Costs of selling your house in Massachusetts or Connecticut with an Agent vs. to an Investor. Selling your Massachusetts or Connecticut home is a major choice. Now that you’re ready to sell, you need to think about how you’re going to do it. While most homeowners’ first instinct is to contact a certified real estate agent, why not consider selling to a professional investor such as those at Mass Property Buyers.
Because real estate is all about the numbers, it’s important to understand the costs of selling your Massachusetts or Connecticut home with an agent versus selling to an investor.
The listing contract includes marketing costs for selling your Massachusetts or Connecticut home with an agent. They lay out all of the actions that the agent will take to sell the home, which might vary greatly depending on the property.
Anything you need to do to prepare to sell your Massachusetts or Connecticut home with an agent will be included in the listing charges. Simple cleaning to get it ready for showings to major renovations to the home’s interior, appliances, and more could be included in these listing fees. An realtor will frequently advise sellers to spend in improvements to modernize a home’s amenities in order to satisfy the needs of technology. Other features they could recommend include space for two home offices or even a study place for school-aged youngsters.
Before closing, any repairs to the house will be paid for out of pocket. You would also have to pay for repairs if the inspection uncovered problems with your home that you were previously unaware of. In many circumstances, the lender will not authorize the loan if this is not the case. Alternatively, the purchasers may react by deducting their projected expenses for these repairs from the offer. Hiring an inspector can help you avoid this unpleasant revelation.
Staging costs cover the cost of depersonalizing the space, which will help you sell your Massachusetts or Connecticut home faster if you use an agent. Buyers who take a tour of the house can easily envision themselves living in a home that is devoid of personal items and displays a distinct personal sense in style. You may also have to pay for storage while decluttering your home.
When selling your Massachusetts or Connecticut home with an agent, you should discuss and agree on advertising costs before signing the contract. Expert photography for the high-quality photographs purchasers have grown to expect when searching listings online, as well as professional drone pilots to provide 360-degree virtual tours, are included in these prices.
When selling your Massachusetts or Connecticut home with an agent, commissions are paid for professional services such as marketing, paperwork, arranging for inspections, appraisals, and doing all of the legwork to bring a buyer to the door and finally the closing table. You can anticipate to pay a total commission of roughly 6% of the transaction price.
Holding charges for the time your Massachusetts or Connecticut home is on the market with an agent can quickly pile up, especially if you have had to relocate. Assume you’re selling for financial reasons. In that situation, the longer the property is on the market, the more monthly payments you’ll have to make for your mortgage, insurance, and taxes, as well as all of your other utilities. For the entire family, the stress of this scenario can produce sleepless nights and tremendous stress.
An investor does not have any of these costs! And, because most investors pay cash and acquire your house as-is, you can close quickly, often in only a few days!
With little to no closing time to consider, it’s clear to see how selling your Massachusetts or Connecticut home to a professional investor like Mass Property Buyers may save you time and money! Are you ready to sell your home in Massachusetts or Connecticut ? Today, call Mass Property Buyers at 413-455-0008 or send us an email!