By: Leon Benz
Posted: December 12th, 2022
There’s a myriad of options for sellers who want to get their home sold and it can be hard to know where to start. Easy Street Offers is here to help you decide which option is best for you and your needs! Each method of selling your home comes with advantages as well as downsides. Let’s take a look at all your options!
Traditional Real Estate Agent
The most common way to sell a home is to use a local real estate agent. The agent will list the home, market it, and coordinate showings with other agents and potential buyers. They will also help you evaluate offers, negotiate terms with the buyer, and ensure the deal goes through.
Pros
- Access to agent marketing tools and listing services
- Assistance with negotiations and contracts
- Less work on your part
Cons
- Costly marketing efforts may be reflected in agent commission
- Less control over pricing and marketing strategies
- Requires cleaning, staging, and photographing your home
- Requires showings and open houses that may interfere with your schedule
Flat-Fee or Discount Agent
Some real estate agencies provide agents that work on a flat-fee or discounted-fee structure. These agents typically help you list your home but may not offer the same amount of hands-on help a full-service agent does.
Pros
- Cheaper than traditional agents
- Access to agent marketing tools and listing services
- Some assistance with negotiations and contracts
Cons
- Limited services
- More work from you
- Requires cleaning, staging, and photographing your home
- Requires showings and open houses
- May need to pay an additional fee for the buyer’s agent
iBuyer
iBuyers are a network of investors and institutions that purchase homes directly from owners usually with a cash offer. After entering information about your property on an iBuyer website, you’ll get an offer, either instantly or within a few days. If you choose to accept, you can often select a closing date and collect your money.
Pros
- Can sell online without meeting an agent in person
- No staging or showing of the home
- Fast sales
- No commissions or agent fees
Cons
- Must be able to provide many details about your home
- Not available in all markets
- Not available on all types of properties
For Sale By Owner
You can sell your home yourself. To do this, you’ll need to market your house, possibly by listing it on website like Zillow, and then coordinate showings with buyers and their agents. You’ll also need to handle the negotiations, contracts, and other details of the sale on your own or enlist a real estate attorney for help.
Pros
- Total control over the pricing, marketing, and showing of your home
- Flexibility in timing
- No commissions or agent fees
Cons
- No access to marketing tools or listing services
- Lots of work for you
- May take longer to sell
- May require a Real Estate attorney
