Direct Sale VS. FSBO VS. An Agent

Before you get lost in the idea of listing, we want to tell you:

There is more than one way to sell your Florida house!

So many people get wrapped up in listings, that they don’t explore all the other ways they can sell their home. More often than not, a lot of people miss out on saving time and money by using the only solution they know, which is typically the agent-selling route. However, the truth of the matter is that there are many viable ways to sell a house. 

Discover Your House Selling Options In Miami

In this article, we’re going to break down the pros and cons of each so you can make a smart, well-informed decision regarding your home sale!

Pros of Direct Sale a House

A direct sale offers many benefits people will often look over:

  • It can save you a ton of time.
  • You can sell in as little as a week.
  • You will save money on insurance, utility bills, and taxes.
  • You can plan your move immediately because you’ve got all the information upfront (price, closing date).
  • Normally the buyer pays in cash.
  • You don’t have to wait for the buyer to secure a loan.
  • You won’t have to cover expensive agent fees and listing costs.
  • Most direct sales don’t require any cleaning, repairs, or upgrades.
  • You can secure a fair deal without having to wait.
Cons of Direct Sale a House

The final sale price will often be lower than market value.

Pros of Selling Yourself
  • You are in control of the entire process.
  • You can decide how to market your property.
  • You can directly negotiate with the buyer.
  • You can decide how to stage your home.
  • You can decide what needs repairing, fixing, and cleaning.
  • No expensive commission costs.
Cons of Selling Your House By Yourself
  • You have to do all the work.
  • You need to deal with potential buyers and their agents.
  • Selling your home can also be an emotional process, meanings it’s hard to remain calm and logical.
  • You need to advertise the property everywhere.
  • You need to review the paperwork, handle negotiations, and deal with title companies.
  • Low offers may stress you out.

You may have noticed that the pros and cons here overlap. Well, that’s because depending on how motivated you are, the challenge of selling your home yourself might be an exciting new project – or it may drive you mad.

Pros of Working With an Agent
  • A good agent will handle the sale on your behalf.
  • An agent will have connections in the industry and be able to offer useful resources such as professional photographers or property stagers.
  • A GREAT agent will go above and beyond to ensure you settle into your new home.
  • An experienced agent will know exactly what your house needs to secure a smooth sale.
Cons of Working With An Agent
  • You have to cover 100% of the commission fee, which usually is 6% of your final sale price.
  • You have to get your home professionally cleaned and make repairs before listing.
  • You don’t know when it will sell (or if it will sell).
  • You have to allow for roughly 2% of the sale to cover closing costs.
  • After listing you have to keep your property in tip-top clean condition while buyers view your home.
  • You won’t know how much the agreed sale price will be until closing at the very end.
Summary

There are many ways to sell your Florida home. But, before you rush in a recklessly decide which one you prefer, make sure you research the options available to you in as much detail as possible. Don’t settle on one method until you know exactly what the other selling methods involve!

Are you thinking about selling your Miami house?
We can help you make the best decision for your situation! Check out our website >>> We Buy Houses Fast Florida!
Send us a message or give us a call today! (305) 916-3328

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David Veras

David Veras was born in Hialeah, Florida and has been involved in Real Estate since February 2019.

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