What Are The Different Fees Paid To Agents Versus Paid To Investors?
If you answered YES to any of these questions call us for some free advice.
You want to sell your home in Orlando and you are looking forward to putting a ton of cash in your pocket. But did you realize that selling your house 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 home in Orlando can sometimes mean that you have to pay. (This isn’t always the case but it often is.) We want for you to know about the different fees you have to pay because this information may help you decide whether to work with a Realtor or to sell your house directly to an investor.
What Are The Different Fees Paid To A Realtor Versus Paid To Investors? — Agent Fees
A Realtor 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(you may not be allowed to place a sign) 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 Realtors 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
Yes, I am a LIsting Agent
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