Do you need to know how to avoid real estate agent fees when selling your house?
Are you currently following the traditional route of selling your house through a real estate agent? If yes, you’re among the majority who prefer this method. Many people feel more confident working with a real estate firm to sell their home rather than approaching buyers directly. However, if you want to save on real estate agent fees when selling your house, consider working with a real estate investor instead. With a real estate investor, you can bypass the middle man (the real estate company and sales representative) and negotiate directly with the investor, thus you are able to avoid real estate agent fees when selling your house.
Advantages of Using a Real Estate Investor
Thinking creatively can be beneficial in certain situations. Selling your house to a real estate investor instead of a real estate company in Central Illinois may result in a more advantageous deal. Selling through an investor offers several benefits, some of which are listed below.
- Quick deals: Real estate investors usually have a lot of cash and working capital on hand, which allows them to make deals quickly when they find a property they want to purchase. This means that if you need to sell your house fast, selling to an investor can be a great way to do it. In contrast, selling through a real estate company can take several months before the deal is closed.
- More favorable deals: Because real estate investors have less limited funds than an individual buyer or a real estate company, they are more likely to offer you a deal that meets your expectations. This can translate into you receiving more money for your home than you would if you sold through a real estate company.
- Increased profits: Real estate agents collect a fee for every sale. When you sell your house through a real estate company, they typically take a cut of the final sales price, along with the sales representative who sold your home. This means that you will receive less profit from the sale, which can reduce the amount of money you can use to purchase or finance another home. However, when you sell to a real estate investor, there are fewer parties involved, which means you can keep more of the profit for yourself. This can help you achieve your financial goals more quickly.
How to Avoid Real Estate Fees When You Sell Your House
Real estate agents typically charge a commission fee, which is a percentage of the total sale price of the property. This fee is usually split between the buyer’s and seller’s agents and can range from 2.5% to 6% of the sale price, depending on various factors such as location, property type, and market conditions. By not using a real estate agent, you can avoid paying these commission fees and keep more money in your pocket. This puts you in a better position to negotiate a better deal for your property, as you can offer a lower sale price to potential buyers without having to worry about the commission fee.
Furthermore, not having to pay a commission fee can also speed up the process of selling your property. Without an agent, there are fewer people involved in the transaction, which can reduce the time it takes to close the sale and receive your funds.
Looking to sell your house in Central Illinois? Give us a call at 800-255-8250! Our team is always thrilled to chat with you about selling your property, and we may even have some unexpected options up our sleeve. Let’s make your house-selling journey a success!