In most cases, people who want to sell their house are responsible for closing costs, the term applied to numerous fees that are charged upon closure of a real estate transaction. These fees can significantly cut into the overall value of the sale, but in most cases, are unavoidable. In some cases, closing costs might even force sellers to end up paying money to sell their house, if they don’t have much equity in their home to begin with. Fortunately, there IS a way to sell your house without having to pay closing costs. Sellers in the DC metro area who are “in-the-know” about this secret don’t have to pay fees and can close on their real estate quickly – cash in pocket.
Want to know what this secret is? If so, keep reading…
Typical Closing Costs
When selling a house in the typical fashion, sellers are expected to pay closing costs in order to allow the deal to move forward. Since it is a rare scenario when a typical buyer offers to pay these closing costs, don’t expect this to happen. In most real estate transactions, sellers can expect to pay between 6% and 10% of the sales price in closing costs. This can amount to $50,000 in fees on a $500,000 house!
There are a number of closing costs that chip into a seller’s bottom line, and in some cases, turn a potential profit into an expense, including:
- Loan Payoff Fees
- Prorated Property Taxes
- Transfer Taxes and Recording Fees
- Title Insurance
- Attorney Fees
- Liens and Judgments
- Grantor Taxes
In some areas here in the Washington DC area, buyers will be inclined to ask sellers to pay for their closing costs as well. Those sellers who are struggling to find a way to pay for their own closing costs may end up in the precarious position of paying a buyer’s portion of the deal too. This is all before you factor in the Realtor commission fee, which is generally about 6% of the closing value.
It is easy to see how seller closing costs can really add up, giving homeowners who are thinking about selling their real estate a reason to pause. Is it even worth the time, effort, and money required to sell a house?
How to Put More Money in Your Pocket
While most people think there isn’t much they can do about many of these fees, you’re about to learn why this is just a common misconception.
Homeowners in the DC metro area who sell their homes to us won’t have to deal with Realtors, nor the fees that go along with them. What’s more, homeowners who sell their house to us generally net almost as much as with a Realtor, but without the hassle and the months of time required to find a buyer.
If this all sounds too good to be true, brace yourself, since there’s more…
Homeowners in the metropolitan DC area who work with us aren’t responsible for Realtor fees OR any of these other seller fees. We take care of everything, while ensuring a quick, professionally mediated real estate transaction that will allow you to get the most for your house, without having to worry about all the details.
If you’re a homeowner in the Washington DC metro area and are interested in selling your home fast, contact us today – and we will take care of the rest!