In this blog post, we break down what are the fee differences for agents vs investors. You want to sell your house in Fort Worth or the surrounding area and you’re looking forward to putting some money in your pocket from all your hard work and efforts on one of the biggest investments you’ll ever make… your home. But are you aware that selling your house may mean you have to PAY money? In this blog post, we break down the details of what are the fee differences for agents vs investors…
It’s true… selling your house can sometimes mean that you have to pay. (This isn’t always the case but many times it is.) We want you to know about the different fees you have to pay because this information may help you decide whether to list your house with an agent or to sell your house directly to an investor.
What Are The Fee Differences For Agents Vs 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 multiple listing service (MLS) and use various marketing efforts to try and find a buyer for your house.
So you’ll end up having to pay some fees to the agent. Those fees usually include a real estate commission if they can sell your 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 additional fees and they should tell you.
What Are The Fee Differences For Agents Vs Investors? — Investor Fees
This is the part that surprises most home-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 real estate commission to pay because most investors are not agents so they’re not listing your house. You might be responsible for some closing costs however this depends on the individual investor and what you can negotiate with them so be sure you ask the investor who pays for the closing costs.
The One “Fee” Many Home Sellers Don’t Think About
There’s one more cost “fee” that many home sellers don’t think about is: when you work with a real estate agent, they’ll ask you to fix up your house before listing it on MLS and then you’ll have to pay bills and property taxes for as long as it takes the agent to find a buyer and get your house SOLD. 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 your house in Fort Worth or the surrounding area to an investor, they buy quickly and typically buy “as-is” so you end up saving this cost as well.
So what option above is right for you? It depends on how much you’re able and willing to pay and how quickly you need to sell.
If you would like to discuss the costs in more detail or confirm that we won’t charge you any fees when you sell your house to us, then please get in touch with us and we’ll be happy to walk you through our process.
We’re happy to give you more information about our home buying process and to share with you exactly how it all works. Click here and enter your information or pick up the phone and call us at (817) 550-5069 Ext# 4000.
TMC Property Solutions is an accredited business and A+ rated members of the Fort Worth BBB and has been buying houses fast in Dallas Fort Worth since the year 2000.