Can I Sell My District Heights Home Without Having to Pay Closing Costs?
June 20, 2021
June 20, 2021
Most buyers are aware that when they purchase a new home, they have to come to the closing with something. In general, all costs related to the loan are paid by the buyer. But what surprises many people is that the seller also ends up paying closing costs – often times more than what the buyer pays!
It’s true – sellers in District Heights, Maryland pay fewer expenses but pay more at closing because they are responsible for the real estate commissions for both agents, which usually amounts to 6 percent. There are some other fees as well, which we’ll discuss below.
If you want to sell your home without closing costs, contact 4 Brothers Buy Houses today. Our cash home buyers can typically close in 7 to 10 days – and we cover most closing costs. This is the best way to get the most money in your pocket.
What are Typical Closing Costs in District Heights?
Closing costs typically range from 3 to 6 percent of the home’s purchase price. For buyers, closing costs make sense. After all, you’re taking out a loan and must pay the fees that go along with it, including application fees, attorney fees and underwriting fees.
Sellers, on the other hand, are often blindsided by the closing costs they have to pay. As the seller, you are responsible to pay off all loans on the property to clear the title. You must also cover the commission for both agents, and bring extra to the table if you don’t have equity in the home.
As the seller, here is a list of fees you can expect to pay at closing:
- Fees for the buyer’s title insurance policy
- Mortgage payoff and prepayment penalty
- Outstanding amounts owed on the property
- Seller’s attorney fees
- Transfer taxes and recording fees
Additionally, the buyer may ask you to pay some or all of their costs. This isn’t as common in a seller’s market, but it’s definitely something to be aware of!
Is There a Way to Sell a Home in District Heights without Closing Costs?
Want to keep more money in your pocket? We don’t blame you! Fortunately, you do have options to sell your District Heights home without having to pay closing costs. When you sell your home to 4 Brothers Buy Houses, we will cover most or all of your closing expenses.
Our home buying company is honest, ethical and well-respected in District Heights and the surrounding areas. We pay cash for homes and we take them in as-is condition. No matter how rundown or distressed your property is, it’s worth something to us! Once you receive an offer, we can close in about one week.
There are absolutely no fees to use our services, and we cover most closing costs. To get your free cash offer, contact 4 Brothers Buy Houses today. We work quickly and efficiently to get homes in District Heights sold fast and for top dollar!