If you want to sell your home, then you need to consider the cost of realtor fees and how the cost will affect your bottom line. When it comes to buying or selling a home, many people recommend that sellers use a realtor because of the legalities involved in the process. But what they fail to discuss in detail are the fees involved when hiring a realtor.
How much realtor fees cost will depend on the realtor’s commission. Many times, realtor fees are considered part of closing costs, so you don’t have to pay anything upfront, but the cost of the fees come out of your total sale amount. If you’re not going to make much from selling your home (maybe you’re upside down on your mortgage or need a large sum of money for your new down payment. So what happens when you can’t afford realtor fees?
Luckily, there are several options that homeowners have when they can’t afford realtor fees. If you are selling your home and want to minimize or eliminate your realtor fees, read on for some options you might not have considered.
#1. One of the most obvious options is to sell the home yourself. This can be a bit tricky, as realtors frequently handle all of the paperwork required for selling your home. Realtors also handle the advertising and showing off your homes. However, when you can’t afford realtor fees, all of this can be done on your own with a little time and research on your part. You could even negotiate fees with your realtor to see if they will reduce their price if you do a particular part of the work.
#2. Look for a reduced fee realtor. This can help with some of the costs when you can’t afford premium realtor fees. Try to balance price with experience. Many people rely on realtors when selling their home because of the wealth of knowledge that a good realtor can bring to the table. Most people have found their home sells faster and for more money when they use a realtor. You can also opt for an agent that charges a flat fee. Having an agent inform you about their flat fee helps you understand how much you will be paying before the final sell.
#3 Opt for a short sale. If you really need to get rid of your home, especially if you face foreclosure, a short sale may be the best option. To complete a short sale, you will have to contact your lender and obtain their approval. Your lender will also be the one to decide on what offers to accept or not, so it can be a bit of a nightmare. The good news with a short sale is that the bank is the one who pays all of the closing costs at the end of the sale, which helps if you can’t afford realtor fees.
#4. Sell your home to a cash investor. This option is very similar to a “for sale by owner” scenario. However, unlike a traditional buyer, a cash investor will not have a real estate agent. Cash investors typically provide a cash offer anywhere between 24 to 72 hours from your first point of contact. The investor will take care of all required paperwork. This can benefit the sellers, especially a seller trying to avoid realtor fees. Here at 800-buy-kwik, we are the #1 “kwik” home buyer that can help you avoid those annoying realtor fees. Get some quick tips on selling a property in 7 days and a cash offer
Here at 800-Buy-Kwik, we are the #1 “kwik” home buyer. We buy homes for cash. If you want to avoid realtor fees, give us a call for a no-obligation cash offer on your home.
Get some quick tips on selling a property in 7 days and a cash offer here!