Knowing your best selling options can be a smart move before selling your property in Lancaster County. In this post, you will know what selling option can work best with you!
Most people would think that they can successfully sell their properties by hiring a real estate agent and let it do the business. Meanwhile, there are people who opt to choose to sell their houses on their own, either using FSBO listing or direct sales as their means to market their property. These two eliminate the costs for the repairs and commissions. However, in choosing your best selling option, you must consider the time commitment required for each type and the financial aspects to be involved. Here are some basic comparisons that you might consider.
Agent vs. FSBO vs. Direct Cash Buyer: A Side-by-Side Comparison
| Factor | Hiring an Agent | FSBO (Selling It Yourself) | Direct Cash Sale |
|---|---|---|---|
| Typical Timeline | Weeks to months, after listing and escrow | Unpredictable, could take months with no guarantee | As little as 7 days |
| Commissions/Fees | Typically 5-6% in agent commissions | No agent commission, but you cover your own marketing and legal costs | No commissions or fees |
| Repairs/Prep Needed | Often expected to stay competitive on the MLS | Optional, but skipping it can slow down a sale | None, sold as-is |
| Your Time Commitment | Moderate, agent handles showings and marketing | High, you handle marketing, showings, and paperwork | Minimal, we handle the paperwork |
| Certainty of Closing | Can fall through during inspections, appraisals, or financing | Depends entirely on finding and vetting your own buyer | High, cash offer with no financing contingency |
Direct Sale
A direct sale of your property will enable you to sell your property quickly and effectively. Working with We Buy Lancaster Houses will eliminate all the costs involved like marketing, repairs, and commissions. You won’t also need to spend more time in making upgrades or cleaning with your property. We handle all the paperwork and be able to put cash in your hands right away. Unlike the traditional sale which can take months, selling directly in We Buy Lancaster House will only take as little as 7 days to close the deal. We can work with your preferred schedule to make the process as simple as possible for you.
Selling On Your Own
This selling option will require you a great effort and time to know all the legal procedures and marketing process. You must have real estate knowledge to be able to understand the lawful procedures and the local market to easily spot a good offer. Aside from this, you will deal with all the advertising process on your own. This can include newspaper ads, online listing, print materials, open houses, and signage. If you do find a potential buyer, you must be able to handle well all the inquiries and all the paperwork involved. If you opt to use this method, it is highly recommended to seek a local real estate attorney to make sure all the procedures are well taken care of legally. For a full walkthrough of the FSBO process, check out our guide on how to sell your house without a realtor.
Hiring An Agent
Getting an agent in Lancaster is a choice when you don’t have to bother the upfront costs, commissions, and when you don’t have the time to be hands-on in selling your property. When you post your house in the MLS, there will be a tendency to do professional cleaning, repairs, and upgrades to make it rank as competitive compared with the other properties. After the listing is done, your agent will schedule showings to the prospective buyers which in most cases can make them feel uncomfortable since you aren’t around. Thus, decreasing your chances to sell your property. With that, you are going to wait for an offer again which can last for days, weeks, months, or sometimes even never at all. If you luckily find a buyer, you will then have to go through the escrow process which entails inspections, appraisals, and other red-tape from the lender. Once the offer is accepted, the actually closed deal can happen in weeks or months. Before you sign a listing agreement, it’s worth reading our 5 Questions to Ask Yourself Before Hiring a Lancaster Real Estate Agent.
Here at We Buy Lancaster Houses, we want to guide you in making the possible decision in choosing the best selling options for you. We make sure to explore all the selling options first before you jump in selecting any selling options for your Lancaster home.
Do you need any assistance as far as the different selling options for your Lancaster home? Contact us today at (717) 715-0010.