Do I Pay Commission When I Sell My House to a Cash Homebuying Company?September 13th, 2022
Have you ever arranged to sell your house for the perfect price, only to be surprised by sky-high commission costs at closing? It can be tricky to pay commission costs if you have a tight budget for your house sale. Selling your house to a cash home buying company will help you to avoid paying commission costs while getting a great price for your house.
What is a Commission?
First off, what are commission costs and what does that mean for you as a homebuyer looking to sell? Commission costs are the fees that real estate agents charge you, the homeowner, for their aid in your home selling process. Usually, the commission fees that your real estate agent will charge you will end up costing somewhere around 5-6% of your home selling price. So, if you sell your home for $50,000, your commission fees will be $30,000. If you’ve always worked with a real estate agent, you might be accustomed to paying such high commission fees. However, if you’re trying to sell your home on a budget so you can afford the closing costs of your new home, such outrageously expensive commission fees can be very discouraging.
Selling to a Cash Homebuying Company
If you’re trying to sell your home without losing tens of thousands of dollars to commission fees, sell your home to a cash home buying company. Cash home buying companies purchase homes in any condition without the aid of real estate agents. This means that they won’t charge you any commission fees at the end of your house sale. So when you accept a cash offer from a cash home buying company, you can trust that you’ll be receiving 100% of that cash once your deal is closed. What could be better than that?
Why Skip Commission?
So why skip commission costs? If you’re used to working with real estate agents, you’ve probably been trained to think that such costs are normal and necessary. However, they are unnecessarily expensive and clearly aren’t necessary if cash home buying companies can purchase your house easily without commission costs. Selling your house, moving, and buying a new house are expensive steps. You’re going to need money to close on your new home, to move, and to furnish your new house so it is comfortable. The tens of thousands of dollars that you’ll save by not paying commission will help you to be able to afford your new, future home.
So, next time you’re preparing to sell your house, remember that you don’t have to feel trapped by commission costs. Instead, you can sell your house to a cash home buying company without paying a cent in commission costs. Those tens of thousands of dollars will stay in your wallet where they belong!
Do you want to sell your house without commission? Click here to get an offer today from Joe Homebuyer Dallas-Fort Worth, a cash home buying company.