There are a number of costs that go into a traditional home sale. Sometimes the expenses simply aren’t worth it. Learn more about what to expect in our latest post!
When homeowners to choose to put their houses on the MLS with a Pittsburgh real estate agent, there are often costs they aren’t aware of and are unprepared for. Below we will discuss the costs you should expect with a traditional listing and when it makes sense to spend the money. We will also provide information about the alternatives out there that can benefit you!
Costs You Can Expect
For traditional costs when selling houses in Pittsburgh, homeowners can expect to pay commissions and making repairs and/or updates to the property, but there can be costs far greater than that. A commission will usually eat up about 6% of your final sale price, which alone is a high amount of money. But when you add in things like landscaping, marketing, photography, staging, and you holding costs (which are the costs you incur while the property sits on the market) for things like taxes, utilities, and insurance, homeowners will find that it is far more beneficial to sell the property sooner rather than later. And that’s not including the closing costs which will run another 1-3% of the final sale price! When listing your house with an agent in Pittsburgh, the costs will vary based on the value of the property and the competition, how many other similar properties are on the market. It is up to you to explore your selling options so you can ensure you are making the best decision for your situation and property.
When It Makes Sense To Spend
If your house needs little to no work and is in high demand, it probably best to list it with a Pittsburgh real estate agent. Make sure you are hiring both contractors and an agent whom you trust and can count on to get the job done for you. Paying for minimal repairs while feeling confident you will get your asking price is a no-brainer. However, if there is a lot of competition or if the property requires a lot of money to fix-up and repair it may not make sense to spend all the extra cash. Many people think that listing will be their best choice, but realistically, this isn’t always the case. Some properties will fare much better by being sold directly to cash home buyers.
Alternatives To Listing Your House In Pittsburgh
The best alternative to listing your house in Pittsburgh is to sell it directly to a professional buyer. When you work with a professional buyer to sell your house directly, you will be able to avoid things like making repairs, paying lofty commissions, and the extra closing costs. When you add it all up, this can amount for thousands of dollars you are able to keep in your pocket! Selling directly also benefits those who don’t have the time to go through the whole listing process with an agent. Some people need to sell their houses quickly, and in these cases, a listing with an agent may not be the best choice.
Keep in mind that not all home buyers in the Pittsburgh area are the same. When you choose to work with The Property Whiz, you can always ensure you will receive a fair offer for your house no matter what condition it’s in and will always be treated with respect. We take great pride in helping the homeowners we deal with. We believe in paying fair prices based on the current real estate market combined with the condition of the property. By avoiding commissions, repairs, and all of the other costs of a traditional sales, you may find that selling direct is the opportunity you have been hoping for! Get in touch with us today for a direct offer for your Pittsburgh house!