Did you know it costs a lot of money to sell a house?
What most homeowners do not realize when they sell their house is just how much it will actually cost. Truth be told, it actually costs a lot of money to sell a house!
On average, when you sell your house you will net approximately 78% of the listed price. (The net is the amount of money left over after all expenses have been paid.) If you see a property in your neighborhood listed for $100,000 the seller will probably net around $78,000. Where does the money go?
Let’s say you list your house with a Realtor for $100,000. You then wait at least six months to sell and while waiting to sell you are making six more mortgage payments. When you finally receive an offer, it will be at least 5% UNDER your list price and that offer doesn’t even take any repairs into consideration. (If you property is in need of repairs expect an even lower offer.) Don’t forget you owe the Realtor’s commission of 6% for selling your house in six months. And finally you have the other costs, closing costs, utilities, etc… another 4.5% off of the sale price.
Take a look at the following chart to see the true cost to sell your house broken down.
Example of a traditional real estate transaction:
Listing Price: $100,000
Less:
Selling Price $95,000 (5% discount)
(no repairs included)
Commission $6000 (6% average)
6 mo. Mortgage $6000 ($1000 x 6)
Other Costs $4500 (4.5% average)
(closing costs, utilities, etc)
Net Sale: $78,500 (78% of Listing Price)
These costs could be associated with selling your house…but we have a better way!
Sell to an investor!
The national average to sell a house currently is six months, so if you want to wait to sell your house then you could hire an agent and play the waiting game.
After you pay all the fees and holding cost you will end up with much less in your pocket than what you listed the house for.
Ask yourself this question…Why not sell to an investor?
We can close quickly, sometimes in as little as a couple of weeks. We will buy your house “as is”. There is no need to make any repairs. You pay no commissions; no waiting months to sell, no waiting for loan qualifications our offers are for cash!
Our network has helped many sellers in every imaginable situation sell their house fast. If you or someone you know needs to sell fast please submit your information by visiting http://www.TrsCanHelp.com and click on “Fast Response Form”. Enter the required information about your house so we can make you an offer today. Remember, you are under no obligation to sell to us. This service is free.
Author Resource:-
Matthew Lohse has been investing in real estate since 2006. He is the manager of Today's Real Estate Solutions LLC. Today's Real Estate Solutions LLC specializes in different solutions to help homeowners who are in financial distress. Our solutions offer you the opportunity to save your credit and possibly help you keep your home. We also purchase homes from individuals that need to sell quickly, regardless of the reason and offer a closing date that is convenient for you. Visit http://www.TrsCanHelp.com to sell fast. More at Costs to Sell Your House
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