Real estate agents offer a service that places property at buyers’ fingertips worldwide; however, there are costs associated with a traditional listing that home sellers often overlook. Therefore, it is always wise to take a realistic accounting of your expenses to understand how much you are genuinely profiting. So read on as we explore five costs you need to know about when listing your house in Chicago.
Holding Costs
When listing your house in Chicago, you need to know about the holding costs, which can begin to eat away at the profits from the sale of your home. You will incur the same monthly fees to hold or maintain services at the property and carry out ownership responsibilities while it is on the market. In addition, a real estate agent can’t provide you with a closing date. However, a direct buyer like those at PIP Realty Group has the backing of cash and can give you the flexibility of selecting the closing date that is most convenient and providing you with a guarantee for closing on that date.
Professional Service Providers
Another source of expenses you need to know about when listing your house in Chicago is the list of professionals you will need to hire. Working everyone into your busy schedule can be stressful, from the home inspector and appraiser to readying your house for a professional photographer for high-quality digital marketing media and a licensed drone pilot for 360-degree virtual tours. By making a direct sale to professional investors like those at PIP Realty Group, you won’t need to worry about any of the expenses of the professionals involved in the transaction.
Professional Staging Expenses
There is also the cost of professional stagers, including renting storage space for your items, including furniture, and then redecorating your home with rental furniture during the listing, at your expense. These professionals can charge costly fees that you need to know about when listing your house in Chicago. This process has proven to increase the final sales prices of homes. It has become common practice with top agents. Now, if you’d like to skip the listing process entirely, selling directly to a professional investor like those at PIP Realty Group means you walk straight to the closing table for your cash, usually in a matter of a few weeks.
Commissions
Real estate commissions run around six percent of the home’s selling price when listing your house in Chicago and will come off the profits at closing. Broker fees may also be associated with working with agents. However, you won’t pay any commissions if you make a direct sale to a professional investor like those at PIP Realty Group, and there are no hidden fees in our uncomplicated contracts.
Improvements
Making repairs is an expense you need to know about when listing your house in Chicago. Should you choose not to, buyers may request a substantial deduction in your selling price to cover the costs they’ll take on to make the repairs. On the other hand, you can forget about passing the dreaded inspection with a direct sale to a direct buyer like those at PIP Realty Group because we buy homes as-is.
Ready to learn more about how a direct sale to PIP Realty Group may be the solution you seek? Let a direct buyer at PIP Realty Group compare how much you’d profit from a listing to our offer, which you’ll agree is fair because we’re transparent with our numbers. Talk to a direct buyer at PIP Realty Group who will help you understand everything you need to know when listing your house in Chicago without obligation. At PIP Realty Group, we stop and listen. Contact PIP Realty Group at 773.233.2301.