A traditional property listing isn’t the only way to sell your house in Fort Worth. There are a few other options you may want to consider, including selling off market. Off-market or pocket listings aren’t marketed to the general public, adding to the allure of grabbing an exclusive opportunity for buyers, and potentially garner a higher sales price. The biggest difference between off market and pocket listings is that pocket listings are represented by an agent, often times socialized throughout the brokerage before being listed publicly on the MLS. Selling off market is exactly as it sounds, but typically done without agent representation and commissions.
When you sell off-market, you control who knows your home is for sale and when they see it. There are far fewer showings by the very nature of being private, and the buyers who know about the off-market listing are likely to be much more serious about the property. Selling your property off-market also tends to create an act now or never feeling. Often times, sellers have the highest leverage when selling off market because the option to list publicly is still available. This creates a high sense of urgency and quick decision making by potential buyers.
We will share the inside scoop on how you can sell an off-market property listing in Fort Worth.
Commissions
Real estate agents love off-market listings because they can market the property exclusively to select clients and collect whatever commission you have negotiated in the contract. Often times this is six percent of the sales price. What agents sometimes won’t tell you is that they are entitled to the full six percent, even if they sell off market, in their office, or through dual representation. This is misleading, as many sellers expect there to be 50/50 commission split, with the listing agent only being entitled to three percent. Because other agents in the Fort Worth market are unaware of the listing, they don’t have to split the commission with anyone else. They will earn the other side of the commission because they are bringing the buyer. You can avoid commissions altogether when you sell an off-market property listing in Fort Worth to a professional buyer like us at Cowtown Home Buyers.
Prepping or Repairs
Most buyers seek to move into their new home as soon as possible. If your home is older or maintenance and repairs are lacking, you as the seller must worry about passing the inspection and making repairs out of pocket before closing or taking a deep discount off of the asking price. Preparing the home for the showings ahead and making updates is costly. When you sell an off-market property in Fort Worth through a direct sale with a company like Cowtown Home Buyers, we buy homes as-is, so there is no more need to worry about repairs or even cleaning up. Cowtown Home Buyers understands the risk that comes with buying properties as-is. We rarely conduct inspections outside of our first visit and expect the work we do to require lots of repairs that most homeowners and potential buyers just don’t want to take on.
Closing Fees
Many companies or agents also charge a fee for transaction processing and other expenses that agents may hide. When you sell your off-market property listing in Fort Worth to a professional buyer like those at Cowtown Home Buyers, they charge no agent fees. There will be no hidden fees to pay at closing; the offer will clearly outline how much cash you’ll receive at the closing. We clearly outline all of the costs of the sale and make sure you clearly understand how the numbers breakdown. When you accept our offer, you know exactly how much money you’ll receive at closing.
Time
When properties are listed traditionally through the MLS, potential buyers can track the number of days the property is on the market. A great many days passing indicates to buyers that something is wrong with the property that the listing doesn’t disclose, typically resulting in bargain-basement offers, if any. The number of days an off-market property has been for sale is unknown to the buyer, which is one of the motivating factors behind off-market listings. Instead, sell fast to a direct sales company like Cowtown Home Buyers, closing on your private listing can be in a matter of days or whenever best suits your needs.
Cowtown Home Buyers makes it simple and straightforward to sell an off-market property listing in Fort Worth. We make the process easy! When you get an offer from Cowtown Home Buyers, we will handle everything, and we can guarantee your home will close fast, often in just a few days. Whether your home is older and needs repairs or you want to limit the number of strangers who come through your home, why not reach out to Cowtown Home Buyers and learn more about your options with no obligation. Send us a message or call Cowtown Home Buyers at (682) 207-7895.