If you have been through the process of listing a Eugene or Lane County house on the MLS with a real estate agent, you know that, in some cases, it can be a hassle. From finding an agent, to dealing with showings, to waiting for offers, to potentially taking on a ton of repairs or concessions, the process has the potential to be time-consuming and stressful (sometimes it takes multiple offers and more than one contract). Please don’t misunderstand, of course, in some situations, using an agent can be great, but this doesn’t apply to every house because everyone has their own set of circumstances. 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.
Potential 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 Eugene is dealing with showings. If you’re still living in the house, not only do you have to constantly keep it clean and tidy to prepare for potential buyers to come in and look around, but your day is consistently interrupted by showings. This can be especially difficult if you have kids or pets. If you’re not living in the house, you have to go by the property after showings to be sure that the place is ready for the next one. This can be a major inconvenience, especially if you have a busy schedule or prefer privacy.
2. Waiting for Offers to Come In
The thing about listing your house in Eugene is that there are no guarantees and buyers can drop out easily. 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, and with interest rates the way they are currently, homes are taking longer to sell on market. During this time, you still have to pay your mortgage, property taxes, utilities, 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 Eugene 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 more of hit to your bottom line than you’d like to take and can significantly reduce the amount of money you make from the sale of your house. Depending on the agent, you may also be on the hook for marketing costs, listing fees, and more. Your agent may also recommend that you stage your property to prepare for showings, this may be an additional financial factor that you have to take into consideration.
4. Repairs and Renovations
Before you can list your house on the MLS with a Eugene 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. They may also cause a buyer to continually want to renegotiate as inspections happen or they go out to find bids from contractors on the needed repairs. If you disagree with their contractor it may mean having to schedule someone for a second opinion or having to make concessions with the buyer. Sometimes these repairs even go beyond making the house marketable, they can actually be required to make the home financeable for a traditional loan.
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 only have to do one showing, and that’s the walk through with us to see the property. 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 that you don’t have the time or resources to take on. We also always strive to be as non-intrusive as possible when we come to see the home.
2. A Fast or Specifically Timed Closing
Investors such as Property Bridge 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. On the other hand you can also take the time you need to close and allow yourself to get your affairs in order how see you fit. Either way, investors such as ourselves want to work with you to sell your house on your timeline.
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. You’ll know exactly how much money you’ll receive upon the sale of your home and that amount won’t change in the process once the terms are agreed upon. Our intention is to make sure you know every aspect of the contract, and we don’t use bait and switch tactics.
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 Eugene real estate agent can be a great choice, but for some houses, it can end up becoming more of a hassle. From dealing with showings to waiting for offers (potentially multiple contracts), to taking on what can be endless repairs or negotiations, 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 except the initial walkthrough, a quick closing, no commission fees, no repairs, and a cash offer, selling your property to an investor can help you sell your house on your timeline and with minimal hassle. If you want to sell your house fast in Eugene, reach out to our team to find out what we can do for you! (541) 833-0304
…and please keep in mind, there is no obligation or pressure to sell to us if you’d like to receive an offer. Even if you’re simply weighing your options we’d love to hear from you. Also, it’s free!