Selling your home has been known to be a stressful process, especially when you consider the money you need to invest to do so. Selling your home isn’t free, and can in fact be incredibly expensive. Read on to learn how to save money when selling your home.
Real Estate Agent Commission
The first main cost that you typically have to consider when selling your home is your real estate agent’s commission. Your real estate agent is there to help you find a buyer, as well as with navigating the many complications that can accompany selling your home. When the sale of your home is completed, they’ll typically take 6% of your final selling price as a commission. This can end up being tens of thousands of dollars taken away from your final offer. To help you save this money, sell to a home buying company. When you sell this way, you work directly with the buyer throughout the whole process. You no longer need to hire a real estate agent or pay their commission.
Another way you can save money when you sell your home to a home buying company is through repair costs. When the time comes to sell your home, in order to find a buyer you typically need to complete any and all repairs that your home needs. However, these can be incredibly expensive and time-consuming to complete. If you want to save yourself the trouble, selling to a home buying company can once again be the perfect solution. These companies always purchase homes as-is, leaving you free to put that repair money toward something more beneficial for you.
The final cost that usually accompanies selling a home is closing costs. This cost comes at the end of the sale when everything is being wrapped up so your home can officially be sold. These costs are paid to your lenders so that the sale can be officially processed and finalized. Once again, these can add up to thousands of dollars, and give you added stress at the end of your home’s sale. Due to the nature of a cash sale, closing costs become unnecessary. If any unexpected costs do arise during the entire selling process, the home buying company will cover them in full.
Even though selling your home is all about making you money, it does usually take a bit of an investment to sell your home. This money can be hard to come by, however, and you may want to consider an alternate method of selling your home. If you want to save money on selling your home, consider selling to a home buying company.
Still have some questions about the process? Forrest Buys Houses wants to be as transparent as possible, so they’ll answer any questions you have. Click here to see some frequently asked questions.