If you have never sold a home before, you might not know how complicated traditional methods of selling can be. You would think that the seller and buyer simply agree on a price and make a transaction, but this is not the case. There are many fees and nuances in traditional selling processes that eat away at the overall profit.
What is a Commission Fee?
One of the most significant fees when selling your home using traditional methods is a commission fee. A commission fee is a fee that is paid out to a third party that helps with the transaction in some way. For example, when selling a home, you would typically pay out a commission fee to a real estate agent. Real estate agents know a lot about the traditional housing market and offer valuable expertise in marketing to, showing for, and negotiating your home with buyers.
Drawbacks of a Commission Fee
A real estate agent’s knowledge and help are obviously important when selling your home traditionally. Without their help, it would be very difficult to get a fair price for your home. However, the cut that they take out of the offer price is often very high since they do so much work for you. Even though you think you are getting paid a certain amount for your home, a lot of that money will actually go towards paying off commission fees. As a result, you will be left with a significantly lower profit than you were originally expecting.
No Fees When Selling to a Cash Home Buying Company
When you sell to a cash home buying company, you do not sell your home using traditional methods. Because you are avoiding the traditional housing market altogether, the process is much simpler. You will not need a real estate agent’s expertise to understand what is going on during the selling process. In fact, you can handle the entire transaction on your own. As long as you are handling the transaction on your own without any outside help, you won’t have to pay any commission fees. Furthermore, you won’t have to pay any additional fees when selling this way.
When you sell your home to a cash home buying company, the process is as simple as possible. You don’t have to worry about any hidden fees or complicated procedures. When selling this way, you can rest assured that you are getting the entire profit and making good money on your home.
To avoid commission and other pesky fees when selling your home, contact Taggart Property here today.
