Want to know how much will I pay when I sell my house in Bakersfield? It’s no secret that selling your house can be costly, time-consuming, and stressful. Specifically, there are several fees that sellers must pay to sell their house through a real estate agent. However, sellers can avoid most of these costs by selling their home to an investor like Top Offer Today.
Closing Costs When Selling Your Home Through a Real Estate Agent
The standard closing costs are usually heavily negotiated and outlined in the sales contract. However, often overlooked is that the true cost to sell your home includes the cost to get your home “market-ready”. These fees can be as little as a couple of hundred dollars to enhance the curb appeal of your property. They can also go all the way up to a couple of thousand for major renovations. Not to mention the cost of staging your home and hiring a photographer.
Additionally, the cost of making repairs after your home is appraised must also be factored in. Most of the time, the home inspection will come back unfavorably for the seller, especially with older homes. When this happens, the buyer will either demand certain repairs or ask you to lower the price to follow through with the deal. If you really need to sell your house, this can put you in a tough position. This is especially true if the real estate market is cold at the moment.
Expensive Agent Commissions
Even after all those costs, the most substantial closing cost will be the real estate agents’ commission fees. For the most part, real estate agents make their money when they find you a buyer to purchase your home. You are responsible for paying the standard 6% commission fee when the deal closes.
For example, if your home is listed for $200,000, that means that you will pay approximately $12,000 in commissions. This amount is typically split evenly between the listing agent and the buyer’s agent. Keep in mind that all of the fees mentioned above are in addition to the cost to pay off any liens or existing mortgages on your property.
Closing Cost When Selling Your Home To Top Offer Today
On the other hand, when you sell your house to an investor, you don’t have to invest in making repairs. Most cash buyers are seasoned, real estate professionals. They understand that your home is imperfect and will require some work after they purchase it. Therefore, your property will be sold “as-is.” Further, when you sell your house to an investor like Top Offer, you don’t have to deal with lenders, contingency clauses, and unfavorable home inspections.
Most importantly, you do not have to pay them any commission fees, which can be substantial, as explained above. Notably, investors, like us, do not list your property on the Multiple Listing Service (MLS) or market your property to other potential buyers. Instead, investors purchase your property and either flip it or rent it out depending on the local market.
Further, you don’t have to be at the mercy of the lender to approve your buyer’s loans. Within a month of contact with an investor like us, your home will be sold, and you will have cash in your pocket.
Get A Top Dollar Offer
With that being said, why not make selling your home easier and faster by selling your home for cash to Top Offer Today. This way, you can move on to the next chapter of your life. When you sell your home to Top Offer Today, we can typically close in less than three weeks. We handle all the expenses and closing costs. The best part is you don’t have to pay us any commission. Hopefully, this article helped answered how much will I pay when I sell my house in Bakersfield.
If you want to get a top dollar offer give us a call at (661) 493-8530 or visit us online at topoffertoday.com