Listing a property is not always as simple as putting it on the market and waiting for a check.
Before you actually get paid, there can be preparation, showings, negotiations, inspections, price changes, buyer financing, appraisal, and closing steps in between.
THE LISTING IS ONLY THE BEGINNING.
Here is what the traditional process can look like before money reaches the seller.
Get the property ready
Depending on the property, that can mean cleaning, decluttering, repairs, updates, landscaping, removing belongings, staging, and getting everything ready for photos and buyers.
Put it on the market
The property gets photographed and marketed. Then come buyer appointments, showings, open houses where applicable, questions, feedback, and waiting for an offer you are willing to accept.
Possibly reduce the price
If the property is not getting the response you expected, your Realtor may recommend or persuade you to reduce the asking price to attract more buyers. Time on market, competing properties, condition, buyer feedback, and your own timeline can all affect that decision. The final decision to change your asking price is yours.
Accept an offer — but you're not done yet
An accepted offer is an important step, but the transaction still has to make it through the requirements in the contract before you actually get paid.
Buyer inspections
A traditional buyer may inspect the property. Depending on the contract, that can lead to requests for repairs, credits, concessions, or additional negotiating.
Appraisal and buyer financing
If the buyer is using a mortgage, the lender process can include underwriting, approval, appraisal, and other requirements before the buyer is ready to close.
Keep paying for the property while you wait
Until the property closes, expenses such as taxes, insurance, mortgage payments or interest, utilities, HOA charges, lawn care, maintenance, and repairs may continue where applicable.
Get to closing
At closing, the costs and negotiated amounts that apply to the transaction can affect what the seller actually receives. Depending on the deal, that can include agent compensation, seller closing expenses, buyer concessions, credits, taxes, liens, mortgage payoff, and other property-specific obligations.
And what if the first deal doesn't make it to closing?
If a buyer cannot complete the transaction under the contract, the property may need to go back on the market. That can mean more time, more showings, more carrying costs, and another round of negotiations.
OR SELL DIRECTLY TO CASHASIS.
- $0 fees charged by CashAsIs
- We pay the closing costs agreed to in our offer
- No repairs for us
- No cleanup or staging for us
- No traditional showings for us
- No waiting on a traditional buyer's mortgage approval
- We buy houses and land as-is
SELLING YOUR PROPERTY DOESN'T HAVE TO BECOME ANOTHER JOB.
Compare the process, not just the possible price
A traditional listing can be a good fit for some sellers. But if you already have a CashAsIs offer, compare what each option actually asks you to do before you get paid.
How much preparation is required? How many steps are between you and closing? Could the asking price need to change? What expenses continue while you wait? And how much uncertainty are you comfortable with?
Also read why a bigger listing price does not always mean a bigger check, see what waiting can cost, or review what your CashAsIs offer means.
