You’re eager to sell your house and reap the financial benefits, but have you considered that selling your house might involve additional costs? In this blog post, we outline the various fees associated with agents versus investors. Whether you’re in Tacoma or elsewhere, understanding these fees can help you make an informed decision.
Agent Fees
An agent acts as a salesperson, working to locate a buyer for your house. To achieve this, they will list your house in a service and employ various marketing strategies to attract potential buyers. However, engaging an agent involves paying several fees:
- Commission: The most substantial expense, often around 6% of the house’s sale price (equivalent to approximately $6,000 for a $100,000 property).
- Additional Fees: These may cover aspects such as advertising, listing, brokerage, signage, and title company services. For clarity, inquire with the agent for detailed information.
Investor Fees
This aspect often catches house sellers off guard: investors generally don’t impose fees. Investors typically handle all expenses related to the sale, and there’s no commission involved since they aren’t acting as agents and won’t be listing your house. While you might need to cover closing costs, it’s essential to confirm with the investor to determine who bears those expenses.
The One “Fee” You May Not Be Thinking Of
When dealing with an agent, they may advise you to renovate your house. During the time it takes for the agent to find a buyer, you’ll be responsible for ongoing bills and taxes. While this isn’t a fee directly to the agent, it’s an expense incurred due to their guidance. On the other hand, selling your house to an investor means a swift transaction, saving you from this particular cost.
Choosing between the two options depends on how much you’re willing to pay and how urgently you need to sell. If you’d like to delve into this further or confirm that we won’t charge you any fees for selling your house to us, please reach out, and we’ll be glad to guide you through the details. We’re happy to give you more information about our buying process and share exactly how it all works1
Feel free to explore your options and make an informed decision based on your unique circumstances. If you have any further questions, don’t hesitate to reach out!