What Fees Do I Have to Pay When I Sell My Home to a Home Buying Company?

If you’ve ever sold a home before, you know that realtor commissions and other fees really add up! In fact, when you sell your home the conventional way you could end up losing 8-10% off of the sale price of your home. That is a major hit! Luckily, there is a better way to sell your home that costs you nothing: sell it to a home buying company.

No Realtor Commissions

Typically, the seller pays the realtor commissions for their own and the buyer’s agents. At a standard going rate of 3% each, that is a hefty chunk. For example, if you sell your home for $300,000.00, you will pay a whopping $18,000.00 in realtor commissions. Just because you never see the money doesn’t mean it doesn’t hurt! On the other hand, when you sell your home to a home buying company there are no realtor commissions. 

No Closing Costs

In a conventional home sale, the seller is generally up for some significant closing costs. Your closing costs will typically sit somewhere around 2% to 4% of the sale price. Looking at our previous example of a $300,000.00 home sale, you could be paying up to $12,000.00 more in closing costs–that is in addition to the $18,000.00 realtor fees! When you sell your home to a home buying company they will cover all of the closing costs.

No Additional Fees

With no realtor commissions and no closing costs, you are probably wondering where the catch is. Surely your home buying company will rack up their own long list of fees, right? Wrong! Money will exchange hands, but it will only flow in your direction. When you sell your home to a home buying company there are no hidden fees.

When you close on a home with a home buying company such as Prime Buyers, you don’t have to pay a penny. All you have to do is show up, sign your name, and walk out with a fat load of cash in your hands. Add to that the no-hassle process and you have yourself one steal of a deal!

Are you looking to sell your home but can’t stand the idea of losing up to 10% off the sale price in fees? Prime Buyers is here for you! Click here to learn more. 

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