Are you trying to put together a budget for your house sale? It can be tricky to know how much money you’ll need to put into selling your house when there are unexpected closing costs that can come up. However, when you sell your house to a cash buyer, closing costs are a little easier to anticipate. Here are some of the closing costs that you’ll have when you sell your house to a cash buyer.
Real Estate Commissions
First of all, when you sell your house traditionally, you’ll often need to dish out thousands of dollars to a real estate agent as part of their commission costs. These commissions are usually around 5-6% of the sale price of the house. If you don’t have that kind of money in your budget, you should sell your house to a cash home buying business, which is a specific type of cash buyer. Cash home buying businesses purchase homes as-is without working with a real estate agent. This means that you’ll be able to save thousands of dollars in the closing process.
Costs and Fees
There are some traditional closing costs that you might have to pay when selling your house to a cash buyer. Usually, your closing costs will include paying for transfer taxes, appraisals, title insurance, escrow fees, legal fees, and more. However, if you’re selling your house to a cash home buying business, you might be able to avoid some of these costs since they will purchase your home as-is without any formal inspections or appraisals. Talk to your cash buyer to see what costs and fees you’ll be required to pay.
Close without Costs
If the numbers are starting to add up too quickly in your potential closing cost calculations, don’t worry. You can skip many of these traditional costs when you sell your house to a cash home buying business. These businesses will buy your house as-is without any inspections or repairs, and you may not even have to clean out the home. Best of all, you’ll get paid entirely in cash and won’t lose money to extra closing costs.
So, if you want to sell your house without extravagant closing costs, sell to a cash buyer! You can’t always have thousands of dollars laying around for closing costs, especially if you’re on a budget to get into your new home. Selling your house to a cash buyer–particularly a home buying business–can solve a lot of these problems and save you money.
Interested in selling your house to a cash buyer? Click here to get a cash offer today from Maximum Cash Home Buyers!