A Traditional Listing vs. A Direct Sale
No matter your reason for wanting to sell, you should always be aware that you have options. What is right for one property, might not be right for another. Which selling strategy will help you reach your goals? We compare two of the more popular options below!
|A Traditional Listing|
|Commissions / Fees:||With a traditional listing, you can expect to pay 6% of the final sale price to the agents’ involved + any applicable fees||There are no fees or commissions with a direct sale to Texas Trust Home Buyers|
|Who Pays Closing Costs?:||The seller. Typically around 2% of the final sale price.||We do.|
|Inspection & Financing Contingency*:||Yes. In most cases, a buyers lender will require this. And keep in mind, up to 15% of sales fall through.||No. We buy as-is and do not use bank financing.|
|Appraisal Needed:||Yes. Lenders will require the home to appraise at a certain amount before releasing funds.||Not required.|
|Average Days Until Sold:||54-85 days on the market, plus the time it takes to go through escrow.||We are able to close in only a few days.|
|Number of Showings:||Unknown. This is different for every house.||1 (Just Us)|
|Who Pays For Repairs?:||Negotiated between the buyer and seller after the inspection.||We do.|
|Will You Receive Your Asking Price?||Unknown. Your agent should work hard to get the price you want, but there are no guarantees.||Our offer will likely be less than retail. However, the amount of time and money you save can balance this out.|
Run The Numbers For Yourself and Find The Method That Makes The Most Sense For YOU!
There are benefits to BOTH ways of selling! No two set of circumstances are alike and that is why you should explore ALL options before deciding how to sell!
And Keep In Mind, There Are Many Additional Benefits a Direct Sale Offers That a Listing Can’t.
A fast closing, done on your schedule…
In some cases, people want to sell their house quickly. Holding on to a house can add up fast! Between utility payments, tax payments, insurance payments, mortgage payments, and all the other costs to upkeep the house, you will likely find a direct sale will save you thousands in expenses!
ZERO time spent cleaning, fixing or staging the house…
We want to make things easy for you. That is why we buy as-is and take on all the responsibility for clean-up and repairs. We have seen it all, so don’t be afraid to give us a call!
Find out if it’s right for you!
Send us a message using the form below or give our team a call now! (254) 294-4592
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.