
The decision to sell your home is a significant one, and how you go about it can make all the difference. While many homeowners instinctively think about calling a licensed real estate agent, have you considered selling directly to a professional investor, like those at S&P Properties?
Selling a house is ultimately about the numbers, and understanding the cost differences between working with an agent versus selling to an investor can help you make a more informed decision. In this post, we’ll break down the factors that can influence the selling process and show you why selling to an investor might be a great alternative in Manchester.
Agent –
When you choose to sell your Manchester house with an agent, you’ll be faced with various costs that are part of the listing contract. These costs cover everything from marketing and repairs to commissions and holding costs. Understanding these expenses can help you better navigate the selling process.
Marketing and Listing Costs
Marketing your home is essential to attracting buyers, and these expenses are typically outlined in the listing contract. These can range from basic cleaning and staging to significant renovations aimed at modernizing your home. For example, an agent might suggest updating appliances or adding home office spaces to meet buyers’ current needs, particularly in today’s remote work culture. While these updates can increase the home’s appeal, they also add to the upfront costs of selling.
Repair and Inspection Costs
Before closing, you may be required to make repairs, especially if the inspection reveals issues with the property. If problems are found, the buyer may ask you to cover the costs or deduct the repair estimates from the offer. Avoid this surprise by hiring an inspector before listing your house to identify potential issues.
Staging and Storage Expenses
Staging your home involves depersonalizing the space, allowing potential buyers to imagine themselves in the home. It may also include storing personal items and excess furniture to present the house in the best possible light. These costs are necessary for attracting buyers but can quickly add up.
Advertising Expenses
Advertising is key to selling your home, and these expenses should be discussed with your agent upfront. This often includes professional photography to showcase your property online, as well as drone footage or 360-degree tours to appeal to today’s tech-savvy buyers.
Commission Fees
Real estate agents typically charge a 6 percent commission on the sale price of your home. This fee covers the agent’s work in marketing your home, managing paperwork, arranging for inspections and appraisals, and facilitating the entire sale process. While this is standard in the industry, it’s important to understand that this commission will come directly out of your final sale proceeds.
Holding Costs
If you need to sell your home quickly, holding costs can become a burden. These costs include mortgage payments, property taxes, insurance, and utilities, which continue to accrue while your house is listed. The longer your home stays on the market, the more these costs will add up, especially if you’ve already relocated.
Understanding these costs upfront is critical when deciding whether to sell through a real estate agent. If you’re looking for a quicker, less stressful alternative, selling to a professional home buyer like S&P Properties may save you time, money, and energy. We buy houses as-is, and our process eliminates the need for repairs, staging, and extensive marketing—allowing you to sell on your timeline, without the hidden costs of listing with an agent.
Investor –
Unlike selling through a real estate agent, selling to an investor in Manchester offers a simpler and faster process with significantly fewer expenses. Here’s how selling to an investor like S&P Properties can save you both time and money:
No Repairs or Renovations Needed
One of the most significant advantages of selling to an investor is that they buy your house as-is. Unlike traditional buyers who often require extensive repairs before they will make an offer, investors will purchase your property in its current condition. This means you don’t need to spend time or money on repairs, renovations, or staging.
Fast Closing
Investors typically pay cash for homes, which means the closing process is much faster compared to working with a buyer who requires financing. While traditional buyers might take weeks to secure their mortgage approval, an investor can often close in a matter of days, allowing you to move on quickly.
No Realtor Commissions
When you sell to an investor, you bypass the need for a real estate agent, which means you don’t have to pay any agent commissions. Traditional agents typically charge a 6% commission on the sale price, which can take a significant chunk out of your final proceeds. With an investor, you keep more of the sale price.
No Hidden Fees or Costs
Unlike selling through an agent, there are no additional marketing, repair, or staging fees when you sell to an investor. All you need to do is accept the investor’s offer and prepare to close. This simplicity makes the process much less stressful and financially burdensome.
Simplified Process
Selling your Manchester house to an investor streamlines the process. No open houses, no waiting for buyers, and no uncertainty. You’ll receive a fair offer, and if you accept, you can move forward with closing quickly.
If you’re ready to sell your Manchester house and want a straightforward, hassle-free process, contact S&P Properties today. We specialize in buying homes for cash, as-is, and can close on your timeline. Call us at 860-791-3614 or fill out our contact form to get started today!