You have decided to sell your house and you have been asking yourself if you should hire an agent to sell your house in Detroit, MI. Some of the questions that you should ponder are 1. Are you willing to pay commissions? 2. How long do you have to wait for the house to receive an offer? 3. How much time will it take to close? 4. How many of the repairs will you have to make? 5. Do you want to always be available to show your house with 24-hour notice, or less? If you are worried about the hassle that some of these questions could cause, then maybe it makes more sense to work with an investor in Detroit, MI.
No Property Showings
If you want to sell your house directly to a professional house buyer in Detroit, MI, you won’t have to worry about experiencing a roller coaster of emotions. There aren’t any frustrating, phone calls that occur in the middle of dinner asking if you can show your house to a buyer. You will not have to worry about possibly running into the buyer’s agent or even their clients or dealing with them if they ask you questions that you really don’t know the answer or should not answer anyway.
No Commissions or Fees
You won’t have to pay commissions when you work with an investor in Detroit. Both the buyer and seller’s real estate agents are paid by the seller by taking a percentage of the sale price of your house. I don’t know about you but this does not sound great. If you do not use an agent, then of course you will not be required to pay commissions to a buyer’s or seller’s agent. That means you will be saving thousands of dollars! The typical commission that will come out of the sale of your house is 3% per side. This means that if you sell your house for $100,000, you would have to pay $6,000 out of your proceeds in commissions alone, along with the regular seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. When you work with an investor like us here at Amaze Properties LLC you will typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.
Waiting Time Frame
It is true that real estate agents do have access to the multiple listing service, or MLS, which allows your property to be found in searches for when buyers are looking for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Your house will be competing with other houses on the market so if your house is not to the mass of buyers’ liking, then you may have to wait around for an offer. Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Detroit, MI directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
Not to mention the costs of waiting for the closing. If you must wait a long time to sell the house, the entire time it takes before selling your Detroit house, you are paying your mortgage if you have one, utilities, taxes, insurance, etc. and this all adds up.
Inspections & Repairs
Professional house buyers in MI will usually buy houses as-is condition. As the seller, this means you do not have to worry about making repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always include an inspection of the property in the purchase agreement. If the buyer finds something wrong with the property structure in the inspection, they may require you to fix it out of pocket before the property closes.
You Have Time
When you work with an investor instead of an agent to sell your Detroit house, you will likely have time after the closing to move out. When you work with an agent in Detroit, you are normally expected to vacate the house on or before the day of closing since the property
When you sell to us, you don’t have to worry about cleaning up after you move out or make any repairs. We buy your property as-is and will give you time to find your new house!