Here’s What You Need To Know About The Difference Between Selling Your New Castle County House To Us At Zitofsky Capital Management Versus Listing With A Local Agent
When it comes to selling your house, you have options, and it’s smart to investigate your options to determine what’s best for you and your family. Unfortunately, it’s not easy to compare since there isn’t a lot of information out there on the real benefits and costs associated with the different ways of selling. As a service to you, we’ve tried to bring them altogether on one page so you can make a clear comparison.
Here’s The Way Most People Think Of Selling: When most people think of selling their house, they first think of selling through a local real estate agent. The agent will list their house on the market, they’ll show the house to potential buyers, and then (hopefully) one of those buyers will make an offer. This is the most common way to sell and people sometimes prefer this way because they think that they will be able to sell at a higher price (versus selling directly to a buyer like us at Zitofsky Capital Management.
… but is that always the case?
An agent WILL list your house and try to find a buyer, and you MAY get a good price for your house (if the buyer doesn’t negotiate too hard) but here’s the part that most people don’t realize…
Selling through an agent has costs (including invisible costs) and takes a long time… and although they might get a higher price, they don’t realize that all these costs add up and end up “stealing” any extra profit they would have made by getting the higher market price.
That’s why many people in New Castle County are discovering a better way to sell — by selling directly to a buy like us here at Zitofsky Capital Management.
Just look at the comparison chart below to see the costs for each way of selling…
|Selling w/ An Agent||SOLD To Zitofsky Capital Management|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Who Pays Closing Costs?:||2% on average is paid by you, the seller||NONE – We pay all costs|
|Inspection & Financing Contingency*:||Yes, up to 15% of sales fall through||NONE|
|Appraisal Needed:||Yes, sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||1 (Just Us)|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|
Now That You Know The Facts, Which One Is Better For You?
You’ve compared each way and you can probably see what a lot of folks see — that selling through an agent MIGHT give you a higher selling price, but a lot the “benefit” of that higher selling price vanishes when you start adding up the costs you’ll have to pay, and how long you’ll have to wait to sell.
The other option is to skip all the waiting and the costs, and instead sell directly to a company like us here at Zitofsky Capital Management. While we may not be able to pay market price for your house (our purchase price is usually a bit lower), you don’t pay all those extra expenses, plus we can offer other benefits, too, like…
From offer to close and cash in your hand in as little as 7 days
When you sell through a real estate agent, they’ll list your house and then you’ll have to wait while they try to find a buyer. This process could take months — we’re seeing an average of 3-6 months in a lot of areas, even as long as 12 months in some situations. While some sellers might prefer to do this on the gamble of getting a higher price, many sellers realize that all this waiting is actually quite costly when you add up the bills, taxes, and insurance that you’ll have to pay.
You can get rid of the headache of that property fast and avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, you get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.
Don’t worry about fixing anything up or cleaning your house again and again for buyer after buyer
When selling through an agent, you’ll need to pay out of your pocket to fix up and clean up your house before they list it. And then you’ll have to keep it spotless the entire time the house is on the market. And if a buyer can be found, you’ll need to clean your house again.
We don’t care how dirty your house is (we’ve seen worse!) or how many repairs are needed (a complete fixer? great! we love projects)... we’d like to make an offer on your house. This saves you time and money that you can keep in your pocket.
Don’t worry about paying those pesky closing fees (we’ve got you covered)
Because we are a full-service professional home buyer here in Delaware, we make it easy for you. We pay for all of the closing costs. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property). Pretty refreshing eh?
So when you add up the time you could save by working with Zitofsky Capital Management, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area home owners selling to a professional house buyer is the best viable option.
Is it for you?
See for yourself and get a fair all-cash offer on your house today.
Just fill out the short form below or give us a call at 718-541-0877 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below.
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.
Here at Zitofsky Capital Management we don’t use bank financing so you don’t have to worry about our ability to close on a deal.