When I was young I remember asking my father how we’d ever get around in our small New Zealand town of 10 family homes. He told me that we’d have to sell each house, no matter what the condition, to make a profit and then buy another from the same owner when the market got “better”. A similar conversation I’ve had with some family members living in Auckland. They seem to think that we buy houses in Auckland because the market is always “better” than other cities.
Bewerley Property is a nationally owned, independent real estate investing franchise. Its many independently owned franchises sell homes in desperate need of repairs and houses that owners just want to sell off quicker than usual. And they do it all without agents. In some cases they don’t even bother to advertise the homes for sale and simply use word of mouth advertising like we do. This article will discuss how to sell my house privately, as well as some advice on how to get started in this profitable business.
Selling a house through an agent requires finding an honest agent who will put their clients’ interests above their own. It’s true that selling a house by yourself through a good real estate agent can save a bundle of cash; however, selling by yourself can also lead to a de-motivated clientele, or worse yet, a house that’s “for sale by owner” only to find no one interested in buying it. So, what is the difference between selling a house by myself versus using a real estate agent? The primary difference is that agents are paid for each listing sold, while wholesales are paid based on the wholesale price of each house sold. For example, if you list a two-bedroom house for sale for $700 per square foot, your agent’s fee would be two thousand dollars.
The second difference is that with a real estate agent, you at least have the option to make minor repairs to the property before selling it. Even though most wholesalers do not require major repairs before listing a house, a few may insist on having the seller to inspect the home for any cosmetic issues. If minor repairs are required, you could agree to pay the wholesaler additional twenty-five dollars to perform the fix, which could push your commission up to three hundred dollars. If you decide to use an agent when we buy houses in Auckland, the buyer will not be able to make these sorts of repairs, as they are pre-approved by the wholesaler. This can significantly raise the price of your house.
So you need to choose wisely about whether to use a wholesaler or a realtor when you’re planning on selling your house. If you know you’re going to use a wholesaler, locate one with a track record of quality and good feedback. Make sure the company you choose has a written seller agreement and has a reputation for fair dealing with sellers. You’ll also want to find a company that will work closely with you to ensure your best interests are protected during the actual home selling process. You’ll also want to choose a company with a strong network of independent realtors and brokers available to assist you with any questions or concerns as they arise.
Now that you’ve located a wholesaler with a good reputation, let them know the reason you need to sell your house fast. If you feel selling your house is dragging on too long, talk to your realtor about selling it to another buyer quickly. Most wholesalers will advise you to consider selling when we buy houses in Auckland within a matter of months. However, if you prefer the luxury of selling the house “as is”, it is important to be straightforward about your situation with the wholesaler. Find out how much money the repairs cost, how quickly you should expect to recoup your expenses, and if you have any obligation to pay for items sold or damaged by buyers prior to sale.
If you choose to have your house resold by a professional broker, it’s a good idea to work with the same wholesaler you worked with for your home selling. You can save money by avoiding having two agents handling your finances. A professional agent will get more for your house, in terms of both cash and realty, if they handle selling as one big transaction. Working with the same wholesaler for all of your selling transactions will also minimize confusion and hassle when you do finally sell your house.
If you’re still looking to sell your house but haven’t yet decided whether to work directly with a buyer or use a Realtor, consider hiring a property management company. Property management companies usually charge a retainer and a monthly fee, but they work directly with buyers and lenders to find the best deal for you. They can even assist with the paperwork involved in selling a house. Most of these companies have a nationwide network of buyers and lenders that they can call if you need to close on your home. And don’t forget to check on their ratings when we buy houses in Auckland.