero in commissions or closing costs when you sell directly to professional home buyers like those at YourPriceMyTerms.com. And at YourPriceMyTerms.com, there are never any hidden fees in our contracts, meaning our offer is precisely the amount you’ll receive at closing.
Why pay the costs and deal with the stress you can expect from hiring a Salt Lake City real estate agent? Professional home buyers at YourPriceMyTerms.com are local professional investors with a passion for helping our neighbors. The professional home buyers at YourPriceMyTerms.com offer a quick, easy and fair alternative that saves time and money. You will have the numbers in your hands telling you how we calculated our offer to compare against what your home would sell for on the MLS. You can be confident you’ll feel good about the deal long after closing because at YourPriceMyTerms.com, our goal is to help you make an educated decision about selling for the most profit. Call YourPriceMyTerms.com at (801) 441-2800 .