Hi guys! What are you doing? Oh, you were all discussing the FSBO listing? Well, We Buy Fast Houston Houses is glad to know we’re still talking about real estate despite the fact that these are turbulent times. But you know it’s not easy for us to leave without chiming in, right? So, this is all we have to say.
When it comes to the For Sale By Owner method of selling, you have to make sure you comprehend what’s required of you and more importantly, the costs involved. The costs have to be taken into account because if you don’t, things will go south faster than you can blink.
What are the costs? We’re glad you asked because we were just about to list them here.
We decided to start with the real estate agent’s commission because it’s the big one. And if you’re having a hard time believing us, let’s just put things into perspective. Imagine you’ve found a buyer, and they are ready to make you an offer. They eventually do, and after negotiations, you decided to sell my house fast at $400,000.
That’s some good money, right? But the question that you need to be asking yourself is, how much of that money will go into the agent’s pocket? We’ll tell you how much; it’s $24,000.
Yes, that’s right. 6% of that money will cater to the cost of hiring the middle guy even if they didn’t help you much. So, are you ready to pay that? Keep on processing all that information while we move on to the next one…
The Repair Costs
When was the last time you checked what was going on with your roof? Have you ever replaced your gutters? What about your foundation? How sure are you that you have a solid foundation?
We don’t want to sound like we’re trying to discourage you or anything but these questions are actually important. Houston, Texas homebuyers are savvy nowadays. No one will show up with an offer unless you let them inspect the property for any damages. And if they find any, they’ll either use it to negotiate down the price or just walk away.
By the way, saying that selling my home fast in Houston, Texas without repairs is an uphill battle is an understatement. Many have tried and failed. You’ll have to work on those repairs or risk losing the house for nothing.
Time’s money, right? So if you’re losing a lot of time, you’re losing a lot of money. And that’s why We By Fast Houston houses added commitment in this list. A buyer will expect you to be available 24/7 and that’s not a good thing if you’re the type of person who has a multitude of other projects. It might not seem like a big deal at the beginning but as time goes by you’ll see what we mean.
Should We Take The Direct Sale Route?
Yup! That’s what you need to be talking about actually. Let’s not waste even more time focusing on the FSBO method. Selling to a cash investor is the fastest way of selling any kind of property in Houston, Texas. If you need more info on that, reach out to We Buy Fast Houston Houses.