We Buy Houses in Saint Paul MN. For many people, when they think about selling their houses, the first option they consider is to look around for a local agent. However, Real Estate Agents may not be the best choice if your looking to sell your house fast. They typically require a host of added costs and expenses (on top of their hefty commissions), as well as a waiting period of between 3-6 months. Instead, why not consider selling directly to our company, FastPath Home Buyers. In this blog, we will discuss some of the most common costs of a traditional listing, so you can determine if hiring an agent is the best choice for you!
The Pre-Listing Costs
Before you consider putting your home on the market, it’s important to do your own research first and see if listing your house is actually worth it. Firstly, take a look at the houses that are currently listed on the MLS within your local area. Look at the asking prices for properties that are comparable to yours and then, more importantly, look at what these comparable properties are actually selling for. This will help you answer the following questions: How does your house stack up? Will people opt for your house over the one next door, and why? What should you set as your asking price?
After all of this research, you will need to look at your house from a buyers point of view. For this, it’s important to remember that buyers will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to your house in order to be competitive. All of this work will need to be done far in advance because houses that sit on the market (typically house’s that are in states of disrepair) lose interest among buyers over time. If your property doesn’t sell quickly, people will likely believe there is something wrong with it. As such, you need to come out of the gate with a house that “Wows” potential buyers and that proves to be an excellent value for their money.
But if you choose to sell your house directly to our company, FastPath Home Buyers, you won’t have to worry about beautifying your house. We accept house’s “as-is”, meaning in any condition. No Repairs! No Upgrades! You won’t even have to worry about cleaning your house. Simply call us at (612) 351-2384, or visit our website and fill out a short form, and we’ll get back to you with the highest possible All Cash Offer we can give for your house.
Agents don’t work for free. In most cases, your agent will work incredibly hard and deserve every penny you pay them. That said, you should be wary of those who won’t. While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission ( which typically runs about 6% of the final sale price). You will owe the agent this amount, even if you end up finding your own buyer and selling the property on your own to someone you know, from the moment you sign their contract. In addition, agents are also a very expensive option. Most agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Make sure you know exactly what’s included in your listing agreement as no two agents are the same. However, if you sell your house directly to FastPath Home Buyers, you won’t have to worry about any added fees or expenses.
At The Closing Table
Once the closing date comes around, (in addition to paying your agent) you will also have to pay for the closing costs. You can usually estimate this to be approximately 2% of the final sale price. The closing costs include things like appraisal fees, taxes, deed recording, title search, dee recording, credit checks and more. However, with a direct sale to FastPath Home Buyers, all of these costs are covered for you.