Budgeting is an important part of selling your home. Even though a lot of your focus will be on your asking price and the amount that you’ll be paid, it is also important to keep track of your expenses. Some expenses will come unexpectedly, like the commission costs that can arise when you’re selling with a real estate agent. If you’re wanting to avoid paying for commission costs, sell to a fast cash home buying company instead.
Why Pay Commission?
Why do homeowners have to pay commission costs anyways? When a homeowner hires a real estate agent to help them to sell their home, paying commission is the way that you’ll pay them for their services. Real estate agents can be quite helpful in the selling process since they’ll usually have access to connections and networks that could help you to find your perfect buyer. Unfortunately, their commission costs can be quite expensive. Commission costs are usually 5-6% of the selling price of your house, which could end up being tens of thousands of dollars. This can be difficult to afford, especially if you’re trying to close on the new house you’re going to move into.
Selling to a Cash Home Buying Company
If you’re trying to avoid paying commission fees, consider selling to a cash home buying company instead. Cash home buying companies purchase houses in any condition for cash. Since they’re already established as businesses, they won’t need to work with the assistance of a real estate agent, and therefore, won’t charge you commission fees. If you’re trying to save money as you’re closing on your new house or moving to a new city, selling to a cash home buying company could be your best option.
Skip Commission Costs
So, the best way to skip commission costs is to get a cash offer from a cash home buying company. To do so, contact a cash home buying company and request one. They will calculate your personalized cash offer using some information about your home that will allow them to determine its value. For example, they’ll want to know your home’s location, size, style, condition, etc. These features of your home can help to determine its value. Even if your home is a little outdated or in need of repairs, a cash home buying company will give you a great offer and buy it as-is.
So, next time you’re trying to budget for your house sale, remember that you don’t have to go along with tradition and pay for expensive closing costs like commission fees. Instead, you can sell your house to a cash home buying company and save tens of thousands of dollars. In doing so, you’ll sell your house quickly and easily, setting yourself up for financial success in your new home.
Do you want to skip commission costs and sell your house to a cash home buying company? Click here to get an offer today from Oregon Homebuyers.