When you are selling your home, there are a few different ways that you can do it. You can sell it through a traditional sale, where you work with a real estate agent and take care of all the details yourself. Or, you can sell it through a cash sale, where you work with a cash buyer who will buy your home outright without any hassles or delays. So which is the better option? Take a look at this comparison of the costs of traditional home sales vs cash home sales to help you make the best decision for your situation!
Marketing Fees
One of the great things about selling your home for cash is that you don’t have to worry about some of the traditional costs associated with a home sale. For example, you won’t have to pay marketing fees or listing fees. Without having to pay for listing services online and potentially even ad space and other marketing campaigns, you can avoid a huge set of costs when selling your home by choosing to go the cash route.
Commissions
Another cost benefit of selling your home for cash is that you won’t have to pay commissions. This can save you a considerable amount of money, particularly if your home is worth a lot. In a traditional home sale, the seller typically pays a commission to the real estate agent, which is commonly around 6%. This can be thousands and thousands of dollars coming out of your pocket. Ditching the agent and going right to a cash buyer can save you thousands in commissions
Closing Costs
The final benefit of selling your home for cash is that you won’t have to pay any closing costs. Closing costs are the fees associated with finalizing a mortgage, paid out to the lending organization providing the mortgage loan. When selling your home for cash there is no lender involved, and therefore no closing costs. By avoiding these costs, you’ll be able to keep more of the proceeds from the sale of your home.
When it comes to selling your home, there are often more fees and costs than sellers realize. In addition to these, sellers in traditional sales can be expected to pay for repairs and other improvements to the home before closing. To avoid the hassle and costs altogether, consider selling your home.
In the need of a reputable cash home buying company? Get in touch with us at Simply Sold USA and see how we can meet your home selling needs!
