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Should I Hire A Real Estate Agent To Sell My Home In Green Bay Or Sell To An Investor?

hire an agent or my home to an investor in knoxville

Are you thinking about selling your house? Perhaps you’re weighing the pros and cons of how to sell and wondering, “Should I Hire A Real Estate Agent To Sell My Home In the Green Bay or Appleton area Or Sell To An Investor?” If so then this blog post is for you! (It also applies to anyone looking to sell a house in Green Bay or Northeast Wisconsin)…

Selling a house is a big, complex decision, so you’re smart to be thinking through all the steps of the process.

Should I Hire A Real Estate Agent To Sell My Home In Green Bay Or Sell To An Investor?

Pros And Cons Of Working With An Agent

Pros:

  • The agent has probably done this before so they know the process
  • You won’t have to do the actual negotiating – the agent will take care of that for you
  • You might get a price closer to your asking price

Cons:

  • You’ll have to pay to fix up your house
  • You’ll have to clean up your house
  • You’ll have to wait while an agent shows your house to buyers – this could take months
  • … which means you’ll have to pay bills, taxes, and insurance on the property the whole time the house is being shown
  • You’ll have to pay the agent’s commissions
  • You might not get a price closer to your asking price
  • You will have to pay closing costs

Should I Hire A Real Estate Agent To Sell My Home In Green Bay Or Sell To An Investor?

Pros And Cons Of Working With An Investor

Pros:

  • The investor will have done this often and knows what they are doing
  • You’ll know exactly what the offer is right away – there’s no guesswork or gambling on the market
  • You don’t have to pay to fix up your house
  • You don’t have to clean up your house
  • You don’t have to wait months
  • … which means you don’t have to pay bills, taxes, and insurance on the property that whole time
  • You don’t have any commissions or fees to pay

Cons:

  • You might not get “market price” for your house – an investor may pay less

Which Is Better For You?

For many property owners it comes down to just a few simple questions:

  1. How soon do you want to sell?
  2. Would you rather gamble and see IF you can get market price (but pay more in bills) or know right away exactly how much you’ll get (and save money in all those expenses)?

When you answer those questions then you’ll discover the answer to your question, “Should I Hire A Real Estate Agent To Sell My Home In Green Bay Or Sell To An Investor?

Ready To Sell Soon?

If you’re thinking of selling and have questions about the process or to see how much we can offer for your property, just reach out to us and let us know about the house and we’ll see how we can help – we might be able to give you a cash offer to buy your house right away or we can connect you with a great real estate agent that we know and work with. Just call us at 920-247-2945 or click here now and fill out the form and we’ll get back to you right away.

What Closing Costs Does A Seller Pay In a Real Estate Agent Transaction In Green Bay?

Closing Costs for Sellers: Common Fees Associated With Selling Your Home

If you’re monitoring your home value so you can sell and reap a worthwhile profit, don’t forget to factor in the closing costs for sellers.

You may be estimating that you can sell your property for $350,000 and pay off your $200,000 home loan and reap a $150,000 benefit. But before you start counting your dollars and debating the size of the down payment for your next home, you need to calculate the closing costs for seller.

While buyers also pay closing costs, you’ll see a long column on the HUD-1 Settlement Statement for seller costs. Closing costs for sellers vary according to where you live, but as the seller you can expect to pay anywhere from 6 percent to 10 percent of the home’s sales price at settlement. This won’t be cash out of your pocket, rather it will be deducted from the profit on your home — unless you are selling with very low equity. In which case, you may need to bring a little cash to the table.

1. Seller costs

One of the larger closing costs for sellers at settlement is the commission for the real estate agents involved in the transaction. Commissions are negotiable and vary somewhat by market, but a typical commission is 6 percent of the sales price of the home split between the listing agent and the buyer’s agent. For a home that sells for $350,000, the commission would come to $21,000.

2. Loan payoff costs

Your loan payoff will often be a little higher than the remaining balance on your loan because of prorated interest. In some cases, you may have to pay a prepayment penalty for paying off your loan before the end of the term. If you have a home equity loan or line of credit, this must be paid in full at settlement as well.

3. Transfer taxes or recording fees

These are the taxes imposed by your state or local government to transfer the title from one owner to another.

4. Title insurance fees

Sellers typically pay the owner’s title insurance premium.

5. Attorney fees

If you have your own attorney represent you at the settlement. Market traditions vary, so while in some areas both the buyers and sellers have their own attorneys, in others it’s more common to have one settlement attorney for the transaction. In some areas the buyer pays the attorney fees, while in others the seller pays.

Additional closing costs for sellers

Additional closing costs for sellers include: liens or judgments against the property, unpaid homeowner association dues, prorated property taxes and homeowner association dues included up to the settlement date.

Depending on the contract, closing costs may also include termite inspection and remediation, if necessary, home warranty premium and repair bills or a credit for repairs for items found during a home inspection.

Also, don’t forget to estimate some of the closing costs associated with preparing to sell, such as cosmetic repairs or improvements to make your home more attractive to buyers. Those costs may be returned with a higher sales price, but you should still include them in your calculations.