Trying to sell your house through a Palm Bay real estate agent can be incredibly demanding – from the costs and time involved, right down to all of the tedious activities. Unfortunately, many people don’t realize just how much is required until they are already in too deep. Here, we will compare and contrast the expenses associated with selling a home in Palm Bay through an agent versus directly to a professional buyer. Our team has a fantastic offer available for you, simply enter the details of your property and we can help figure out which selling method is best suited to you in Palm Bay!
Hiring An Agent In Palm Bay
Commissions
When you enlist a real estate agent in Palm Bay to assist with selling your house, commission fees will be involved when the property eventually finds its way into new hands. These expenses can significantly reduce a seller’s profits, as the average commission rate is typically around 6% of the final sale price. Let’s imagine you sell your house for $150,000. Immediately afterwards, approximately $9,000 will be owed to the real estate agent – not including other costs and fees that may apply.
Closing Costs
When you decide to sell your house, closing costs can add up quickly with transfer taxes and recording fees. In Palm Bay alone, these expenses usually cost around 2% of the final sale price. For instance, if your home sells for $150,000 that would equal an additional $3,000 out of pocket. At House Beagle we understand how difficult it is to cover all those extra charges on top of the initial purchase. Therefore when you work directly with us as a seller we’ll take care of any closing costs so that unexpected expenses don’t get in the way of turning a dream into reality!
Repairs
Depending on the type of property you own, repairing it can cost an arm and a leg. You may start off fixing small issues only to find yourself needing to make more extensive repairs that require an even heftier financial investment. After a home inspection, you may discover that additional repairs are required. To be prepared for this possibility, many buyers will negotiate with the seller to either compensate them for fixing any damages or reduce the price of the property as an incentive.
Holding Costs
Owning a home can be more costly than you think. Property taxes, homeowners insurance, and utility bills all add up quickly – especially if your home isn’t energy-efficient or is on the older side. You will also have to account for the continued upkeep and repair fees, as well as all of the costs associated with ensuring your home is ready for potential buyers. If your property lingers on MLS too long, you can face increasingly high holding expenses. With House Beagle, you can sell your house quickly and easily; we will complete the transaction in a matter of days, allowing for swift payment with no strings attached.
Marketing Expenses
If you’re selling your house the traditional route, marketing costs can be substantial. Depending on which agent you choose, there’s a good chance that you’ll need to go all-out when it comes to promoting your home. This could mean shelling out money for premium listings, professional photography and signage in order to make sure potential buyers are getting an accurate impression of what they’re looking at.Don’t make the mistake of believing that just because you’ve employed an agent, all your marketing costs will be taken care of. Each agent is distinct and could possibly cause you to spend more money than expected if you’re looking to quickly sell your house in Palm Bay.
Selling Your House Directly
In contrast, when you sell directly to House Beagle, there will be no expense on your part. Different buyers may operate differently, but with us you won’t have to worry about any fees or costs whatsoever. You won’t have to agonize over repairs, cleanup or waiting for a buyer to arrive. No commissions, no agent fees and no pricey marketing campaigns are necessary. When you use our service in Palm Bay, your house will be sold quickly and entirely free of charge!
Many sellers choose to sell their homes directly for the multiple advantages specified above. By doing so, they retain all of the sale’s profits and evade any hidden costs associated with real estate transactions. Directly selling your house allows you complete financial control over how much profit you make from its sale.
It is essential to be mindful of all the costs that may come up when you decide to put your Palm Bay home on the market. Unfortunately, too often sellers are taken by surprise with fees and charges they hadn’t anticipated while working with a local realtor. Before you make a final decision on any listing agreement, consider what our team can do for your Palm Bay property. A direct sale may be the answer to all of your needs. However, there is no way to be certain until we provide you with an obligation-free offer!