Realtors are accomplished professionals. They understand their market inside and out. But they also charge a pretty penny for that knowledge. If you’re considering selling a house in Columbus, you might be wondering if you could just “DIY” the sale.
It’s easier than you think — especially if you work with a cash home buyer.
Why Should You Sell a House Without a Realtor?
What exactly is the role of a realtor? A realtor or real estate agent will:
- Determine your home’s listing price.
- List the house on the MLIS.
- Show the house to prospective buyers.
- Negotiate on your behalf.
- Get your closing documents signed.
Sure, those are important things. But they’re not necessarily required things, and they’re very expensive.
Selling a house without a realtor means that you can save thousands or even tens of thousands of dollars. Many people list their houses as “for sale by owner” so they don’t need to go through or rely upon a realtor.
There’s nothing saying that you can’t do your own showings or your own negotiations.
In fact, you might not have to.
Selling a House on the Open Market
Why is it a challenge to sell a house on the open market? Mostly because you have to deal with buyers. When you sell your house, you need to repair it up to the standards of mortgage lenders. Mortgage companies don’t want to lend money for homes in as-is condition. They want to see homes that they would be able to sell if they have to foreclose on their borrower. They will insist on an appraisal, and they will insist that things found on the inspection report are fixed before you can sell.
So while it’s easy to sell a house on the open market — you just need to list your home for sale and then start showing it to buyers — functionally, it can be difficult to secure buyers. You can have a real estate attorney prepare your sales documents and an escrow company handle the actual transfer itself. That’s not the problem. The problem is that selling a house on the open market is tough with or without a realtor.
Some people have to go months or even years with their property on the market, depending on how hot the market is and how reasonably their house is priced. Others never get off the market because their house is “too old,” “too ugly,” or “too outdated” for modern buyers to even be interested in it.
Working With a Cash Buying Company
Thankfully, there is a way that you can sell your house without a realtor in Columbus and not have to deal with buyer after buyer. That way is selling to a cash buying company.
Companies like We Buy Houses Columbus are able to make you a cash offer on your property. You can accept this cash offer and close within days. That’s it. There’s no realtor. There’s no negotiations. You don’t have to schedule an Open House Sunday or make any repairs or renovations to your house.
We Buy Houses Columbus will purchase houses in any condition, even if they have major issues that would prevent them from being in “move-in” condition. These aren’t homes that a mortgage lender would let their borrowers purchase, but a cash home buyer can purchase any property they want. Furthermore, you won’t need to pay those exorbitant real estate costs. You’ll have a few low, transparent fees associated with the transfer.