Understand the pros and cons of listing a property
Listing a property is one of the five offers we can make to sellers who are looking for a solution with their real estate problem.
This provides the highest price. However, there is a lot more red tape.
To find out more about this, you can visit our website at:
https://www.effortlesshomebuyers.com/
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
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https://www.TheStorageStud.com
https://titanwealthgroup.com/
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https://thestoragestud.podbean.com/e/effortless-home-buyers-what-are-the-pros-and-cons-of-listing-a-property/
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So what are the pros and cons of taking our Listing Offer or Listing a Property? Now, this is one of the five offers that we make when a seller comes into our organization, looking for a solution to their real estate problem. One of the pros of this, is that it is the highest price that you'll get for your property is by listing it and bringing it to the market for homeowners to look at. However, there are a lot more things that need to be done. There's a lot more red tape. So for example, we usually recommend if a seller's property looks brand new, it's been freshly rehabbed. That's a great candidate for a listing. However, if there's repairs that need to be done, if the roof is leaking, if there's paint and carpet, that needs to be replaced or the, you know, the kitchens or the bathrooms are in, you know, maybe 15 years old or 20 years old, what you're going to need to do before you list that property is you're going to have to spend quite a bit of money and repair all those things that a potential homeowner would like to see repaired.
So you're going to be spending, you know, 10,000 on the roof. You're going to be spending anywhere between 8 to $15,000 on the bathrooms and the kitchens. You're going to be spending 5 to $15,000 on the flooring and the paint and the exterior. In addition to this, you also may find out that there's some larger items that need to be fixed. If it's a really old house, things that are really expensive, such as plumbing, you know, if the plumbing's not up to code or if the electrical is not up to code, no one could live in that property because it's dangerous. It's not up to safety codes of the local municipalities. So some of the cons is that there's gonna be a lot of work that needs to be done. You don't know if you're going to be able to sell it for the price that you want.
When you list a property, you put it on the market and you just hope that the buyers are willing to pay the price that you offered. And then even if they are willing to do that, there may come. The offer may come with a lot of contingencies. The lender has to approve the inspection. The inspector has to approve of the property sale. So those are a lot of the cons that come with listing a property. You also will have to pay the agent for this service. It's going to cost anywhere between 6 to 7% of the sales price to list the property. However, the main pro is that it's going to sell for the highest price, even if it takes quite a bit of time anywhere between six to nine months. So those are the pros and cons of Listing a Property for Sale.
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