Thinking of selling your house in Southwest Florida and eager to pocket some money? Be aware that selling your house might come with certain costs attached. In this blog post, we delve into the breakdown of fees between payments to agents and investors.
It’s a reality that selling your property in Southwest Forida may involve costs. Although not guaranteed, expenses often arise in this process. Familiarizing yourself with the different fees can help you decide whether collaborating with a real estate agent or selling to an investor is the best option for you.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
When you work with a real estate agent, you are partnering with a skilled sales professional who will actively seek a buyer for your property. To attract potential buyers, the agent will list your home on a prominent listing service and implement a range of marketing strategies.
When selling a house in Naples, Fort Myers, Cape Coral, Lehigh Acres, Punta Gorda, or Port Charlotte , you can expect to incur various fees, including a commission for the agent. Typically, this commission amounts to around 6% of the sale price, which equates to approximately $6,000 for a $100,000 property. In addition to the commission, there may be other expenses such as advertising fees, listing fees, brokerage fees, signage costs, title company charges, and more. It’s essential to discuss these fees with your agent to gain clarity on all associated costs.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
One aspect that often catches house-sellers off guard is the minimal fees involved when dealing with investors. Typically, investors cover all selling-related fees, and as they are not real estate agents, there are no commissions to worry about. While you may have to handle closing costs, this can vary depending on the investor, so be sure to inquire about who covers these costs.
The One “Fee” You May Not Be Thinking Of
When considering selling your house, there’s an additional cost that might not be on your radar: while working with an agent, there is a need to invest in house improvements, along with ongoing bills and taxes until the sale is finalized. Although not a direct fee to the agent, this is an expense incurred due to their services. On the other hand, selling to an investor usually results in a quicker sale, eliminating these additional costs. Additionally many investors will buy your home”AS IS” meaning you don’t need to spend money on costly repairs.
The decision on whether to work with an agent or sell to an investor hinges on your budget and urgency 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.