If you have a property you want to sell, you may be preparing yourself to sink a good amount of money into making the necessary repairs you know you’ll have to make for the home to pass inspection. You may have even put off selling because you know a real estate agent is going to say you’ve got to change certain things or the property will never sell. But there are other options out there than the traditional real estate process. You can actually sell your house directly to an investor or other buyer with much less hassle and little to no extra cost.

What Is Selling Direct?

Selling your home direct simply means that you’re selling it directly to an investor, a house flipper, or even someone you know who wants to buy the home. You typically don’t market the property at all. You may see a sign advertising someone is looking to buy homes, or you may talk to someone about buying the house. There are a few reasons why selling directly to one of these buyers is very beneficial to you, although there are also a few downsides that you do need to know about.

Sell As-Is: No Repairs, No Inspection

The first major advantage is that most direct sales are done as-is. That means the buyer is purchasing the property as it currently is. You don’t have to repair anything at all. There’s no inspection to be done at all. You don’t even have to clean the home. Some people sell as-is and leave furniture and other items behind for the new owner to either use or discard as they see fit. If you have a home that you know needs work, but that you don’t want to mess with, a direct sell to a flipper or investor is a great option.

You Make More Money

Another benefit to selling direct is that you make more money. Since you’re not using a real estate agent, you don’t have to pay any commissions. You also don’t pay to market the house. That’s not to say that you get every penny from the sale. When you change the title over, the title company will charge some fees. However, by not using a real estate agent, you’re saving a large amount of money. Without commissions or any repairs to make, you do walk away with the bulk of the money.

You Set the Price and Handle Negotiations

The only people involved in a direct sell, are you and the buyer. In most cases, buyers are paying in all cash, too, so there’s not even a lender involved. The two of you are completely free to come to any agreement you want. If you want to accept an offer, great. If not, pass and look for another buyer. You have complete control of the deal.

Downsides of Selling Direct

Of course, there are a few downsides to selling direct. The first is that because there’s no real estate agent involved, you truly do have to handle everything. You need to look at comps in the area to see what your home is worth. You or the buyer also have to contact the title company and handle the paperwork there.

Another downside is that you have less competition. Often, you’re responding to a mailer, phone call, or sign advertising flippers buying a house for cash. When you sell through more conventional means, you can get competing bids from several buyers. If you want to maximize your profits, selling directly may not be the best option.

You also don’t have the resources that a real estate agent brings to the table. If you’re not familiar with real estate terms or the process, you may find yourself delaying parts of the process until you can do some research. With more direct sales, everything is very simple, and you can learn what you need to learn online.

The final downside is that you do need to invest time into learning about the buyer. There are a lot of businesses out there that say they will buy houses for cash, but some are more reputable than others. Make certain to read reviews of anyone you deal with, and get everything in writing.

Selling Direct Can Be the Best Option

If you want to sell your property as-is and aren’t concerned about getting the maximum value for it, selling direct is likely your best option. It requires less of an investment than even doing a “for sale by owner” transaction since there’s no marketing, inspections, or repairs to deal with. The legal aspect of a direct sale is often less complicated, too, so the contracts can be easier to understand. While you want to do your due diligence when selecting a buyer, there are plenty of reputable companies out there that will buy your home for cash. Ryan’s Buying is a Greater Milwaukee direct buyer who will give you the most for your house.  Do not call an agent, call your buyer!