Some agents are excellent at their job and can help you accomplish what you need. However, if you’re working with a local Hawaii real estate agent, you also may find yourself walking away from the closing table with less cash than you thought you were getting. Unfortunately, it’s not as simple as sticking a sign in the front yard and assuming your house is already sold. There is a great deal of work involved in listing your home on the market, depending on what your home looks like today and compared to the other houses for sale. Staging your home using neutral colors and eliminating any personalized belongings also goes a long way. In addition, professional digital photography is now the standard – maybe even drone shots or video – because marketing today requires high-quality imagery to attract buyers who are shopping on the internet.
Once you’ve done all of the above prep work, it’s time to sit back and wait for the showings, usher the kids out of the house, hide all evidence of any pets, and find entertainment for your family elsewhere when your agent calls, and then wait for the right, qualified buyer to appear. If the this process doesn’t sound like one you want (or can) entertain, read on as we explore five reasons why listing your house with an Hawaii agent may be a mistake.
Often, homeowners set an emotional value on their property and believe it’s worth more than the current market value — don’t fall into this trap. It may be a mistake to list your house with a Hawaii agent if the agent agrees with your estimated value instead of a realistic number backed by the facts. If it sounds too good to be true, it usually is.
Unfortunately, you learn too late with these agents as they initially start out too high but then soon come to you for one price drop after another. The problem with this scenario is twofold, 1) more time on the market means a lower final sales price, and 2) an agent shouldn’t do everything you say and do. Remember, you’re paying for their expertise to guide you, not for them to be you ‘yes woman/man’.
On the other hand, by working with a direct buyer from Oahu Home Buyers, you’d have the opportunity to sell your property for a fair price and/or terms.
Another reason properties may remain on the market for many days is if there are obvious signs of the property being in a state of distress in the listing photos. Buyers seek homes in ready-to-move-in condition, so they are likely to be at bargain-basement prices if you get offers from your listing. Lowball offers can be very upsetting for sellers that do not have a realistic picture of the current market value of their property in its present condition. As an alternative, a direct buyer from Oahu Home Buyers will buy your home for cash; as-is, we’ll take all of the risks of repairs onto our shoulders so you can move on with your life.
When you tally up the listing costs, it may be a mistake to list your house with an Hawaii agent if you haven’t ensured that your house will pass the buyer’s inspection and appraisal requirements. Unless your home is brand new or in like-new condition, you may find yourself paying thousands out-of-pocket and quickly depleting the net proceeds you were counting on from the sale of your home.
If you’re counting on a quick sale, it may be a mistake to list your house with an Hawaii agent. One thing a listing agent cannot provide to you is a closing date because they’re not the buyer. Along this line, they cannot even guarantee that your home will sell at all because, again, they’re not the buyer.
Add to these delays the possibility of your buyers failing to qualify for their loan or backing out of the sale if the inspection turns up some significant issues. With our full-service team of professionals at Oahu Home Buyers, we can move quickly from making the offer to the inspection and often sit down at the closing table in just a couple of weeks. When you sell directly to Oahu Home Buyers, we have the flexibility to set the closing date when it’s most convenient for you and your family.
If you’d rather skip the listing hassles and save the commissions and closing costs, it may be a mistake to list your house with an Hawaii agent. Instead, contact us at Oahu Home Buyers — we may be just the solution you seek since we buy houses in Hawaii. Why not find out how Oahu Home Buyers can help you with a no-obligation consultation? Our goal at Oahu Home Buyers is to make it easy for you to sell your home, as-is, without the stress or fees of a traditional listing.