If you’re looking down the barrel of the house-selling process, it can feel overwhelming. There are so many moving parts to consider, not to mention how long it can take. Going the traditional route and hiring a realtor can take some of the pressure off you when it comes to things like paperwork and showings, but is the trade-off worth it?
Before committing to a real estate partnership, you should examine the pros and cons of selling with a realtor versus selling your house for cash in Fort Lauderdale.
1. Know Your Worth
If you’re planning to sell your home on your own, it’s vital that you understand how to price it properly. You don’t want to lose potential profit by undervaluing your property, but if you price it too high, it may not attract enough potential buyers. And the longer it sits on the market, the more buyers will start to wonder what’s wrong with it.
A realtor can help price your home in that sweet spot, ensuring it moves quickly while maximizing the sale’s profit. But if you’re willing to do the legwork, you can easily find that spot yourself. Looking at recent sale prices for similar properties in your community is a great starting point.
2. Sell Yourself
If you plan to sell your home on your own, you’ll have to market it aggressively. Just sticking a “For Sale By Owner” sign in your yard isn’t going to do it. If you really want to get the most money possible from the sale, you’ll need to “sell” the whole package, which means staging your home, taking professional-level photographs, and creating and monitoring online listings.
These things are all doable if you have the time and energy to dedicate to them. But if you choose to go with a realtor, they usually have a team in place for such things. Realtors will also have access to listing opportunities that individual sellers won’t have, thereby opening up the sale to a larger network of potential buyers.
3. It’s Not Personal
Selling your home is emotional, whether you think it will be or not. You’d be surprised to find how defensive you might become with a potential buyer when they’re haggling over pricing because they see an aspect of your home as insufficient or not worth the asking price.
Hiring a realtor means you won’t have to experience people disparaging your home to your face, and it saves you from learning how to swallow your pride and discuss those things without getting offended or upset. Be honest with yourself before moving forward and examine whether or not you can take that kind of criticism of the place you’ve called home.
4. Pushing Papers
If you don’t work with a realtor, you get to keep all the money from the sale of your home. You’re not losing precious dollars to anyone’s commissions or closing costs. But that does mean all the paperwork and logistics are your responsibility.
If you feel comfortable vetting the buyer and handling things like screening loan documents and handling contracts, then FSBO (for sale by owner) might be a good route for you. But you should investigate up front all the types of paperwork you’ll be responsible for and make sure you’re up for it.
It’s important to consider all these pros and cons to determine what avenue will work best for you before embarking on your house-selling journey. If you don’t have the time or cash to invest in selling on your own or with a realtor, there is another, faster alternative. We buy houses cash in Fort Lauderdale and surrounding areas. If you’re ready to sell your house for cash now, call our team today, and we’ll get you a cash offer over the phone in minutes.