One of the main reasons you might have why you want to sell your real estate property is to earn money out of it. But have you realized that selling your house would also mean spending some dollars? Yes, in most cases, you will normally have to take out money from your own pocket for you to be able to sell your house in Kansas City.
In this post, we will tackle on the different kinds of fees that you would need to pay to real estate agents and to investors. But why should you need to know about these types of fees? A quick answer to this is: by knowing the different fees homeowners usually pay to sales agents and to investors when selling a real estate property, you will be able to come up with the best decision as to whether you will be working with a sales agent and do the traditional home-selling method or sell your property directly to real estate investor.
As much as they want to help you sold your house, a real estate agent is still a sales person who need to also earn an income by finding a buyer for your house for sale. Sales agents typically work by having your house listed in various listing services to make it available to people who are visiting the same listing and who are looking for houses to buy. On top of that, they also utilize their knowledge and expertise in terms of marketing and they will as well exert a good amount of effort, time, and resources just to find you a good buyer. This would only mean that you will be charged with certain fees so that they can function as they should.
What are these fees, you may ask? Well, these fees typically include the expensive agent’s commission. In general, the commission which you will give to the sales agent if he is able to sell your house is considered as the highest amount of money you will need to spend when listing with an agent. Commission rate can range from around 4% to 6% of the house’s total sales price. Aside from this, you may also be asked to pay for the advertising expenses, closing fees, listing fee, brokerage fees, and any other fees associated with selling your house that the agent might charge you. If you have decided to list with an agent, it would be a bright idea if you discuss this matter beforehand or be prepared to be charged with expensive fees at the end of the day.
Most of the house-sellers got surprised the moment they found out how much they can save by selling their house directly to an investor. Believe it or not, if you choose to sell your house to a real estate investor in Kansas City, you will not have to worry about being charged with highly expensive advertising expenses, closing fees, listing fee, brokerage fees, and any other fees associated with selling your house. You will rarely find an investor who will ask you to pay these charges.
Usually, it is the investor who will shoulder all the expenses and you do not also need to pay for commission fee like you would normally do when listing with an agent. Because they are not like agents who list your house somewhere else and wait for weeks or months for potential buyers to come in, selling a property to an investor is more convenient and time-saving. The investor will be the one to personally buy the house from you. In addition to that, you also have the control as to how quick you want to close the deal. But then again, you should ask the investor about certain fees that you need to pay before closing.
Aside from the fees mentioned above, what most house sellers don’t realize are the hidden costs when listing with an agent. Most often, it will take a couple of months for your house to be sold when you are working with an agent. While waiting for the buyer, you will need to pay the bills, mortgage, and taxes for the extra months. Plus, you need to invest a good amount in having your house maintained and repaired.
The good thing about dealing with investors is that you will not have to worry about all these hidden costs. They can buy your house as fast as within a week and as-is or no matter what is the current condition of your house.
Should You Choose To Work With An Agent Or With An Investor?
After knowing all the fees that you need to pay, which do you think is more favorable to you: selling to an investor or listing with an agent? Should you need to know a little more about this topic, feel free to get in touch with us anytime. We are more than happy to walk you through the process. And oh, we will not charge anything.