Are you planning to sell your house and make a profit? Be aware that you might actually end up having to spend money instead. In this blog post, we will explain the various fees associated with selling your house, including those paid to agents and investors. Stay informed and make the best decision for your financial situation.
Discover the truth: selling your house may come with unexpected costs. While not always the case, it often is. Understanding the various fees involved can empower your decision-making process when it comes to choosing between working with an agent or selling directly to an investor.
If you’re looking to sell your home, an agent can do the work for you. Agents are experienced salespeople who will put your house on a listing service and use strategic marketing efforts to find you a buyer.
However, prepare to pay various fees to the agent when selling your house. These fees typically include a commission, which is the largest expense at around 6% of the sale price (approximately $6,000 for a $100,000 house). Additional fees may include advertising costs, listing fees, brokerage fees, sign fees, and title company fees. Don’t hesitate to inquire about these fees with your agent for more information.
Discover a surprising benefit for house-sellers: when working with investors, you can often avoid covering any selling fees. Typically, investors take care of all associated fees, and since they are not agents, there is no commission to pay. Closing costs may be your responsibility, but it’s important to ask the investor about who will cover these costs. Take advantage of this opportunity and ask your investor for more details.
Don’t Forget About This “Fee”
Did you know that there’s another cost you might not have considered when working with a real estate agent? Not only will they require you to make repairs and updates to your house, but you’ll also be responsible for paying bills and taxes until the agent finds a buyer. So while it’s not a fee directly to the agent, it’s still a cost you have to bear because of their services. However, if you sell your house to an investor, they can buy your property quickly, allowing you to save on these additional expenses.
Are you wondering what option is best for you? The answer lies in your budget and timeline. If you’re looking for a more detailed discussion or reassurance that there are no fees involved if you sell your house to us, simply reach out to us and we’ll gladly guide you through the process.
Birmingham Homebuyers, LLC buys homes as-is in any neighborhood in the Birmingham, Hueytown, Hoover, Gardendale, Fultondale, Alabaster, Pelham, Calera, and Trussville, AL areas in cash.
Contact us today for a free offer on your home!