You want to sell your house and you’re looking forward to putting some money in your pocket. But did you realize that selling your house may mean you have to PAY money? In this blog post, we break down what are the different fees paid to agents versus paid to investors…
It’s true… selling your house can sometimes mean that you have to pay. (This isn’t always the case but it often is.) We want to you to know about the different fees you have to pay because this information may help you decide whether to work with an agent or to sell your house directly to an investor.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
When you work with a real estate agent, you’re partnering with a professional who will dedicate their efforts to finding a buyer for your property. An agent will list your house on a listing service and implement various marketing strategies to attract potential buyers.
As the seller, you will be responsible for paying certain fees to the agent. These fees typically consist of a commission, which is a percentage of the final sale price (usually around 6%, equating to approximately $6,000 for a $100,000 property). In addition to the commission, there may be other expenses involved, such as advertising fees or other costs related to the sale process. These could include listing fees, brokerage fees, signage fees, or fees associated with the title company. It’s important to discuss these fees with your agent to gain a clear understanding of all costs involved.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
Discover the advantage of selling your house in Cincinnati to investors with no hidden fees. These savvy investors handle all selling-related expenses, saving you from commissions as they are not real estate agents. While closing costs may apply, clarify details upfront. Partner with D 57 Investments LLC today at 513-478-1735!
The One “Fee” You May Not Be Thinking Of
There’s one more cost (“fee”) that you might not be thinking of: when you work with an agent, they’ll get you to fix up your house and then you’ll have to pay bills and taxes for as long as it takes the agent to find a buyer. So although this isn’t a fee to the agent, it’s a cost you’ll have to pay because of the agent… yet when you sell the house to an investor, they buy quickly so you end up saving this cost as well.
So what’s right for you? It depends on how much you’re willing to pay and how quickly you need to sell.
If you want to go over this in more detail or confirm that we won’t charge you any fees if you sell your house to us then please get in touch and we’ll be happy to walk you through it.