*Sigh* If you have been through the process of listing a Portland house on the MLS with a real estate agent, you know that, in some cases, it can be a hassle. From dealing with showings to waiting for offers, the process can be time-consuming and stressful. Of course, in some situations, using an agent can be great! But this doesn’t apply to every house. In this post, we discuss a few of the difficult parts of listing a house you need to be aware of and why you may want to consider selling your property to an investor instead.
Hassles of Using a Traditional Listing to Sell Your House
1. Property Showings
One of the biggest hassles of listing your house on the MLS in Portland is dealing with showings. If you’re still living in the house, you have to constantly keep it clean and tidy to prepare for potential buyers to come in and look around. This can be especially difficult if you have kids or pets. And if you’re not living in the house, you have to constantly coordinate with your real estate agent to make sure they can get in to show the house to potential buyers. This can be a major inconvenience, especially if you have a busy schedule.
2. Waiting for Offers to Come In
The thing about listing your house in Portland is that there are no guarantees. You’ll need to be patient while you wait around for qualified offers to come in. Depending on interest rates and the market, it can take weeks or even months for an offer to come in. During this time, you still have to pay your mortgage, property taxes, and other expenses associated with owning a home. This can be a major financial burden, especially for homeowners who are trying to sell their houses quickly.
3. Costs of Hiring a Portland Real Estate Agent
Real estate agents typically charge a commission fee of 5-6% of the sale price of the house. This means that if you sell your house for $300,000, you’ll have to pay your real estate agent $15,000-$18,000 in commission fees. This can be a major hit to your bottom line and can significantly reduce the amount of money you make from the sale of your house. Depending on the agent, you may also b on the hook for marketing costs, listing fees, and more!
4. Repairs and Renovations
Before you can list your house on the MLS with a Portland real estate agent, you typically have to make repairs and renovations to make it marketable. This can include things like painting, replacing flooring, and updating appliances. Depending on the condition of your house, these repairs and renovations can be expensive and time-consuming. And if you don’t make the necessary repairs and renovations, your house may not sell, or you may have to accept a lower offer.
So what’s the solution? Selling your property to an investor. Here are four reasons why:
1. No Property Showings
When you sell your property to an investor, you don’t have to deal with any property showings. Investors typically buy houses as-is, which means you don’t have to worry about cleaning, repairing, or renovating your house. This can be a major time-saver, especially if you have a busy schedule or if your house needs a lot of work.
2. A Fast Closing
Investors such as Bridgetown Home Buyers typically close on houses much more quickly than traditional buyers. This means you can sell your house and get your money much faster than listing it on the MLS. This can be especially beneficial if you’re in a hurry to sell your house.
3. No Costs, Commissions, or Hidden Fees
When you sell your property to an investor, you don’t have to pay any commission fees. This means you get to keep more of the money from the sale of your house. And because investors typically buy houses as-is, you don’t have to worry about making repairs or renovations, which can save you even more money.
4. A Cash Offer
Investors are typically not reliant on banks and will make cash offers on houses. This means that you don’t have to worry about waiting for financing to go through. This can be a major relief, especially if you’re in a hurry to sell your house or if you’re worried about the buyer’s financing falling through.
Listing your house on the MLS with a Portland real estate agent can be a great choice, but for some houses, it can become more of a hassle. From dealing with showings to waiting for offers, the process can be time-consuming and stressful. Selling your property to an investor can be a much simpler and more convenient option. With no showings, quick closing, no commission fees, and cash offers selling your property to an investor can help you sell your house quickly and with minimal hassle. If you want to sell your house fast in Portland, reach out to our team to find out what we can do for you! 503-765-9326