As the real estate market continues to evolve from month to month, the changing market, paired with the overwhelming expectations from realtors and expensive commissions paid to them–as much as 5% of the sale price of the home, can lead sellers to seek options that avoid the requirement for a realtor. We’ll discuss how homeowners are able to sell their home legally without seeking the services of a real estate agent.
When is a realtor required?
To begin, it’s important to recognize when a realtor is required. Realtors are necessary when a party (seller or buyer) needs representation. This means that in order to sell on the traditional market that requires both buyers and sellers to be represented by a licensed agent, it’s unavoidable to hire one. Alternatively, realtors are not required when homeowners are selling their home privately, off-market. In this case, the transaction is no different from any other transaction you may make in your day-to-day life, simply on a grander scale.
Now that one understands when a realtor is required, how would one go about avoiding hiring and paying a realtor thousands of dollars themselves? Seeking a cash buyer, such as Ottawa House Buyer, is a trusted way to sell your home privately, external to the traditional MLS. These professionals do not require representation, as they are buying directly from the seller, not representing a buyer. They are the buyer!
The ease of selling
Although initially it seems like it may be more work to sell your home without a realtor, selling privately, in actuality, can save you weeks of time and thousands of dollars. In order to explore these options, sellers should speak with a cash buyer such as Ottawa House Buyer to determine their needs, and if the convenience cash buyers provide is what they’re looking for. From this point, the transaction is simple, straightforward and hassle-free, as these cash buyers have a team of dedicated professionals working behind the scenes to facilitate the sale–just without the commission fee!
Now that one understands how to sell without a realtor, saving thousands of dollars and invaluable time, the decision to sell on the market vs privately is entirely a decision of convenience. If you or anyone you know is seeking a change of scenery while avoiding the costs and time associated with selling on the traditional market with a realtor, connect with Ottawa House Buyer to explore real estate solutions that fit the needs of you or the one you know.