The real estate market is in a constant state of flux, with changes to home value varying from week to week. Many homeowners are exploring their options when it comes to selling their home due to the stressful, expensive and often overwhelming nature of the market. There are plenty of reasons why selling your home privately may be the best course of action for you when looking to take the next step in your real estate journey.
Save on Realtor Commissions
One of the most impactful reasons to choose a private sale is the savings on realtor commissions. When selling your home, realtors can take anywhere from 2-5% of the sale of your home as a fee, which can be an unnecessary burden on homeowners looking to save money in their sale. Private options allow for the seller to avoid realtor fees, as there are no realtors involved. From the start, private sales cut out the middleman and bring the buyer directly to the seller, negating a need for such a fee.
No Open Houses
Another major reason many choose a private home sale is the lack of multiple showings or open houses involved. When selling on the market, homeowners can expect frequent visits from strangers and realtors, with open houses causing homeowners to have to vacate their homes on busy weekends. Selling your home the private route allows for the homeowner to enjoy the peace of mind that comes with keeping their space private and away from nosey neighbours–and with COVID-19 still a cause for concern, this is an added reassurance for a homeowner’s family.
Flexible Closing Date
Furthermore, when a home is sold on the market, one can expect a strict closing date, often months away–giving little room for personal situations or unforeseen circumstances that may require a much sooner or more flexible closing date. A private sale provides the seller with the freedom to select the date that works best for them, sometimes as soon as 2-3 weeks. This provides the seller with peace of mind as they finalize their next steps.
Overall, a private sale provides key, impactful benefits to homeowners looking to save money, time and stress in their home sale process. Explore all options before deciding to list a home the traditional way, as it can often be costly, time consuming and stressful. If you’re curious to find out if a private sale makes sense for you, reach out to the team at Ottawa House Buyer today.