Have you ever carefully planned out your budget for your home sale only to be surprised by the expensive commission costs you’re expected to pay at closing? Luckily, you can avoid commission costs when you sell your house to a cash home buying company. Here are a few helpful details about how cash home buying companies work.
What is a Cash Home Buying Company?
A cash home buying company is a type of cash buyer, which means that they purchase homes for cash payments. These companies purchase homes in any condition and often rent out or renovate and flip the homes that they purchase. Cash home buying companies are extremely easy to work with as they will purchase your home as-is without requiring you to pay for repairs. They also never charge commission costs since they work individually to purchase your home. In all, selling your house to a cash home buying company could save you tens of thousands of dollars.
How Do They Work?
When you want to sell your house to a cash home buying company, you can get started by getting a cash offer. You’ll need to contact the company and ask them to calculate a cash offer for you. To do so, they’ll need you to provide them with some of your home’s information and specifications. This will help them to calculate the value of your home, which will be reflected in your cash offer. Within 24 hours, you should receive your free, no-obligation cash offer from the company. Then you’ll be able to skip the typical routine of repairing, renovating, and giving tours of your home. Instead, you’ll sell as-is within a matter of days after completing their easy closing processes.
Who Charges Commission?
Are you wondering who charges commission when you’re selling your home? Many traditional home buyers (and even some cash buyers) work with real estate agents to help them buy a home. Real estate agents charge commission costs as their payment for their help, resources, and services. Even though it might seem helpful to hire a real estate agent, they can quickly become unaffordable, since their commission costs usually equate to 5-6% of your home sale price. This can be a heavy price to pay if you have a limited budget for your house sale.
If you want to avoid paying expensive commissions, sell your house to a cash home buying company. They work without real estate agents to purchase your house in an easy process that will save you lots of time and money. When you see the benefits of selling your house to a cash home buying company, you’ll never want to go back to selling your home traditionally.
Do you want to sell your house without paying expensive commission fees? Click here to get a cash offer today from On Your Terms Home Buyer.
