Selling with a Real Estate Agent
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Market Price Potential: Generally aims to sell your home for the highest possible market value, as the agent's commission is tied to the sale price.
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Commission Fees: Typically involves a commission fee (often 5-6% of the sale price), split between the seller's and buyer's agents, paid from the sale proceeds.
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Timeframe: Can take weeks or months to sell, depending on market conditions, property appeal, and buyer interest.
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Marketing & Exposure: Agent actively markets your home on the Multiple Listing Service (MLS), various real estate websites, social media, and through open houses, reaching a wide pool of potential buyers.
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Negotiation: Agent handles all negotiations with potential buyers, aiming for the best terms and price.
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Condition of Home: Often requires the seller to make repairs, improvements, or stage the home to attract buyers and pass inspections.
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Closing Costs: Seller is typically responsible for various closing costs, such as title insurance, transfer taxes, attorney fees, and escrow fees (usually 2-5% of the sale price).
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Paperwork & Legalities: Agent assists with complex contracts, disclosures, and legal paperwork, ensuring compliance.
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Showings: Requires multiple showings to potential buyers, which can be disruptive.
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Appraisal & Inspection: Sale is typically contingent on buyer's financing (appraisal) and a satisfactory home inspection
Selling to a Wholesale Dealer
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Discounted Price: Expect to sell your home significantly below market value, as the wholesaler needs to purchase at a discount to make a profit.
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No Commission Fees: You pay no real estate agent commissions, as the wholesaler is typically an investor buying directly from you.
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Fast Closing: Offers a very quick closing process, often within days or a couple of weeks, ideal for sellers needing to liquidate quickly.
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No Marketing Needed: You do not need to market the property; the wholesaler identifies and approaches you directly or through their marketing efforts.
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Minimal Negotiation: The wholesaler will present an offer, and negotiations are generally straightforward and focused on a quick, "as-is" sale.
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"As-Is" Condition: Wholesalers buy properties in their current condition, meaning you do not need to make any repairs, renovations, or clean-ups.
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Reduced Closing Costs: Wholesalers often cover most or all of the closing costs, further reducing your out-of-pocket expenses.
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Simplified Paperwork: The process involves minimal paperwork on your part, usually a simple purchase agreement.
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No Showings: Typically involves only one or two visits from the wholesaler to assess the property.
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No Appraisal or Inspection Contingencies: The sale is usually not contingent on financing, appraisal, or detailed home inspections.
