Let’s face it, one of the worst parts of selling your home is paying for all of the unexpected expenses and fees that seem to magically appear during the closing process. These costs can be hard to budget for and difficult to afford, especially if you’re closing on a new house at the same time. If you’re looking to sell your house without having to pay commission fees, sell to a fast cash home buying business.
What Are Commission Fees?
When you’re selling your house with the assistance of a real estate agent or broker, you don’t pay them a set price for their hours of labor or services. Instead, you pay them in commission fees. These fees are usually around 5-6% of your house sale price. For example, if you’re selling your house for $500,000, your commission fees will end up being around $30,000. This may not seem like a big deal if you are used to working with real estate agents, but if you’re trying to sell your house on a budget to afford a move or new house, commission fees can seem impossibly expensive.
Selling to a Cash Buyer
Cash buyers individually fund their ventures to purchase houses as real estate investments. So, many cash buyers have different procedures and practices that they follow since they work individually. Some cash buyers may work with real estate agents, and therefore will charge you commission fees. Other cash buyers will work by themselves to purchase your home. Make sure to discuss your plans with your cash buyer before accepting their offer so you can determine if they’ll charge you commission fees.
Selling to a Cash Home Buying Company
If you really need to avoid paying commission fees, sell to a cash home buying company. Cash home buying companies don’t work with real estate agents since they are established businesses. They have the financial and legal ability to purchase your house without charging you any kind of commission fees. Selling your house to a cash home buying company will also save you a lot of money because they’ll purchase your house as-is, permitting you to skip any repair or inspection costs.
So, if you’re on a tight budget when you’re selling your home and don’t want to pay expensive commission fees, remember to skip working with a real estate agent. Instead, sell to a cash buyer or a cash home buying company for a commission-free closing process. The tens of thousands of dollars that you’ll save will certainly come in handy when you’re buying your next house.
Do you want to sell your house without paying commission fees? Click here to get a cash offer from Zech Buys Houses LLC, a cash home buying company.