You want to sell your house and put some money in your pocket, and you’re excited about the prospect of doing so. But, did you know that selling your home may entail you having to pay money to the seller? In this blog post, we will discuss the differences between the fees paid to agents and the fees paid to investors….
The fact of the matter is that selling your home might occasionally result in you having to pay a fee. (This is not always the case, but it is frequently the case.) If you are considering selling your home, it is important that you be aware of the various fees that you will incur. This information will assist you in deciding whether to engage with an agent or sell your home directly to an investor.
When it comes to commissions, what are the differences between commissions paid to agents and those paid to investors? — Commissions to Agents
An agent is a salesperson, and they will make every effort to locate a buyer for your property. In order to accomplish this, they will list your home with a real estate listing service and engage in a variety of marketing initiatives in an attempt to locate a buyer.
As a result, you will be required to pay some fees to the agent. When you hire a real estate agent, their fees typically include a commission if they are successful in selling your home (this is the most money you’ll have to pay, and it’s typically around 6 percent of the sale price of the property, or around $6,000 for a $100,000 home). In addition, there may be additional expenses that you must pay, which may include extra advertising fees or other charges related with selling your home. If you decide to list your home, there may be a cost to the agent’s brokerage, a fee to have a sign placed in front of your home, or a fee to the title company. There could also be a fee to the title company. The list might go on forever. You can inquire with the agent about these and they should be able to provide you with information.
When it comes to commissions, what are the differences between commissions paid to agents and those paid to investors? — Fees to Investors
This is the part that most home sellers are surprised to learn: for the vast majority of investors, there are virtually no fees to pay. Typically, investors will cover all of the costs related with the sale of the property. Furthermore, there is no commission to pay because they are not real estate brokers and are not listing your home. Closing costs may be your responsibility, but this is dependent on the investor, so be careful to inquire with the investor about who is responsible for such fees.
The One “Fee” That You Might Not Have Considered
There is one additional cost (“charge”) that you may not be aware of: when you deal with an agent, they will convince you to make repairs to your home, after which you will be responsible for paying your bills and taxes for as long as it takes the agency to find a buyer. So, while this is not a fee paid to the agent, it is a cost you will incur as a result of the agent’s services… However, when you sell your home to an investor, they will purchase it immediately, allowing you to save on this expense as well.
So, which option is best for you? It all depends on how much you’re willing to spend and how quickly you need to sell your house……………………..
Contact us if you want to go through this in greater depth or confirm that we will not charge you any fees if you sell your house to us. We would be pleased to guide you through the process.