When it comes to selling your house, there are 2 main ways to do it: direct sale and standard sale. Both methods have pros and cons, but which is right for you? For homeowners, it can be difficult to determine which route to take when they sell their house; but don’t worry.
In this blog post, we’ll discuss the difference between direct and standard sales. Keep reading to find out!
What Is A Direct Sale?
A direct sale is when a homeowner sells their property to a direct buyer without going through a real estate agent. In other words, the homeowner is cutting out the middleman and handling the entire sale themselves.
This may sound like a good idea at first, but direct sales are often not as easy as they seem. Homeowners who go the direct sale route may have difficulty finding buyers and spend more money on marketing their home than they would have if they had used an agent.
What Is A Standard Sale?
A standard sale is when a homeowner lists their property with a licensed real estate agent and follows the process of listing, marketing, and showing the property until it’s sold.
This is frequently the best route for homeowners because they will have access to a larger pool of buyers and save money in the long run.
Direct Vs. Standard Sales
There are key things to remember when deciding whether a direct or standard sale is right for you.
Some differences between direct sales and standard sales are:
Commissions
When you use an agent to sell your home, they will charge a commission. This is typically around 5% to 6% of the sale price, but it can vary. You won’t have to pay a commission if you go the direct route.
Showings
When you list your home with an agent, they will handle all the showings. This means you won’t have to be home whenever someone wants to see your place. If you’re selling directly, you’ll need to coordinate all the showings yourself, which can be time-consuming.
Holding Costs
If your home doesn’t sell immediately, you may have to pay for holding costs like mortgage payments, insurance, property taxes, and utilities. These can add up quickly and put a strain on your finances. When you list with an agent, they typically cover these costs until the home is sold.
Money
Generally, you’ll make more money selling your home through an agent than going direct. This is because agents have the experience and connections to get top dollar for your property.
Sell Your House Today: We Buy Houses In Orange County, CA!
If you’re looking for a way to sell your house fast and without hassle, we’re the way to go. At OC Home Buyers, we buy houses in Orange County, and we’ll make you a fair cash offer on your home as-is. As professional home buyers, we have the experience and resources to help you sell your house fast.
We know that sometimes life happens, and selling your house the traditional way isn’t always possible. We’ll help you get through whatever situation you’re facing and will do everything we can to ensure the process is as smooth as possible. Get a free quote today.