As with any critical business decision, it is essential to making the best decisions to ensure that you’ve chosen the right professional in the real estate industry. While there are many benefits to working with a typical real estate agent, you may wish to be aware of some snags with this home sales method. Did you know these five setbacks homeowners face when hiring an agent in Lexington
Time on the Market
Listing your home for sale with a real estate agent, while typically the go-to method to sell, can take a very long time. The longer a home sits on the market, the less likely you realize the full sales price. Regrettably, this is a setback homeowners face when hiring an agent in Lexington. While your agent can advise you about the current average length of time their listings take to sell, they cannot provide you with a closing date.
Commissions are one of the biggest setbacks homeowners face when hiring an agent in Lexington. It is essential to ask an agent to lay out all of the commission costs, fees to the broker, what closing costs you will pay, and how much of a marketing budget they expect you to carry. Often, in a futile attempt to save themselves money, homeowners attempt to list their property without guidance. Without a vast background in real estate, this can lead to time consuming and expensive errors in marketing and other areas.
Deal Fell Through
No one wants to get the call from their real estate agent that after all of the time, money, and effort put into a transaction, the buyer failed to qualify or was a new buyer and backed out of the deal. Finding out that the deal fell through is a heartbreaking moment that homeowners find themselves facing all too often when hiring an agent in Lexington
Are the costs and work involved with repairs on your home holding you back from listing? It is a very well-known fact that your home needs to be picture perfect to be successfully marketed. An industry has built around staging homes, which involves painting, redecorating, and possible replacement of countertops and the like in neutral tones, with no personal possessions belonging to the current owners in view. This home treatment allows buyers to imagine themselves better living in the house, increasing the odds they buy significantly. Additionally, most buyers prefer move-in ready homes.
While your agent is busy selling your home, your life and problems do not stop. Should you be forced by circumstances beyond your control to relocate, you will be holding two households, which is quite expensive. This situation could be due to employment changes or extreme family circumstances such as an ill family member. In that case, the delay could be burying you in a mountain of bills. Carrying the costs of running the existing property and your new residence can become impossible if too much time goes by.
Are you wondering about an alternative way to sell your house? With a direct sale to Kingship Properties, you do not have to stress or worry about any repairs because we buy homes in as-is condition, saving you time and money! We save you time at Kingship Properties because we pay cash, and your closing could be as fast as seven days. There are no commissions taken off the top of your profit. The fair offer from Kingship Properties that you agree to is the amount you receive. A direct sale to Kingship Properties is a deal that will not fall through, eliminating the concern about holding costs. To learn more, send us a message or give our team a call today! (803) 702-0216