Selling Your Indianapolis House Without A Realtor. What You Should Know To Be Successful.
When it’s time to sell your house in Indianapolis you have a few options available to you. You can list your house with a real estate agent, sell the house yourself or you can sell your house directly to a real estate investor like Ittenbach Capital. We’ll get into greater detail on each of these options later in this article.
When deciding which way to go, you have to ask yourself a few questions. This will help you determine which direction to go in and if a real estate agent would be of any benefit to you.
- First, how much time do you have to sell your Indianapolis house? The more time you have to more options you can explore.
- Second, what condition is your property in? Is your house in “move-in” ready condition or is it going to need a little TLC. Move-in ready homes tend to go faster and for higher prices.
- Third, it’s good to know how much equity you have in your house. The greater the equity the more options are going to be available to you.
- Lastly, you should assess your overall level of experience and comfort level relative to real estate sales.
Hiring a real estate broker
You can find a real estate agent to support your efforts. The key here is finding the right agent. Not all agents are created equal. Some have vastly more experience than others when it comes to marketing your property beyond just listing on the MLS or negotiating difficult deals. It’s important to note here that years on the job don’t necessarily equate to experience. Agents do take a lot of the work out of selling a house. But they also take a hefting commission as well, 6% to 7% of the sales price. This equates to approximately $6,000 to $7,000 for every $100,000 sold.
Real estate agents handle all the paper work and marketing, albeit much of their marketing efforts are simply listing the house on the MLS and letting buyers find you. They work with you in establishing a sales price and provide supportive market data. Agents also help you through purchase negotiations and navigate inspection repair demands from the buyer. You must consider an agents motivation when it comes to price negotiations.
Ittenbach Capital is an accredited business with the Better Business Bureau with an A+ rating. Average customer reviews are 5 stars. Click here to see why customers give Ittenbach Capital 5 stars!
If you find yourself haggling over price with a buyer, how motivated do you think your real estate agent is going to be to get the highest price? You and the buyer may be $10,000 to $20,000 away from an agreement. That’s a lot of money you could put in your pocket. But for your agent, it only amounts to $300 to $600. They don’t want to risk loosing the sale and have to start the search for a new buyer all over again. They are going to put subtle pressure on you to settle. Is this in your best interest?
Selling your house yourself
If you decide to sell the house yourself, avoiding the broker and commissions altogether, there are few things you should consider. Remember, you will have to perform all the same functions as a broker. Brokers take a lot of the work out of selling a house. You will have to get the house ready for market. Next you will have to stage the house and get it photographed so that it looks its very best. After all that’s done you will have to begin marketing your house the general public. The Internet is a popular channel for real estate marketing. There are plenty of websites dedicated to homeowners selling their houses without brokers. There will be some costs associated with this, even more if you want your listing to stand out above all the rest. You may even be able to pay a real estate agent to list your house on the MLS for a small fee. Most major real estate search websites like Realtor.com, Zillow, Yahoo Homes, etc. collect data from the MLS. Submitting your information to the MLC will put you not only in the system brokers reference every day but also most of the major consumer websites.
Now that your house is on the open market, it’s time to show it to prospective buyers. You will have to coordinate showings and navigate negotiations and inspection repairs on your own. This is where previous real estate sales experience will come in handy. If you don’t have or have limited experience, consult a family member or close friend, borrowing from their experience. It’s important to note that there’s a good chance the buyer will come with their own agent and expect a 3% commission. Buyers are under contract with their broker and can’t work around paying this commission.
You need to make sure you price your property appropriately. This is where a firm understanding of your properties condition and local market demand will be helpful. If you price your house too high, showings will be few and far between. You can waste a lot of time and money marketing a property at a price point no one wants. Remember, you don’t get a second chance to make a first impression. Sometimes the first few showings are your strongest buyers. If you price your house too low, you could be leaving money on the table.
Only 7% to 8% of homeowners sell their house themselves, most are sold through the MLS. Selling your house yourself will put you into a very small group of homeowners. It’s more difficult but with a little patience and hard work it can be done.
Working with a real estate investor in Indianapolis
If you are looking to sell your house or investment property in Indianapolis fast and decide not to use a real estate agent, we can help. Thousands of homeowners choose to sell their houses direct to real estate investors every year. When you sell your Indianapolis house direct to Ittenbach Capital you avoid all the usual hassles associated with the sales process. You avoid expensive commissions, repairs and updates. In fact, as real estate investors, we prefer a house that needs a little TLC. This is where we can add value to the property. We make the necessary repairs and invest into upgrades that we can then turn around and sell for a profit. Our team of professionals have the knowledge and resources to quickly and efficiently make repairs or update your house to match current consumer trends.
When deciding to work with a real estate investor to sell your Indianapolis house fast, it’s a good idea to do your homework. Take your time, research potential providers. Check references and don’t be afraid to reach out and interview potential companies. Not all real estate investors are created equal.
A good real estate investor will be transparent about their processes. They will educate you on their process and information about market and housing values. They will share with you their plan to rehab and market the property. A good real estate investor in Indianapolis will take the time to walk you step by step through the process. If an offer sounds too good to be true, it usually is. Work with a real estate investor that demonstrates their knowledge and experience. Check out customer reviews; see what others have to say about their experiences.
At Ittenbach Capital, we take the time to get to know our clients unique situations. We build solutions that benefit both our clients and our company. We will buy your Indianapolis house as is. No need to make any repairs or updates. All our offers are for cash and we even cover the closing costs. You get to pick the closing date. That’s it! Pretty simple. We’ve simplified the home selling process down to a few simple steps. Don’t delay, go online to www.ittenbachcapital.com and tell us about your house or give us a call today at 317-731-2540. You’re never under any obligation and your information will be kept completely confidential.
Ittenbach Capital is an accredited business with the Better Business Bureau with an A+ rating. Average customer reviews are 5 stars. Click here to see why customers give Ittenbach Capital 5 stars!
Selling Your Indianapolis House Without A Realtor. What You Should Know To Be Successful.