So you find yourself ready to sell and while you don’t want to pay all of the commissions and fees that come along with a traditional real estate agent, you also dread all that is involved with listing the property as for sale by owner. At I Buy SW MI, we’ll take the time to listen to all of your questions about the process and the potential savings involved with a direct sale, get started today by calling (231) 392-3262.
Making a direct sale of your property in Southwest Michigan can offer many benefits to sellers, including significant cost savings. By bypassing the traditional real estate market and working directly with buyers, you can avoid many of the fees and expenses associated with selling a property. Here are a few ways you can save money by making a direct sale:
- No real estate commissions: When you work with a real estate agent to sell your property, you’ll typically pay a commission fee of 5-6% of the sale price. When you make a direct sale, you can avoid these fees entirely, retaining more of the sale proceeds.
- No closing costs: In a traditional sale, the seller is responsible for paying closing costs, which can range from 1-3% of the sale price. When you make a direct sale, you may be able to avoid or negotiate these fees, resulting in further cost savings.
- No repairs or improvements: In a traditional sale, the seller may be required to make repairs or improvements to the property to meet buyer demands or appraisal requirements. When you make a direct sale, you can often sell the property as-is, avoiding these expenses altogether.
By making a direct sale of your property in Southwest Michigan, you can avoid many of the headaches and expenses associated with traditional sales and retain more of the sale proceeds.
No Repairs or Renovations
Inspections and appraisals are an integral part of the traditional home selling process, leading many to put thousands of dollars into a home that they’re ready to walk away from. In order to pass inspections, it’s possible that you could end up facing overwhelming repair bills for an issue you weren’t aware of previously. Real estate professionals know that many buyers won’t be able to realize the potential you may feel your property possesses because they can’t see past anything that is outdated. These upgrades can be anything from aging cabinetry to apparent wear and tear in flooring, woodwork, and even the paint on the interior and exterior of the home.
Pack and Go
Cleaning? Sell direct and forget it! Experienced real estate agents know that most buyers don’t have the vision to see beyond your clutter or any apparent decorative flaws. They’ll advise that nearly every surface be free of objects. Most especially photographs or items that are of a more personal nature. Today’s real estate professional will likely advise that you store your own belongings and spend further on staging the home, both for advertising publications and showings. In addition, you’ll need to keep up the exterior curb appeal for these reasons. This allows the buyer to more easily visualize themselves living in the home. You can save all the costs involved in a deep clean of your Southwest Michigan home when you sell directly. In many cases, you can just leave behind any items you’d rather not take along to your new residence.
Forget Closing Costs
Selling your property directly in Southwest Michigan can save you money by eliminating many of the fees associated with traditional closings. By bypassing the traditional process, you can forego many of the fees related to required reports from appraisals and inspections, particularly for newer or recently renovated properties. This can result in substantial cost savings, allowing you to retain more of the sale proceeds. Additionally, you may also be able to avoid other fees, such as agent commissions and closing costs, further reducing your expenses. By selling your property directly, you can retain more control over the sale process and potentially save significant amounts of money.
No Marketing Expenses
When it comes to selling your home, marketing is crucial. Whether you’re working with a real estate agent or selling your home on your own, it’s important to be aware that any marketing expenses will ultimately be passed on to you as the seller. Naturally, the more you spend, the better your advertising vehicle and reach to the public. This can include expenses such as professional photography, staging, online listings, and print advertising. As part of your marketing plan, you’ll also need to ensure that your home is presented in the best possible light, with any necessary repairs or improvements completed and the property clean and decluttered. Making your home picture-perfect can go a long way in attracting potential buyers and increasing the chances of a successful sale. By investing in marketing and presenting your home in the best possible light, you can maximize its appeal to potential buyers and increase your chances of a successful sale at the highest possible price.
Monthly Costs Eliminated
The monthly costs of homeownership can add a lot of pressure, especially if you’ve already had to relocate for work or personal reasons. These costs can run into the thousands, including taxes, mortgage, insurance, utilities, and maintenance. If your home is aging, repair bills are usually depleting your funds on a more regular basis and can be extremely expensive. The financial burden and personal stress can add up quickly. By choosing a direct sale, you could quite literally save yourself thousands!
Just pack what you want to keep and sell your Southwest Michigan property directly. You can leave the monthly payments behind sooner than you think. Call I Buy SW MI today at (231) 392-3262 or send us a message to learn just how quickly we can help you start saving money!