For any number of reasons people run into financial tough times and begin to wonder, “Can I sell my house quickly, without using a real estate agent?” The answer is yes, and I’d like to share with you why you may want to do that. First off, if your house is in great shape and would fetch top dollar or close to that by listing it with an agent, I recommend you go that route. Some homeowners have success selling their market-ready homes by themselves. However, this is not for the faint of heart. As a licensed Realtor here on the Big Island, I know the complexity of the real estate transaction. There are many pitfalls from which a good agent can save you.
Best Situations for a Direct Sale
So, when does it make sense to sell your house directly to a buyer, bypassing the real estate agent process? When you need to sell quickly. This could be because of a pending foreclosure, bankruptcy, or other looming financial problem. In these cases it may be to your advantage to go the direct sale route. You can also benefit from selling directly to a buyer when you have a house that needs substantial repairs. Often homeowners in this situation do not have the funds to make those repairs. In all these cases, selling directly to a knowledgeable buyer can end up getting you out from under your home quickly. It can also give you the best possible return on your home’s value.
Creating a Win-Win Situation
The key to making a direct to seller real estate transaction successful and satisfying for you is to work with a knowledgeable, transparent, and honest buyer. You must also be completely up front about every aspect of your house. Be ready to tell them whatever you know about its history, including title matters, mortgages, liens, and the house’s physical condition. A professional buyer will take the time to talk with you about all these issues. They will also want to tour your house and determine its fair market value.
If you would like more information, please contact Bruce Pratt at 808-339-3683 or by email at bruce@holomuaproperties.com.
Bruce Pratt is a licensed Realtor in Hawaii (RS-77479) and is associated with the Kailua-Kona office of Hawaii Life Real Estate Brokers, 75-5660 Kopiko Street Suite A2, A3, Kailua- Kona, HI 96740.