*Sigh* If you have been through the process of listing a Sioux Falls house on the MLS with a real estate agent, you know that, in some cases, it can be a hassle. From dealing with showings to waiting for offers, the process can be time-consuming and stressful. Of course, in some situations, using an agent can be great! But this doesn’t apply to every house. In this post, we discuss a few of the difficult parts of listing a house you need to be aware of and why you may want to consider selling your property to an investor instead.
Challenges of Using a Traditional Listing to Sell Your House
1. Property Showings
One of the biggest challenges of listing your house on the MLS in Sioux Falls is managing showings. If you are still living in the home, you will need to keep it clean and tidy in order to prepare for potential buyers to come in and look around. This can be especially difficult if you have children or pets.If you are not living in the home, you will need to coordinate with your real estate agent to schedule showings. This can be a major inconvenience, especially if you have a busy schedule.
Providing the best solutions for people is what we love, so if listing is the best option for you, there are a few things you can do to make the showing process easier for yourself:
- Create a staging plan. This will help you determine what needs to be done to make your home look its best for potential buyers.
- Set aside time each day to clean and tidy the home. This will help you stay on top of things and make it easier for your agent to schedule showings.
- Be flexible with showing times. Buyers may be interested in seeing your home at different times of the day or week. Be prepared to work with your agent to accommodate their schedules.
- Be patient. The showing process can take some time, but it is important to be patient and cooperative. The more organized and cooperative you are, the more likely you are to sell your home quickly and for a good price.
2. Waiting for Offers to Come In
When you list your house in Sioux Falls there are no guarantees. You’ll need to be patient while you wait around for qualified offers to come in. Depending on interest rates and the market, it can take weeks or even months for an offer to come in. During this time, you still have to pay your mortgage, property taxes, insurance, utilities, and other expenses associated with owning a home. This can be a major financial burden for any homeowner, and can lead to more money out of your pocket in the end.
3. Costs of Hiring a Sioux Falls Real Estate Agent
In addition to waiting for offers, you will also need to pay a commission fee to your real estate agent. The real estate agent you select will be very important. Make sure you ask them questions about previous transactions and their track record. One of the main reasons being you are paying them a fee to sell your home. This fee is typically 5-6% of the sale price of your home. For example, if you sell your home for $300,000, you will need to pay your real estate agent $15,000-$18,000 in commission fees. This can be a major hit to your bottom line and can significantly reduce the amount of money you make from the sale of your house. Remember that you will more than likely be responsible for closing costs which typically make up 2-4% of a home sale. Investors will typically be looking to take care of this charge for you, saving you an additional 2-4%.
4. Repairs and Renovations
Before you can list your house on the MLS with a Sioux Falls real estate agent, you typically have to make repairs and renovations to make it marketable. This can include things like painting, replacing flooring, and updating appliances. Depending on the condition of your house, these repairs and renovations can be expensive and time-consuming. And if you don’t make the necessary repairs and renovations, your house may not sell, or you may have to accept a lower offer. Talk with your agent about what materials and color schemes you should use. Remember, not everyone likes the same things as you do, so making sure you are up to date on market trends and what’s selling will be very important when performing renovations or repairs.
So what’s the solution? Selling your property to an investor. Here are four reasons why:
1. No Property Showings or Repairs
When you sell your property to an investor, you don’t have to deal with any property showings or repair anything. Investors typically buy houses as-is, which means you don’t have to worry about cleaning, repairing, or renovating your house. This can be a major time-saver, especially if you have a busy schedule or if your house needs a lot of work.
2. A Fast Closing
Investors such as MetaStone Property Solutions typically close on houses much more quickly than traditional buyers. This means you can sell your house and get your money much faster than listing it on the MLS. This can be especially beneficial if you’re in a hurry to sell your house. A traditional sale typically requires an inspection & appraisal, which all takes time. Each day that you are sitting on your house, you are incurring more expenses for your mortgage, taxes, insurance, utilities, and other home expenses.
3. No Costs, Commissions, or Hidden Fees
When you sell your property to an investor, you don’t have to pay any commission fees. This means you get to keep more of the money from the sale of your house. And because investors typically buy houses as-is, you don’t have to worry about making repairs or renovations, which can save you even more money. Hidden fees are not fees such as closing costs, but they are the things that no one talks about. When you hold onto a property, you are responsible for paying the mortgage, taxes, insurance, utilities, and other home expenses. How much do you spend on all of these combined each month? Every month that goes by and your house doesn’t sell, you are not only losing time, but spending that additional amount.
4. A Cash Offer
Investors are typically not reliant on banks and will make cash offers on houses. This means that you don’t have to worry about waiting for financing to go through. This can be a major relief, especially if you’re in a hurry to sell your house or if you’re worried about the buyer’s financing falling through.
Listing your house on the MLS with a Sioux Falls real estate agent can be a great choice, but for some houses, it can become more of a hassle. From dealing with showings to waiting for offers, the process can be time-consuming and stressful. Selling your property to an investor can be a much simpler and more convenient option. With no showings, quick closing, no commission fees, and cash offers selling your property to an investor can help you sell your house quickly and with minimal hassle. If you want to sell your house fast in Sioux Falls, reach out to our team to find out what we can do for you! (605) 301-6038