Selling (or buying) a house can be unexpectedly expensive, even if you’ve carefully planned and budgeted. Have you ever carefully planned out your house sale expenses only to be surprised by thousands of dollars of fees and commission costs at closing? Commission costs generally come from working with a real estate agent and can cost on average 5-6% of your entire house sale price. Well, if you sell your house for cash instead, you can avoid commission fees and keep that money in your wallet where it belongs.
Selling to Cash Buyers
Your first option is to sell your house to a cash buyer. Cash buyers are typically individuals who work by themselves to purchase houses with their own funds. However, some cash buyers might work with a real estate agent throughout the closing and legal processes, and that is when the commission costs can come in. When you’re trying to sell to a cash buyer, make sure you discuss with them their plans for working with a real estate agent, and if there will be commission costs at closing.
Selling to Home Buying Companies
If you want to avoid paying tens of thousands of dollars of commission fees, try selling to a cash home buying company instead. These companies buy houses in any condition, and usually seek to help the homeowner out by completing the closing processes quickly and easily. Most home buying companies can purchase a house in a number of weeks and save the homeowners thousands of dollars in doing so. Home buying companies almost never work with real estate agents, don’t charge a commission, and often don’t even require you to pay for cleaning, inspection, or repairs. They are truly the jackpot when it comes to saving money when selling your house!
Skipping Closing Costs
Remember, if you’re trying to skip some of the excessive closing costs that come along with selling your house, sell your house for cash. Some cash buyers and most home buying companies don’t work with real estate agents and won’t charge a commission, saving you thousands of dollars. Just make sure that you don’t sell your house traditionally if you’re trying to save money. Most traditional buyers don’t know how to purchase a house by themselves, so they’ll rely on the expensive services of a real estate agent.
So, if you’re on a tight budget when you’re selling your house and you aren’t sure if you can afford to pay commission fees, remember that you have other options available to you. You can sell to some cash buyers or any kind of home buying company and avoid having to pay commission. This will save you thousands of dollars and provide you with greater financial stability.
Do you want to sell your Arizona home for cash? Click here to learn more and get a cash offer today!