How to Sell a House without a Real Estate Agent
When a recent Seller came to us, he knew the house couldn’t be sold on the open market without extreme difficulty and costly repairs. He learned that he wasn’t required to use an agent at all! Through a friend, he found us and started a conversation about what he needed to get out of the house and what his goals were.
For this particular Seller, he wanted to have the money as a down payment on a future house out of state. He didn’t need the money immediately and since the house was paid off, he was extremely concerned about the tax implications and avoiding paying high real estate agent commissions. We talked through his options and made an offer that hit his target $ amount and also gave us the financial room to do the repairs. He wanted to spread out the purchase over 2 tax years so we were able to structure that with the help of Daggar Law and Hocking Valley Title. In the end, he was able to receive the full amount he wanted with interest over 2 years.
Several Key Points to know about Working Directly with Us to Sell a House without a Real Estate Agent:
Selling a distressed house to a real estate investor like us without a real estate agent can be a smart option for several reasons:
1. Speed and Convenience:
Fast Closing: As Investors, we can often pay in cash and can close the deal much faster than traditional buyers who rely on mortgage approvals, inspections, and appraisals. This can be crucial if you need to move quickly due to financial difficulties, relocation, or other pressing circumstances. If the title is clear, we may be able to close in as little as 7 to 14 days.
Simplified Process: Selling to an investor like us typically involves less paperwork and fewer contingencies than a traditional sale. You avoid the lengthy process of listing, showing the property, and waiting for buyer financing. Plus you talk straight to us avoiding the real estate agent game of playing telephone tag. That wastes so much time and energy!
2. Sell As-Is, No Repairs Needed:
Avoid Costly Repairs: Distressed houses often require significant repairs that you may not have the time, money, or desire to undertake. Since we are long time investors (23 years!) we buy properties in their current condition, saving you the expense and hassle of renovations, cleaning, and staging. Everything is confidential so we never disclose anything about the condition of the house avoiding public knowledge of its condition. You don’t need to worry about the potential unwanted attention making the house a target for vandalism or squatters by listing the house publically on the MLS with an agent.
Reduced Stress: You can skip the stress of preparing your house for showings and dealing with potential buyers' repair requests after inspections.
3. Certainty of Sale:
No Financing Contingencies: You don't have to worry about the deal falling through due to the buyer's inability to secure a loan since we typically close with cash. This provides greater certainty and peace of mind.
4. Financial Benefits:
Avoid Foreclosure: If your house is distressed due to financial issues, selling to an investor can provide a way to get cash quickly and avoid the negative consequences of foreclosure, such as damage to your credit score.
Debt Relief: The cash from the sale can help you pay off outstanding debts and move forward.
No Agent Commissions or Fees: You typically don't have to pay real estate agent commissions or other traditional selling fees of 6%, potentially saving you a significant amount of money.
5. Hassle-Free Transaction:
No Showings or Open Houses: You avoid the inconvenience of scheduling and hosting numerous showings for potential buyers.
Leave Unwanted Items Behind: We will allow you to leave behind any unwanted belongings, saving you the effort and cost of disposal (See our full article HERE on this topic).
In the Lancaster, Ohio market, numerous real estate investors and "we buy houses for cash" companies are actively looking for distressed properties. Some investors are honest and others do NOT have the ability to close the deal and waste your valuable time. Feel free to Google us! We’re real people, born and raised here in Lancaster and serious about making sure our hometown is restored.
We will be honest upfront about the value of your house in its current condition. Please understand, we cannot pay full market retail price because we must build in the cost of repairs. We know you’re an adult and understand the simple costs of restoring the house and that we must provide for our contractors a living wage while feeding our own family. Hence, while you might not receive the full market value that a fully repaired and listed house could fetch, selling quickly to us offers a practical and efficient solution for unloading a distressed property quickly and with minimal hassle.
Our commitment to you is that we will provide a fair offer and treat your situation with respect. If we can help you, fantastic, but if not we WILL still connect you to resources or other companies that may be able to help. Either way, a simple conversation is the next step to get the process started text or call us at 740240-6222.
