Author: Abraham Lincoln

The main advantages of selling a house without a real estate agency are:

savings in agency commission fees

total control of visits

direct contact with potential buyers

exploitation of advertising campaigns of trading platforms

Among the many advantages of selling a house independently and without a real estate agency, there is certainly the saving of the agency’s commission costs .

While it is true that the commission is often paid by the buyer and not by the seller, it is also true that the money that would go to the agency would still be deducted from the total budget estimated by the buyer. So, indirectly, it’s money that would likely be deducted from the seller’s final earnings https://www.kindhousebuyers.com/wa/seattle/

We remind you that usually the commission requested by a real estate agency varies between 2% and 5% depending on the value of the property and the region to which it belongs, averaging around 3%. Assuming a 3% commission on a house worth 300 thousand euros, the commissions would for example exceed 10 thousand euros.

Another important advantage of selling a house without an agency is having total control of visits. As we have also seen in this guide, the fee for real estate brokerage to be paid to the agency is generally around a variable percentage on average between 2% and 3% of the value of the property itself.

Certainly, selling a house without an agency, as a private individual, can be considered a convenient decision to amortize the expenses related to the costs of real estate brokerage, but it is certainly not an easy task. The owner will have to personally take care of all the obligations we saw a little while ago, without being able to count on an expert guide in the real estate sector.

We also remind you that even selling a house privately has several expenses to consider , which start from those relating to the preparation of the property up to the technical ones connected to the collection of documents, and then get to the tax costs, the registration tax, the mortgage, the cadastral one and the expenses of the notary.

A property can be considered an asset in many ways but its management is quite hard and becomes even harsher as inflation becomes worse. For those facing an emergency or in need of immediate cash, such a property can quickly become a liability to maintain due to its costs and the efforts needed to invest behind it. Thus, the best option one has here is to sell their property in Ohio as quickly and efficiently as possible.

To achieve this, one can either hire an agent to put their property up on the real estate market and sell at the lowest yet still profitable price possible or sell the property directly to another party with whom they negotiate the price directly. While the latter case may sound ideal yet unachievable in a short time, it is not so since one can do so by selling the property directly to the real estate agency.

Do real estate agencies buy properties directly?

Yes, real estate agencies and companies usually do buy properties directly and even provide cash upfront within the time of a week or two. This facility is especially available for those clients or sellers who wish to sell their properties as quickly as possible while still making a good profit on the said property.

In such cases, the agencies buy the property themselves after negotiating a price agreed to both and handle all the legal side of the things along with paperwork and transfer of the possession and ownership within the time agreed, even if it is utterly shorter than usually required.

While one, if they so wish so, still wants to sell their property to a third party, then the agency can act as a middleman and find a suitable buyer as well. However, in this case, the quickest time for the selling of the property would highly vary and would depend a lot on luck.

Conclusion

In the end, it is wiser to sell one’s property in Ohio to a real estate agency than to a third party if one is in a pinch and needs the money as quickly as possible. To find such a real estate agency, one can visit: https://www.h3homebuyers.com/