Are you looking to sell your house and you want to get most of your profit? However, you need to be aware that selling your house would also require paying money. To better understand, here are the different fees paid to agents versus paid to the investor. Selling your house doesn’t mean you’re the only one who is being paid. You need to consider all the processes and people who will be involved to make that sale. The first step that you need to do in the process of selling your house is to recognize the different fees paid to agents versus paid to investors.
An agent is a salesperson and they will try to find a buyer to buy your house. To do this, they will list your house in a listing service and use various marketing efforts to try and find a buyer.
So you’ll end up having to pay some fees to the agent. Those fees usually include a commission if they can sell the house (this is the highest amount of money you’ll have to pay and it’s often about 6% of the sale price of the house or about $6,000 for $100,000). There may be other fees you have to pay as well, and these might include different advertising fees or other costs associated with selling your house. There might be a fee to list your house, or there might be a fee to the agent’s brokerage or there might be a fee to get a sign in front of your house or there might be a fee for the title company… the list goes on and on. You can ask the agent about these and they should tell you.
This is the part that surprises most house-sellers: for most investors, there are rarely any fees to cover. Investors will usually take care of all fees associated with selling. Plus there’s no commission to pay because they’re not agents so they’re not listing your house. You might be responsible for closing costs but this depends on the investor so make sure you ask the investor who pays for those costs.
There are also several advantages to selling your home to an investor. Investors have immediate funds that they can use to purchase your house. Real estate investors can pay cash and close your house in a matter of 7 days AS-IS! That means you can skip the hassle of listing your home, staging and prepping your house for a showing. Thus, it doesn’t require you to spend money to make repairs and improvements for your house.
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.
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 (859) 412-1940.
If you need to understand and learn more about the different fees paid to agents versus paid to investors, then give us a call. Our Real estate experts will be able to answer any questions you have about the process, can make recommendations, and may be able to provide you an offer over the phone!
We Buy NKY Houses caters not only in Greater Cincinnati but also in places like Bellevue, Burlington, Covington, Cold Spring, Crescent Springs, Edgewood, Elsmere, Erlanger, Florence, Fort Mitchell, Fort Thomas, Anderson Township, Batavia, Blue Ash, Colerain Township, College Hill, Columbia-Tusculum, Oakley, Pleasant Ridge, Sharonville, Silverton, Springdale, Walnut Hills, West Chester, Wyoming.