The Pros and Cons of Hiring An Agent To Sell Your House in Memphis

The Pros and Cons of Hiring An Agent To Sell Your House in Memphis

Not every home is well suited to the traditional listing process, and not every seller has the option of waiting for a buyer. Unfortunately, listing as an FSBO doesn’t tend to work in favor of sellers; taking longer to sell for less profit, and most often, these sellers move the listing to an agent. Another option is to sell your house to a professional home buying company in Memphis. We buy houses Memphis residents need to sell fast and offer them all-cash deals for properties in as-is conditions, with closing periods of less than 15 days. If a direct sale is not ideal for you, read on as we explore the pros and cons of hiring an agent to sell your house in Memphis.

Pros

Marketing

More often than not, sellers are hiring an agent to sell your house in Memphis because they’ll list your home on MLS and have professional marketing skills, bringing qualified buyers. Today’s highly competitive market moves at lightning speed under the fingertips of homebuyers online, so agents also employ professional drone videographers and photographers to help your listing stand out from the competition. In addition, they’ll schedule the showings and present your home in its best light, typically utilizing the skills of professional stagers. 

Paperwork and Deadlines

Additionally, agents hired to sell your house in Memphis handle the legalities of paperwork because sellers want to avoid missteps. So it’s comforting to know they’ll make sure to meet any deadlines and is staying on top of the details of a highly complex transaction with lots of moving parts. They’ll schedule the inspection and the appraisal and work with a network of professionals to bring your deal to a close.

Buyer Buffer

Agents act as a buffer between sellers and buyers. Buyers can make thoughtless comments during showings that could easily insult sellers. Sellers may accidentally reveal information to buyers, giving them an advantage in negotiations. Agents hired to sell your house in Memphis negotiate the numbers. 

Cons

Leadership

An agent hired to sell your house in Memphis should take the lead; you aren’t getting what you’re paying commissions for if they do things your way. There is power in the asking price; listing with the right price from the start offers the best advantage to the seller. An agent allowing you to set the price based on the emotional valuation of your home has the advantage. They’ll still get paid after waiting you out and then advise lowering the price when it doesn’t sell—however, the number of days listed on the market matters. Homes with more days on the market sell at lower final sales prices. Professional homebuyers like those at Fair Cash Deal offer sellers the advantage of making an educated decision about what works best for them. The professional home buyers at Fair Cash Deal provide you with the full details on the value of your home, how much you would profit from listing vs. a direct sale, and how we reached our offer, which you’ll agree is fair. 

Expenses Pre Sale

One expense of listing that many sellers overlook is the cost to hold the property while it’s listed, which depletes your profits. In addition, before your home is listed, you’ll be spending money, time, and energy to prep and make repairs and jump through hoops to keep your home spotless for showings. Finally, the marketing expenses also fall on your shoulders when hiring an agent to sell your house in Memphis. These expenses include fees for all professionals involved in the listing process. And, if your agent hires a professional stager, you’ll likely pay storage expenses for the extra belongings they advise you clear from the home. You’ll also pay for the professional inspector and appraiser. In addition, dependent upon the buyer’s contract or the lender’s requirements for the deal to be approved, you may spend thousands on additional repairs. Professional home buyers like those at Fair Cash Deal buy homes in as-is condition for cash, so you’ll have no showings or photographers to worry about prepping for, which means no pre-sale expenses.

Closing Payouts

You’ll pay for the closing when you hire an agent to sell your house in Memphis; closing fees typically average 2 to 7 percent of the purchase price. Deducted from your final payout are commissions or broker fees, closing or escrow fees, transfer taxes on the sale, title insurance, and prorated property taxes, HOA or attorney fees, if applicable, or agreed to fees on behalf of your buyer to secure the deal. On the other hand, with a direct sale to a professional home buyer like those at Fair Cash Deal, you’ll pay zero closing costs and set your guaranteed closing date for the day most convenient for your move. We often close within a few weeks or less and never charge commissions or hidden fees.

The professional home buyers at Fair Cash Deal offer an alternative for you to sell your house in Memphis. To help you understand all of the advantages a professional home buyer brings to the table, why not talk to one of our seasoned experts and learn more. Call Fair Cash Deal at (901) 531-9917.

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