You may have heard that selling your home to a home-buying company saves you time and takes the hassle out of a sale. However, you might not realize that selling to a home-buying company can also save you money. Here’s how:
Let’s face it, today’s home buyers are a bit persnickety. Not only do they want a home that is in perfect condition, but they turn their noses up at anything that is dated. They want new appliances, modern fixtures, and granite countertops in the kitchen; with hardwood floors, a fresh coat of paint, and all the bells and whistles everywhere else. If you want to sell your home the conventional way then you can count on doing a handful of expensive repairs and updates. On the other hand, home buying companies are happy to buy your home exactly the way it is right now. No repairs, no updates, and no cleaning.
No Realtor Commissions
With the seller up for a whopping 6% of the sale price in realtor commissions alone, you should expect a massive cut from the proceeds of your sale. That’s an astonishing $18,000 on a $300,000 home, gone! When you sell your home to a home-buying company, there are no realtor commissions.
No Closing Costs
Then there are the closing costs! You can expect to pay another 2-4% at closing. This massive chunk is taken off your hands courtesy of property taxes, title insurance, transfer taxes, escrow fees, courier fees, and brokerage fees. But how about for transactions with home buying companies? You guessed it! When you sell your home to a home buying company the closing costs are paid for you. You don’t have to pay a penny.
It is no secret that selling your home to a home buying company takes the hassle and headache out of selling a home. But a lesser-known benefit is that it can also save you money. With no repairs or updates, no realtor commissions, and no closing costs, your money gets to stay right where it belongs–with you.
At Prime Buyers, we know that not everyone has the time, health, or money to sell their home the conventional way. That is why we are here to help out when your circumstances are less than ideal. We will pay you cash for your home, no matter the condition, in as little as 7 days. Click here to learn more!