We Buy Houses in Cullman Alabama You want to sell your property and you’re looking forward to getting cash for houses in Ferguson. But did you realize that selling your home may mean you have to PAY money? In this blog post, we break down what are the different fees paid to agents versus paid to investors.
It’s true, selling your property can sometimes mean that you have to pay. (This isn’t always the case but it often is.) But as homebuyers in Alabama, we want you to know about the different fees you have to pay because this information may help you decide whether to work with an agent or to sell your house directly to an investor.
What Are The Different Fees Paid To Agents Versus Paid To Investors In Cullman, AL?
Agent Fees In Cullman, Alabama
An agent is a salesperson and they will try to find a buyer to buy your house. In order to do this, they will list your house in a listing service and use various marketing efforts to try and find a buyer in Cullman.
So you’ll end up having to pay some fees to the agent. Those fees usually include a commission if they can sell the house (this is the highest amount of money you’ll have to pay and it’s often about 6% of the sale price of the house, or about $6,000 for a $100,000). There may be other fees you have to pay as well, and these might include different advertising fees or other costs associated with selling your house. There might be a fee to list your house, or there might be a fee to the agent’s brokerage or there might be a fee to get a sign in front of your house or there might be a fee for the title company… the list goes on and on. You can ask the agent about these and they should tell you.
Investor Fees In Cullman, AL
This is the part that surprises most house-sellers: for most investors, there are rarely any fees to cover. Investors will usually take care of all fees associated with selling. Plus there’s no commission to pay because they’re not agents so they’re not listing your house. You might be responsible for closing costs but this depends on the investor so make sure you ask the investor who pays for those costs.
The One “Fee” You May Not Be Thinking Of In Cullman
There’s one more cost (“fee”) that you might not be thinking of: when you work with an agent, they’ll get you to fix up your house and then you’ll have to pay bills and taxes for as long as it takes the agent to find a buyer. So although this isn’t a fee to the agent, it’s a cost you’ll have to pay because of the agent… yet when you sell the house to an investor, they buy quickly so you end up saving this cost as well.
Sell My House In Cullman, AL
So what’s right for you? It depends on how much you’re willing to pay and how quickly you need to sell. If you want to go over this in more detail or confirm that we won’t charge you any fees if you sell your house in Cullman to us then please get in touch and we’ll be happy to walk you through it. We are Alabama home buyers and we’re happy to give you more information about our buying process and to share with you exactly how it all works.