You’re eager to sell your house and reap the financial benefits, but have you considered that selling your house might involve additional costs? In this blog post, we outline the various fees associated with agents versus investors.
Indeed, selling your house can sometimes come with expenses (though not always). We want to ensure you are aware of the distinct fees involved, as this knowledge can assist you in making an informed decision between working with an agent and selling your house directly to an investor.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
An agent acts as a salesperson, working to locate a buyer for your house. To achieve this, they will list your house in a service and employ various marketing strategies to attract potential buyers.
However, engaging an agent involves paying several fees. These typically encompass a commission, which is the most substantial expense, often amounting to around 6% of the house’s sale price (equivalent to approximately $6,000 for a $100,000 property). Additional fees may also apply, covering various aspects such as advertising, listing, brokerage, signage, and title company services. To gain clarity on these fees, you can inquire with the agent, and they should provide you with detailed information.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
This aspect often catches house sellers off guard: in most cases, investors generally don’t impose fees. Investors typically handle all expenses related to the sale, and there’s no commission involved since they aren’t acting as agents and won’t be listing your house. While you might need to cover closing costs, it’s essential to confirm with the investor to determine who bears those expenses.
The One “Fee” You May Not Be Thinking Of
There’s an additional cost to consider that you might not have in mind: when dealing with an agent, they may advise you to renovate your house, and during the time it takes for the agent to find a buyer, you’ll be responsible for ongoing bills and taxes. While this isn’t a fee directly to the agent, it’s an expense incurred due to their guidance. On the other hand, selling your house to an investor means a swift transaction, saving you from this particular cost.
Choosing between the two options depends on how much you’re willing to pay and how urgently you need to sell. If you’d like to delve into this further or confirm that we won’t charge you any fees for selling your house to us, please reach out, and we’ll be glad to guide you through the details.
Selling your house constitutes a significant choice, blending excitement with stress. Multiple factors demand consideration: the prevailing market conditions, your financial standing, and your personal objectives. If you seek a streamlined method for selling your DFW property, ponder selling directly to a buyer. This article will delve into the advantages of such a transaction and furnish guidance on locating the ideal purchaser for your home.
We’re happy to give you more information about our buying process and to share with you exactly how it all works. Click here and enter your information or pick up the phone and call us at (214) 983-1833.
