When you’re in the process of selling your home, closing costs and commission fees can add up to be quite expensive. If you’re on a tight budget for your home sale, you might want to consider selling to a buyer that won’t charge a commission. Here are a few options for cash buyers that won’t charge a commission.
What is Commission?
When you’re selling your home traditionally, you might hire a real estate agent to help facilitate the home sale. This can seem helpful if you don’t have a lot of selling experience and want an expert opinion. However, the assistance of real estate agents comes at a steep price. Real estate agents charge a commission fee as payment for their services. Commission fees generally cost 5-6% of your home sale price. This could be tens of thousands of dollars, depending on your asking price. Hence why many homeowners are trying to find buyers that will either waive the commission fee or skip it altogether.
Do Cash Buyers Charge Commission?
Individual cash buyers often work alone as they’re investing in real estate properties. However, depending on their property emphasis or expertise, they might rely on a real estate agent to help them in their purchasing processes. So, if you’re selling your house to a cash buyer, you may end up needing to pay a commission fee. If this could be a problem for you, make sure to discuss your budget and expectations with your cash buyer to have transparency about their possible commission fees.
Do Fast Home Buying Companies Charge Commission?
If you’re wanting to avoid paying commission completely, try selling to a fast home buying company instead. These companies will buy any home in any condition for a great cash price, and they’ll never work with real estate agents. Fast home buying companies are knowledgeable and well-established in real estate, so they won’t need the help of any agents in their buying process. This will save you from having to pay expensive commission fees. Also, fast home buying companies will buy your house as-is, which will save you from paying for repairs and renovations. You could save tens of thousands of dollars when you sell to a fast home buying company.
So, if you’re wondering whether or not you will have to pay a commission on your home sale, remember this article. Many cash buyers and all fast home buying companies will buy your house without commission fees. This will make it much easier for you if you’re selling your home on a budget.
Do you want to sell your home without paying real estate commission fees? Click here to get a cash offer today from the Easy Home Buyer.
