When you’re selling your home, there are a handful of costs that you need to take into consideration. These can be expensive and frustrating for many homeowners. If you want to avoid these costs, you can save the following money by selling your home for cash.
No Real Estate Agent Commissions
One of the main costs of selling your home for cash is your real estate agent’s commission. When you sell your home traditionally, there are a lot of complications to navigate. You need to decide on an asking price for your home, set up showings, vet potential buyers, and negotiate a final offer. Having a real estate agent gives you professional help from someone who knows the real estate market well. However, they do end up taking a percentage of your final selling price as a commission for their work. If you’re counting on every last cent of that offer, this commission can be difficult to part with.
When you sell your home for cash, you work directly with the buyer, negating the need for a real estate agent’s help. This means you get to keep that money that would have gone toward a commission.
Another major cost that accompanies selling your home is paying for repairs. It’s normal for houses to need occasional repairs and updates. When you begin the process of selling your home, it’s recommended that you complete any needed repairs to keep buyers interested. However, once again, these costs can add up quickly and end up being burdensome for homeowners. Home buying companies renovate any homes they buy after the sale, so they never require you to do the work yourself. This can save you thousands of dollars and the time it takes to complete the work.
No Closing Costs
The final cost that homeowners deal with when selling their home is closing costs. These are the final processing fees that homeowners pay to a lender to finalize the sale. Depending on where you live and the final selling price of your home, the closing costs can add up to thousands of extra dollars. Home buying companies understand the financial constraints that homeowners can be under. They don’t want the selling process to be a burden for their clients. This is why, if you sell your home to a home buying company, they will cover any closing costs that may come up during closing.
In short, when you sell your home to a home buying company, you’ll never have to pay fees or commissions of any kind. Home buying companies are real estate investors, and they know the profit that your home could bring their company. They will take extra care to make sure you have a quick and easy selling process.
Want to sell your Indianapolis home for cash? Simple Quarters is a home buying company that can give you a no-obligations cash offer on your home in less than 24 hours. Click here to get started today!