Three Costs Traditional Home Sellers Pay That Cash Sellers Don’t

When it comes to selling a home, there are many different ways to do it. You can sell it yourself, use a real estate agent, or sell it to a cash buyer. Each method has its own benefits and drawbacks. Here is a closer look at the three costs that traditional home sellers pay that cash sellers don’t. Keep these costs in mind when choosing the home selling method that is right for you!

Marketing and Listing

When selling a home, there are a number of costs that traditional sellers have to pay that cash buyers don’t. One of these is marketing and listing costs. These can include the cost of listing your home on the internet, as well as the cost of advertising the property. Depending on how aggressively you are pushing your home you can easily spend thousands of dollars on marketing and listing in a traditional route.

Repairs

Another cost that traditional home sellers have to pay that cash sellers don’t is repairs to the home. If the home is in need of major repairs, the seller may have to pay for these out of pocket. This can often be a deterrent for selling a home, as it can be expensive to make the necessary repairs. Cash buyers, on the other hand, are often more interested in purchasing a home as-is. This means that they are not typically concerned with any repairs that may be needed. As a result, cash buyers can often get a good deal on a home that needs some work. This can be a great option for those who are looking to sell their home quickly and without having to put up any additional money.

Commissions

Home sellers who list their homes with a real estate agent typically have to pay a commission, which is a percentage of the home’s final sale price. For example, if a home sells for $200,000 and the commission is 6%, the sellers will owe the agent $12,000. This commission is typically split between the listing agent and the buyer’s agent. Cash buyers, on the other hand, are not responsible for paying any commissions. This can be a significant advantage, particularly in markets where home prices are rising rapidly.

Selling your home comes with several additional costs that can add up fast. But selling your house for cash can help to circumvent most of these costs. If you are looking for a hassle-free way to sell your home, consider selling to a cash home-buying company.

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