Ready to sell your house in Myrtle Beach, SC or the surrounding areas but aren’t sure if you should list with a realtor or sell to a local investor? Learn more about the pros and cons of hiring a realtor vs. selling to an investor in Myrtle Beach!
Many people don’t realize that there’s more than one way you can go about selling your home. You are not required to hire a realtor, pay commissions, clean up, or make repairs. In some situations, an agent is great and is the better choice. In other situations, a direct sale to a private buyer or investor is the better choice. Keep reading to learn about the pros and cons of hiring a realtor vs. selling to an investor in Myrtle Beach!
Realtor Pros
Potentially Higher Sale Price
When you work with a Myrtle Beach real estate agent, there is a chance you will receive a higher final sale price than if you would have sold directly. This is due to increased exposure and the opportunity to tell more people about your house. Keep in mind, your costs will also be much higher, so run the numbers ahead of time to find out if listing really is the right choice for you.
Handling The Details
When you work with a professional and qualified real estate agent in the Myrtle Beach area, they are sure to take care of the paperwork, showing, and marketing of your home. When you opt for an FSBO (For Sale By Owner) listing you will have to handle these things on your own. With a direct sale to Belle Coast Properties, you can rest assured that we will handle all of the details too!
Realtor Cons
Cleaning & Showings
Putting a home on the MLS requires it to be thoroughly cleaned before it is put on the market or seen by any potential buyers. In some cases, you will need to hire a professional cleaning company or rent special equipment for things like carpets and sidewalks. You and your family will also frequently be asked to leave the home throughout the day, at dinner time, on weekends, etc so the realtor can show your home to potential buyers. You will also have multiple sets of people walking through your home on a weekly basis. This can make some homeowners uncomfortable.
Extensive Expenses
When listing a house on the MLS, the buyers you will attract will more than likely be looking to move into the home themselves. Most buyers do not want to make repairs as soon as they move into a home, and will probably ask for everything found questionable during a home inspection to be fixed. Depending on the condition of your home, these costs can add up to quite a bit, not to mention it can extend the closing by months depending on the extent of the repairs needed. And then you will be tasked with the job of finding and managing the contractors. Also, keep in mind you will have to pay the realtor commission which is typically 6% in Myrtle Beach, SC. This can amount to tens of thousands of dollars.
It Can Take 3-9 Months to Sell
When you work with a Myrtle Beach real estate agent, there is no guarantee if, or when the property will sell. In some situations, the house can sit on the market for a long time. This leaves you with the insurance, property taxes, mortgage, and utility bills for many months to come. If you need to sell fast, this may be a risk not worth taking.
Investor Pros
A Fast Sale
When you sell your house directly to Belle Coast Properties, you’ll be able to sell the property in just a couple of weeks, not 3-9 months. This can potentially save you thousands in holding costs. You will no longer need to pay for utility costs, homeowners insurance, property taxes, repairs, routine maintenance, and all the other expenses that come along with being a homeowner. No waiting for bank appraisals and final approvals for the buyers, delays in paperwork, etc. No need to spend time making repairs. We buy as-is, fast for cash.
No Costs
Selling to a company such as Belle Coast Properties will allow you to sell your Myrtle Beach house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, helping you to keep a ton of money in your pocket. We even pay your closing costs!
Simple Process
Our process is simple and direct. You won’t have to deal with property showings, an unknown closing timetable, or delays in the transaction. Selling your Myrtle Beach house doesn’t require you to spend money or live in limbo. You get a sure thing in a very easy way.
Investor Cons
Lower Sale Price
Take this one with a grain of salt. While the final sale price will likely be higher when working with an agent, the costs you encounter can completely negate these profits. Marketing, repairs, commissions, and closing costs will eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to Belle Coast Properties can be the more profitable choice.
We can help you decide whether hiring a realtor or selling to an investor will be the right choice for you! Get in touch with us today to learn more! 843-732-3529
Get treated like family with Belle Coast Properties. We simplify the house selling process… check out our testimonials here.
