Is Hiring An Agent REALLY Worth It?

by Sep 29, 2020

For many people, when they think about selling their houses, the first thing they will do is look around for a local agent. Agents can be a wonderful asset when selling your house, however, it is not the only strategy you should consider. By doing a little homework, you can successfully sell your house on your own, saving you time and money overall. On this blog post, we will discuss some of the most common costs of a traditional listing, so you can determine if hiring an agent is the best choice for you!

The Pre-Listing Costs

Before you consider putting your home on the market, take a look at other homes on the MLS. Check out what people are asking for comparable properties and more importantly, look at what comparable properties are actually selling for. How does your house stack up? Will people opt for your house over the one next door? You will need to look at it from a buyers point of view. They will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to the home in order to be competitive. Houses that sit on the market lose interest among buyers over time. If the property doesn’t sell, people will likely believe there is something wrong with it. You need to come out of the gate with a house that wows potential buyers and proves to be an excellent value for the money.

Agent Costs

Agents don’t work for free. Many agents work incredibly hard and deserve every penny you pay them. That said, be wary of those who don’t. While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission which typically runs about 6% of the final sale price. You will own the agent this amount, even if you sell the property on your own to someone you know. In addition, some agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Make sure you know exactly what’s included in your listing agreement as no two agents are the same.

At The Closing Table

Once the closing date comes around, in addition to paying your agent, you will also have to come up with the closing costs. You can usually estimate this to be approximately 2% of the final sale price. The closing costs include things like appraisal fees, taxes, deed recording, title search, credit checks and more. With a direct sale to Austin Property Solutions LLC, all of these costs are covered for you.

Time Is Of The Essence

When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to Austin Property Solutions LLC, you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.

Before hiring an agent, give our office a call or send us a message! Find out how we can help you!  (480)485-1155

Signs You’re a Tired Landlord

Some of the signs you need to look out for include:

You’re Constantly Handling Maintenance

While some landlords get calls from their tenants for a few incidents, you might find yourself at the end of constant maintenance issues and complaints from your tenant. On one week, it might be a broken toilet. Then on the other week, it’s a problem with one of the doors. If you handle the repairs yourself, it means taking time off your week to get the repairs done. If you’re sending someone to fix it, that’s an additional cost on your part.

Collecting Rent Has Become a Chore

Dealing with bad tenants means having to constantly chase them down to remind them of the rent that’s due. Bad tenants rarely ever pay on time or are very elusive when it comes to missed payments. Your lease agreement may have stipulations on how to deal with missed rent payments, but options like eviction take additional time and effort on your end – and that might be time and energy you just don’t have.

You Don’t Have Time for Anything Else

Most landlords have their own day jobs as well as personal time with their friends and family. But when you’re a tired landlord, you may find yourself having to deal with property issues so often that you find yourself canceling events or scheduling your weekend to do something for your tenant or for the property. In a situation like this, it’s normal to feel burnt out and like the stress of being a landlord is not worth what you earn in rental income.

You’re Considering Going Full-Time or Hiring a Property Manager

When your properties take up too much time in your week, you might be considering two options: quitting your full-time job to focus on handling your properties full time or hiring a property manager. Either option means losing some amount of income, but you might think it’s worth it if it means freeing up more time.

What Are My Solutions?

Depending on your situation, you may have several solutions:

Hire a Property Manager

Property managers are a person or company that can handle the responsibilities of a landlord for you. While you’re still the homeowner, property managers can handle the maintenance issues, rent collection, and other time-consuming tasks that tenants require. However, property managers take a percentage of the rent income you earn, so weigh the costs of hiring a property manager and see if it’s worth receiving less profit.

Go Full-Time

You might be a tired landlord because you have to balance the responsibility of being a landlord with your day job. If you rent out multiple properties, earn more from your rentals than your full-time job, and you don’t want to hire a property manager, consider being a full-time landlord. This can free up more time and give you a more flexible schedule to handle your properties.

Sell to a Professional Home Buyer!

Owning rental properties isn’t the only way to profit from your acquired real estate. If being a landlord is too much work, consider selling your house in Phoenix, AZ quickly to minimize the additional work you have to do as a landlord.

Waiting for tenant’s lease to end and then listing your property on the market can take months, which can result in additional responsibilities that can disrupt your schedule. But by selling your house to a cash home buyer in Phoenix, AZ like Austin Property Solutions, you can sell your home in Phoenix as-is for cash at a fair price.

Need More Information? Contact Austin Property Solutions Today

Not everyone has the time and skill to be a landlord – and that’s OK! Rather than bearing the responsibilities of being a landlord for much longer than you have to, your best solution is to sell your home fast, profit from the proceeds, and find new investments that require less effort.

Contact Austin Property Solutions to schedule a property viewing and receive a fair cash offer within 72 hours or less.

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