Selling To E & L Real Estate, LLC vs. Listing With A Local PA Agent
In the present economy and market like PA, it is smart to look at your options and see what will actually help you best reach your goals with the sale of your house. Listing your house on the MLS is a traditional way to market a house. “Traditional” may work for some but selling a house is not one size fits all.
What works for some may not work for others. While you may be able to get a higher sales listing price with a local Pittsburgh agent, that does not always determine you will put more money in your pocket at closing. The bottom line is how much money do you actually walk away with and how much stress was involve to get it. Dive into the details below to compare your options.
|Selling w/ An Agent||SOLD To E & L Real Estate, LLC|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Who Pays Closing Costs?:||2% on average is paid by you, the seller||NONE – We pay all costs|
|Inspection & Financing Contingency*:||Yes, sales can fall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||90 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||1 (Just Us)|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|
When Selling A House The Actual Amount Of Money A Seller Gets At Closing Is Based On The HUD-1 Closing Statement
E & L Real estate, LLC will always explain to you, the “real numbers” that are involved with the sale of your property. Once you understand the facts of the numbers you start to see the benefits of selling your PA house to us.
We will make you a cash offer and close on the date you choose. We can close fast if you like. Closing fast may be good to some folks but we like to close on your timeline. This gives you all the time you need to put any pertinent matters in order.
E & L Real Estate, LLC will not be able to offer you full retail value for your house…traditional house sale route can offer. We will make you a fair all cash offer based off of real numbers. There is a difference between a Gross Amount of a sale and a Net Amount.
What makes Us Different From Real Estate Agents, Other Than We Can Close And Have Cash In Your Hand In As Little As 14 days
No doubt, a Real Estate Agent is a reputable and reliable resource to sell your house and we work with agents as much as possible. What you do need to understand is with traditional sales there are “Commissions” to be paid. Commissions are a lot of baked in fees or not mentioned costs such as, staging the house, an open house. A MLS listing uses all the tricks: a professional photographer, social media, the mighty MLS and print marketing, ect.
Okay, then who is actually paying the Real Estate Agent and when? Because it is up to you to negotiate how much of the final sale price goes to your agent, then you are the one paying at closing. Some say that technically the buyer is putting up the money, so they in fact pay the agent, but the commission rate really has no effect on the buyer’s wallet.
Realtor.com May 5, 2020 “Social distancing measures preventing home buyers from viewing and closing on homes, fewer new homes were listed and many homes were also delisted, as sellers opted to wait and see if conditions improve over the coming months.”
Since traditional showings and open houses remain a thing of the past right now expect to see Days on Market increases in our county. Additionally, social distancing measures combined with stricter mortgage lending criteria (700 FICO score and %20 down payment) will shrink the buyer pool and potentially extend the days a property sits on the market.
You have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close in 6 months. When you sell to us you can avoid unnecessary complications. We are house buyers and have real money to spend. If you are looking for a buyer…that’s US. Why look for a buyer who will back out of contract at their discretion (realtor contracts allow that), or a buyer that cannot obtain bank financing.
There are also Inspections & Contingencies. These are when a buyer does want buy and they see something during their inspection they want fixed, you have to fix it. The sale is contingent until you fix it. This means more time and money.
All the while you continue, paying more utility payments, tax payments, insurance payments and mortgage payments. A more harsh scenario is it may list your property for 4-6 months and it may not sell. Then it has to be relisted. Relisting a house has become far too common, OMG!
Do not worry about fixing anything or cleaning up again for buyer after buyer? Why should you? Our new normal is social distancing. We do not care if your house is not tidy, we are real estate investors, we do not work for Better Homes and Garden and we would like to make an offer on your house.
Who pays the 3% closing costs…(we do)
E & L Real Estate is a full-service professional home buyer here in PA. We pay for all of the closing costs. You will receive the full amount of our offer, after we pay off any mortgage balances or other encumbrances on the property. Not too shabby?
So when you add up the time you could save by working with E & L Real Estate, LLC, the no-hassle experience, and the money you will save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area homeowners selling to a professional house buyer is the best viable option.
Is it for you?
See for yourself and get a fair all-cash offer on your house today.
Just fill out the short form below or give us a call at (412) 460-4600 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below.
What Do You Have To Lose? Get Started Now...We buy houses in Allegheny County, PA and surrounding areas. Sell when you like, no hassle, no fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (412) 460-4600...
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can not come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can not obtain a loan or if the home does not appraise for the value that the bank needs to close the loan.
E & L Real Estate, LLC does not use bank financing so you do not have to worry about our ability to close on a deal. E & L Real Estate, LLC will provide verified Proof of Funding upon request.