Thinking of listing your home? It’s critical to be aware of these 6 facts about selling your house in Baltimore that your agent will not tell you. Don’t waste time and money by not understanding everything that lays ahead in the traditional listing process of today. Before calling a real estate agent to sell your property, read about and consider these important lessons.
Inconvenience
Dinner time? While you may consider sitting down at the table together as a family highly valued time, the dinner hour, evenings after work, or during your weekend, are the most requested times for your potential buyers to walk through with their agent. It’s uncomfortable to have a crowd of strangers walking through your private space and looking at all of your belongings, especially without your supervision, but it is a real estate agent’s job to be certain that as many strangers as possible do just that. Likewise, you’ll need to keep your house clean and in perfect showing condition at all times because potential buyers will often arrive with little notice. Be prepared to plan your family’s entire schedule around showings or open houses for the weeks and months it may take to find the right buyer. This is one detail about selling your house in Baltimore that an agent will not tell you.
Closing Delays
Show me the money! Because the traditional process for buyers is based upon the completion of lengthy inspections and appraisals, as well as other deadlines and hurdles that you’ll be jumping, closings can often be delayed. It is common for the closing process to take up to 60 days, and sometimes even longer, through conventional financing in traditional real estate. This is another fact about selling your house in Baltimore that an agent will not tell you.
Days on the Market
Are we there yet? While your real estate agent may be able to tell you the average days on the market for listings in your neighborhood, one thing they can’t tell you for sure is how many days it will take to sell your specific property. With no way of having a realistic picture of the possible length of your timeline, the plans you have made may all be in vain. If things take too long, you may also find yourself responsible for two properties if you are forced to move before the sale is completed. This is another piece of information about selling your house in Baltimore that an agent will not tell you.
Contingencies
The deal is off? The reality is, your sale can fall through if a contingency isn’t met. Contingencies are provisions in the contract that must be satisfied before the sales contract is completed, and are common in traditional real estate. For example, if your buyer’s inspector found a flaw in your house, or your house failed to appraise for the agreed upon purchase price, the buyer or the buyer’s lender may ask their agent to renegotiate or even walk away from the deal. This is a fact that can be devastating to learn the hard way, about selling your house in Baltimore that an agent will not tell you.
Repairs
After months of evenings and weekends of do-it-yourself handyman tasks in preparation of selling, your house is perfect right? Inspections are a required part of traditional listings, unfortunately, and they can also reveal very expensive secrets. Depending on the nature of the previously undiscovered issue that was found during the inspection of the property, the costs to remove or repair the problem could easily run into the thousands. Also, these repairs are often required to be done by a licensed contractor even if it’s something you’re perfectly capable of doing yourself. Another fact about selling your house in Baltimore that an agent will not tell you, you’ll be responsible to complete any repairs required by the lender or a contingency. Failure to complete the repairs, regardless of your available funds or sufficient time to do so, will void the contract.
It’s Expensive
Commissions, fees, marketing, staging, renting storage units to decrease clutter, and closing costs. Your real estate agent will ask you to make visual changes which could include updating or remodeling that could cost thousands. In addition to the percentage that real estate agents and their broker’s will take from the total sale price in commissions, you’ll have to pay out of pocket for the marketing and for the photographer, sometimes including a drone pilot, for your online presence. Along with these costs, you’ll be asked to pay for staging with the goal of making your home appeal to the maximum number of buyers which has been proven to help in a quicker sale with a higher purchase price.
Of course this may require you to put some of your furniture and possessions in storage until the home sells. Depending on other factors, you may also be on the hook for additional expenses at the closing. All of this reduces the profit you’re expecting. Carefully consider all of these factors that will take away from your bottom line, when selling your house in Baltimore that an agent will not tell you.
Inconvenient, costly, time-consuming, and offering no guarantees are the facts about selling your house in Baltimore that an agent will not tell you. We Buy Houses Cash Baltimore saves you money, time, and provides you with a guaranteed and very quick closing date. These are just a few of the reasons why a direct sale to We Buy Houses Cash Baltimore may be better for you. Send us a message or call 4433992286 today to find out more!