Most people are very surprised when they finally sell their house and see all of the fees and commissions that were paid. But did you realize that selling your house may mean you have to PAY money? In this blog post, we break down the different fees paid to agents versus paid to investors…
It’s true… in most cases selling your house means that you will pay various people for their services. 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 a real estate agent or to sell your house directly to an investor or Sacramento cash home buyer.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
Make no mistake about it, Real Estate Agents are a salespeople and they will try to find a buyer to buy your house. In order 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 5 to 6% of the sale price of the house, or about $6,000 for a $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 provide you with “net sales Sheet” that details all of the fees and charges associated with selling your house .
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
Most house sellers are surprised when they find out that for most investors, there are rarely any fees to pay. Investors will usually take care of all fees associated with the buying and selling of a house. In addition there’s no commission to pay because they’re not selling your house.Real Estate Investors in Stockton are the ones that buy 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.
The One “Fee” You May Not Be Thinking Of
There’s one more cost (“fee”) that that isn’t always obvious that needs to be factored in: when you work with an agent, and it is usually the largest with the most risk. Real Estate Agents like to sell pretty houses and they’ll want you to repair and update 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 call us at (209)481-7780 and we’ll be happy to walk you through it.