When you sell your house to an investment group such as Houton House Buyers, or even a single investor, you avoid using a real estate agent. So that is your second way of avoiding paying commissions. Depending on your house, it might be the right call.
I’ll level with you: if you live in an expensive neighborhood and your house doesn’t require thousands in repairs, you might be off selling on the real estate market. Hiring an agent helps ensure you get top dollar for your home, which, in this situation, will still be a huge sum even after commissions.
Let’s say you’re not in that situation. You live a simple life in a simple home. But now it’s time to upgrade. Part of your simple lifestyle is maximizing dollars, so you want to avoid hiring a real estate agent. Here’s the equation for how much money you’ll gain when you sell:
Sale price – remainder on mortgage – repair costs – cosmetic costs – advertising costs – other fees = money in your bank account
When you sell to an investor, the equation is much simpler:
Sale price – remainder on mortgage = money in your bank account
Again, we’ll stay on the level. The sale price will certainly be higher in the first equation. You’ve taken the time and effort to repair the house and get it in maximum saleable condition. But are you concerned with the sale price, which sits on the left of the equal sign? Or are you interested in the number to the right of the equal sign?
It’s the only number that matters.
What’s better, the effort is simple. You just look for a local real estate investment group or individual. You’ll have to do some homework — like any industry, there are bad apples among us — but once you feel comfortable you can just call us up and we’ll come to your house and deliver a no-obligation quote. (If you don’t get a free quote or there is any other obligation involved, chances are you’re dealing with one of those bad apples.)