Selling to Hartland Realty vs Listing with a Realtor
When faced with difficult circumstances, should you list your home with a real estate agent (retail market) or sell to Hartland Realty Group or any other investor?
Obviously, selling on the retail market with an agent will get a higher sales price, but it is highly questionable if it will get you a bigger check at the closing. You see, most sellers will have to make repairs to their home on their own dime of course, and this may take some time. There are also opportunities for issues when doing the work yourself or if you encounter a bad contractor. You could end up with more headaches and feel like you just jumped out of an airplane without a parachute. After the time and money to get a home in retail condition, there will typically be a good amount of time spent on the market and doing showings to perspective retail buyers.
Selling to a real estate investor is easier in that an investor will typically pay cash for properties and make all the necessary repairs to the home. This results in a much shorter time period to sell your home and a lot less headaches along the way. Below, is an assessment of some of the pros/cons...well, really just a comparison between the two options.
Estimated costs assume the applicable house has a value of $150,000:
Obviously, selling on the retail market with an agent will get a higher sales price, but it is highly questionable if it will get you a bigger check at the closing. You see, most sellers will have to make repairs to their home on their own dime of course, and this may take some time. There are also opportunities for issues when doing the work yourself or if you encounter a bad contractor. You could end up with more headaches and feel like you just jumped out of an airplane without a parachute. After the time and money to get a home in retail condition, there will typically be a good amount of time spent on the market and doing showings to perspective retail buyers.
Selling to a real estate investor is easier in that an investor will typically pay cash for properties and make all the necessary repairs to the home. This results in a much shorter time period to sell your home and a lot less headaches along the way. Below, is an assessment of some of the pros/cons...well, really just a comparison between the two options.
Estimated costs assume the applicable house has a value of $150,000:
| Hartland Realty | Selling Through A Realtor to a “Retail Buyer” | |
| Number of Showings | Limited to 1-2. | Depends on how long house is on the market. It would not be abnormal for 20-30 showings. |
| Days on Market | Not Applicable. We close fast. | It depends on the market, however, it could be 3-9 months. |
| Closing Date | Usually 14-30 days. | Typically 30-60 days after contract signing. |
| Inspections and Appraisals | None required. | Most buyers need a loan to purchase a home and most, if not all, financing banks will require an inspection and appraisal. The close of the deal will be ependent on the results of both. |
| Commissions Payments | None. | Typically 6% of sale price ($9,000). |
| Closing Costs | None. We pay all closing costs. | Typically 2% of sale price, however, it can go up to 4% due to most buyers ask for assistance on their closing costs. ($6,000). |
| Repair Costs | None required. We pay for all needed repairs. | All retail buyers will want all repairs completed prior to closing. Furthermore, lenders will require all repairs identified in an insoection to be made. The amounts can vary between $8,000-$30,000+. |
| Cleaning Costs | None required. We take care of any needs after purchasing. | Houses on the retail market will need to be in pristine condition for showings. Professional cleanings will need to be completed, possibly multiple times if the house is occupied. |
Should You Sell to an Investor or List With a Realtor?
If your home is in marketable condition and you have an unlimited amount of time to find a buyer, then hiring a realtor may be a better solution. However, if you have a limited amount of time, money, and significant repairs needed, then an investor like Hartland Realty Group is probably the best solution for you.
