A question that has likely popped up in the mind of every homeowner willing to sell his house in Birmingham AL is “can I sell my property without a realtor?” And really what do you need to know before you sell your house in Birmingham? This article answers these questions.
Can I Sell My Property without a Realtor in Birmingham, Alabama?
Definitely. There are two ways to go about selling your property in Birmingham, Alabama.
- Have a realtor or estate solutions company do the trouble
When ready to sell a property in Birmingham, the first option is to have the sales managed by a realtor or an experienced estate solution company such as Rhed key. Having your property handled by an agent saves you the bother of marketing your home yourself. It also saves you time and energy. However, you get all of these at the price of a commission.
- Property for sale by owner
Option two, you could have your house sold directly to an Alabama cash buyer without going through a realtor. Doing this means that you get to keep the profit from the whole sale to yourself without having to bother about an agent’s fee.
Should I Sell My Property Without a Realtor?
While you could sell your house in Birmingham without a realtor, the real question is should you do so? To answer this question, we’d consider both ends of the balance? Here are the pros and cons of selling your property in Birmingham, Alabama without a realtor.
Pros
1. Keep More Money
Selling without employing the services of a realtor means you don’t have to pay for the services of a realtor. In essence, you get to keep the profits from your home sale without the bother of the commission for the sales agent.
2. Complete Control
No realtor equals autonomy over your sales. You have complete control over the sale and can get creative about it. Since you’re not having a solutions company handle the sales and negotiations, you need not listen to any agent on how to go about the sales of your own house. If you’ve gathered a lot of experience in marketing in the past, you have the liberty to put it to work.
3. Absolute Concentration
Unlike the realtor who has numerous clients and homes to sell, you only have yours. So, you can devote your full attention to getting your house sold. You get the liberty to market your own way and do it extensively.
Cons
1. Less Profit Than Expected
When you don’t use realtor you save the money on commission and make more profit, right? Wrong! It’s never that simple. While having your house sale by owner may save you the commission of an, it also puts you at a disadvantage. First, you will likely not attract, on your own, a high price for your home as a professional will. Second, mistakes may cost you financially.
2. Marketing Is Complicated Work
Marketing a home is more complicated than easy. Yes, you can list your home but so can everyone else. Why should an Alabama cash buyer purchase yours and not another’s? Marketing a home takes skill, time and energy. All of which a realtor has at his disposal because he is trained to market homes.
3. Legal and Safety Risks
Opening your home to strangers repeatedly poses an enormous risk and so does disclosing your personal information. Burglary and identity theft are possibilities. You could even be swindled by a Con Artist.
Real estate agents have standard measures to protect themselves and their clients from these. Deciding to sell your house in Alabama without a realtor means you have to deal with these risks on your own.
4. Time Is Money
Having a realtor handle your house sale means they get to talk to potential buyers about your home with or without your presence. On the other hand, a house sale by owner requires that the homeowner be present to do the marketing and showing. So, except you have all the time on your hands going HSBO might just be shooting yourself in the right foot. If you have to go to work or you’re unavailable when a buyer comes for showing, it takes a negative toll on your house sale.
5. Realtors Are Unlikely to Show a FSBO Home
Another downside to having your home for sale by owner is the reluctance of the buyer’s agent to show your home. In an FSBO deal, there is no professional colleague at the other end of the transaction. So even if a client requests to see your home, the agent might discourage it, highlighting the risks of closing a deal without a professional representing the homeowner.
Final thoughts
Could selling your house without a realtor put more cash in your pocket? Certainly. However, is it worth the stress? We don’t think so. Nonetheless, you now have enough info to weigh both sides. If you’re willing to sell your house in Birmingham without stress and unreasonable commission rates. Contact us today, we buy houses in Alabama. As-is or repaired, you get a quote without delay. No hidden charges.