You have heard about the no-hassle approach of selling your home to a cash home buyer, but you may be wondering what the catch is. Usually when something seems too good to be true, the catch comes in the form of exorbitant fees or unexpected costs. However, selling your home to a cash home buying company shouldn’t cost you a thing. Here’s why:
If a cash home buying company is charging you processing fees or other surcharges, you have every reason to be suspicious. That is simply not the business model of a reputable cash home buyer. One way you can know that a cash home buying company is legit is the fact that money only flows in one direction: toward you! There should be no repair fees, no cleaning fees, no processing fees, and no inspection fees.
Zero Realtor Commissions
Because realtor commissions come out of the proceeds of the sale, it is easy to overlook just how steep they can be. Generally, the seller is out at least 6% on the sale price of the home, just on realtor commissions alone. The seller typically pays the commission for the buyer’s agent, in addition to their own. 6% is a lot of money. On a $300,000 home, that is a whopping $18,000. When you sell your home to a cash home buying company, you don’t pay a penny on realtor commissions.
Zero Closing Costs
When it comes to closing on a home, once again, the seller is the one who pays–and pays big. Closing costs range from around 2-4% of the sale price of the home. Using the figure from above, that is up to $12,000 on a $300,000 home. A staggering amount of money. In most circumstances, you won’t pay any closing costs when you sell your home to a cash home buyer. All you have to do is show up!
When it comes to selling your home to a cash home buying company, there really is no catch. While this type of home sale may not be for everyone, it is a straightforward and convenient solution for the people who need it. Best of all, it requires no liquid capital, unlike many conventional sales. Any money exchanging hands will only go to you.
Are you ready to sell your home but worried about the expense, hassle, and lengthy process of it all? Click here to learn more about how Bob Buys Houses can take it all away. If you are interested, you can call or click on the link to start your free, no-obligation consultation.