The common misconception that most homeowners assume is that you have to hire an agent to sell real estate. But that’s not true!
It is entirely feasible to sell your Florida home without the help of an agent in Miami.
Let’s Discuss The Advantages Of Selling Your Home Yourself!
This is probably one of the most attractive benefits of selling real estate yourself. No expensive agent commission fees!
Professional Agents can charge up to 6%+ upon the sale of your home, even if it was you who found a buyer and negotiated the sale of your home. Once you hire an agent to represent your home, they have to get paid after the sale.
This is in addition to:
- Agent fees
- Administrative fees
- Marketing fees
- Photography costs
Sure, you will have a lot of work advertising and hosting viewings, but when you are moving into a new house, having any additional cash will be a massive relief at the end of the day!
You Run The Show
Are you busy on Saturday and don’t have time for any booking? Ok, don’t schedule any.
When you work through an agent, they will be the ones calling the shots (since this is what you hired them to do). Of course, you are the homeowner, but an agent’s job is to find your buyers, and most of the time, they will believe that the buyer’s schedule should be prioritized over the seller’s.
This means weekend and evening showings where you will be asked to leave the house. Plus, bookings are typically a last-minute arrangement, meaning you will have to keep your home in tip-top shape while it is on the market.
Your Terms, Your Way
Selling your home yourself means you can decide all of the dates. You can have more control over when the new homeowners move in, when you have to be out, when you close, and so on.
You can also set the terms regarding what you fix or upgrade in the property. When you choose to sell on your own, you call the shots. You won’t have to listen to an agent saying, “Oh, you should really fix this, or repaint that or get new windows fitted.”
Plus, you can draw out a contract without any influence from an agent who may only have their best interest in mind. An agent will always be looking at what they can make off the sale of your home. It’s an understandable issue; everyone cares about how much they earn at and workplace.
But, this could mean being stuck with an agent that stands firm on the price, when you would have been happy to negotiate. Even if you are eager to sell (perhaps even for less than market value because you want a fast and hassle-free sale), an agent is always going to look at how much they will earn at the end of the sale.
Therefore, it’s hard to know if they have your best interest at heart. Consider for a moment a cashier trying to upsell you sweets and chocolate. At the end of the day, their priority is to sell as much as possible regardless of how the customer may or may not feel.
Few Cash Sales Fall Through
If you can find a cash buyer in Miami, you will save both time and money. As they always say in real estate:
Cash is King!
But, a cash buyer pays directly to you without any red tape from the bank and can typically close in just two weeks. These deals rarely fall through, and you end up saving a fortune on repairs, staging, and other sales-related expenses.
Selling your home yourself can lead to a quicker sale, especially if you find a cash buyer! Think about all the money you will save on taxes, utilities, insurance, and monthly mortgage payments by selling your home faster!
Not to mention the stress and irritation that comes with listing your home on the market. Imagine people constantly driving by. Some even peeking in your windows! It happens!
While a cash offer might be lower than market value, many times, you end up making more money in the long run after all of the fees, commissions, and other costs are taken out.