By Nick Disney (guest poster)
If you’re thinking about selling your house, it’s important to consider the different choices you have available to you and which one of those best suits your specific needs. As a home-seller in San Antonio, there are three main options to choose from when selling your house; we’ll dive into each of these and discuss some of the pros and cons of each one.
For Sale by Owner
For Sale by Owner, also referred to as FSBO, means that you are going to sell your house on your own without the assistance of any home-selling professionals. While most people consider going this route because they want to save on agent commissions, people typically sell their house for less than they do when they work with a real estate agent. You also won’t have someone to help you with all of the paperwork and assist in negotiations.
You need to consider all the factors including sales price, time on the market, paperwork and closing procedures before you decide which choice is best for you.
Pro: Don’t pay any agent commissions.
Con: Lower sales price and no assistance from professionals.
Listing with An Agent
Listing your house for sale with a licensed real estate agent in San Antonio is the most common way of selling and the avenue that will typically get you the highest sale price for your house. The National Association of Realtors reported that “The typical For Sale by Owner home sold for $200,000 compared to $265,500 for agent-assisted home sales.” This means that people who used a real estate agent to sell their house averaged a sale price of $65,500 more than those who sold their house without an agent. Let’s break that down:
Sell with an agent:
Sale price = +$265,500
Mortgage pay-off = -$40,000
Closing costs = -$6,000
Home repairs = -$6700
Agent commission = -$15,930
Cash at Closing = +$196,870
Selling FSBO:
Sale price = +$200,000
Mortgage pay-off = -$40,000
Closing costs = -$6,000
Home repairs = -$6700
Cash at Closing = +$147,300
Real estate agents have access to the MLS (Multiple Listing Service) and since 87% of buyers use a real estate agent to find a home, having an agent to list your house on the MLS is terrific marketing. Also, a licensed real estate agent can help walk you through all the paperwork involved when selling your home and be there to assist you in negotiating sales price and concessions.
Pro: Higher sales price and help with advertising, paperwork, and negotiations.
Con: You will have to pay real estate agent commissions.
Sell to an Investor
If you’ve found yourself searching “sell house fast San Antonio” then selling your house with a professional company like Sell My San Antonio House may be the best route for you. Professional house buying companies are local cash home buyers in San Antonio that specialize in helping home-sellers sell their house fast for cash. How fast is fast? Cash for house companies can usually close on your house in as little as 7 days. They will typically not ask for you to make any repairs and you can have them pay for your closing costs.
Pro: Sell fast, don’t make any repairs, and choose your closing date.
Con: Lower sales price.
Take some time to consider which things are the most important to you when selling your home and then take a look at the pros and cons of each of these choices. You may not get everything that you want, but if you know all of your options then you can select the best choice for you.
Nick Disney, Sell My San Antonio House
