If you’re thinking of selling your home in Orange, California, you may be wondering who should you sell it to – a professional investor or a real estate agent? Here are some important things to consider. First, you’ll want to know how much commissions and Staging expenses you’ll have to pay. These costs can add up quickly. Besides, a professional investor will charge you commissions.
Selling to a professional investor
In Orange County, real estate investors have been a growing trend in recent years. Due to affordable home prices and favorable financing, many investors are buying homes for their own use, their children’s education, or even retirement. Orange County also offers a variety of different inventory, from condos to custom estate properties. And with home financing rates at historically low levels, investing in Orange County real estate is a lucrative endeavor.
Selling to a real estate agent
If you’re thinking about selling your Orange County home, you may be wondering what to pay a real estate agent. Real estate agents work on commission, and these fees help cover the costs of marketing your home, arranging inspections and appraisals, and bringing buyers to the closing table. While a real estate agent will likely make a lot of money on the sale, this is not the only factor to consider. The cost of a real estate agent’s service may be higher than your own, but it will still be lower than the cost of selling it yourself.
Staging expenses
Home staging is an important part of the selling process. It can save you time and money. Homeowners often overlook little things that need attention, but staging your home for potential buyers is a smart idea. Many people ignore maintenance issues in their home when they are living there, and keeping it looking lived-in can be expensive. A staging professional will help prepare your home for potential buyers, resulting in a higher asking price.
Commissions
Real estate agents in Orange County, California, are paying less for their services. Their commissions are on average 5.7 percent lower than they were last year, forcing some brokerages to shut down or let their agents go out of business. However, this trend does not necessarily mean that commissions are going away, as the number of agents in Orange County has increased by nearly 40 percent over the past decade. Here are some tips for home sellers who are considering selling their home.
Marketing expenses
According to a recent study, homeowners in Orange and Los Angeles counties have to spend 121% more on marketing their homes than other Americans. This is due to high home prices, which drive up selling costs, but some of it filters back to the buyer, reducing the total cost for the homeowner. Zillow looked at closing costs, marketing expenses, and transaction costs in 35 major U.S. markets and compared them to national averages. In Orange County, homeowners will pay a whopping $39,880 more for marketing than those in San Francisco, Cleveland, and Philadelphia.
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