We buy houses in Washington DC. We are your local Washington DC home buyers and we offer cash for houses in Washington DC. You’re looking forward to finally selling your and putting some money in your pocket. You even have equity in the house! Did you realize that selling your house may mean you have to pay money? Surprised? Many homeowners feel the same way. Selling your house can mean bringing money to the closing table sometimes. We want you to understand the different fees you have to pay. This information may help you decide whether to work directly with an investor or sell your house through an agent. Read below to see how the fees break down between agents and investors.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
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.
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.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
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
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.
Not to mention the time it will take your home to sell with an agent verses an investor. You need to account for the utilities and mortgage payments you will be making while you wait for your home to sell the traditional way.
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 to us then please get in touch and we’ll be happy to walk you through it.
We Buy Washington DC Houses
We buy houses in DC. If you think you need to sell your house in Washington DC fast, then you may need an investor. The House Guys are local homebuyers in Washington DC and we’re helping local homeowners solve their housing problems quick and hassle-free. If your house in Washington DC qualifies, we can make you a quick and fair cash offer.