One of the parts of selling your home that can be difficult for homeowners is the fees and commissions. All the people that you work with to sell your home require payment for their services, and these costs can add up fast. To save money, consider selling your home to a home buying company.
Traditional Commissions
When you sell your home the traditional way, there are a handful of costs that go along with steps in the process. One of the largest is the cost of hiring a real estate agent to help you with the sale. Real estate agents are incredible assets for selling your home and can make it much easier and simpler to find a buyer. When the sale is complete, your real estate agent will then take roughly 6% of the final selling price of your home as a commission. While this cost is worth it for a great real estate agent, handing over these thousands of dollars can be difficult. Especially if you were counting on your entire asking price to pay off your mortgage, affording a real estate agent can be tricky. When you sell your home to a home buying company, you work directly with the buyer throughout the whole process, negating the need for a real estate agent and a commission.
How a Home Buying Company Changes Things
There are many ways that selling your home to a home buying company is different than selling it traditionally. These companies rethought every step of the process to make it more affordable and accessible for every type of homeowner. The first major change is, of course, the lack of a real estate agent. Instead of listing your home with an agent and waiting for offers, you take action and request an offer from a home buying company near you. Within 24 hours of your request, the company will reach back out to you with a cash offer on your home. You are never obligated to accept this offer, but if you do, you can close on the sale of your home almost immediately. The process couldn’t be simpler.
No Fees Whatsoever
Part of the changes that home buying companies have made to the home selling process are removing any and all fees. Instead of worrying about commissions, repairs, and closing costs, you can rest easy knowing your home is being sold quickly and efficiently. Avoiding fees saves you tens of thousands of dollars, and also helps you close on the sale much more quickly. Since you’re selling the home as-is, you can avoid the time it takes to do repairs and have your home inspected.
Selling your home to a home buying company for cash is the best way to save money during the process. Home buying companies will give you fast cash for your home, without making you pay anything out of pocket. If you’re having trouble selling your home traditionally, consider selling for cash.
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