How Much Are Realtor Fees to Sell A House?

There is no single answer to the question, “How much are Realtor fees to sell a house.” The answer depends on which Realtor you choose and the property itself. However, you can expect to pay fees and commissions that total around 10 percent of your property’s value. This can add up to quite high costs.

Charging Commission

When you use a Realtor to sell your house, you will have to pay commission. The amount of commission will vary depending on the real estate agent you choose. Nevertheless, you can expect the commission to amount to around 6 percent of the total sale price. There will be other charges to pay on top of this amount. The buyer and seller’s agent will split this amount. Usually, the seller will bear the full cost. If you have a high-value property, this commission charge can be very high. 

Renovations and Repairs

If you’re going to use a real estate agent to sell your house, there are other costs to consider. You may need to carry out repairs and renovations to enhance your home’s appeal and increase its value. It isn’t always easy to sell a property. If your home is in poor condition, you’ll almost certainly need to rectify any problems before selling. This can be very costly. If major repairs are necessary, the costs can massively mount up. You may also decide to have a presale inspection carried out to determine what work you need to do. This can amount to around $400. 

Closing Fees 

Although the buyer pays many of the sale closing fees, the seller also pays some. Sometimes, sellers must pay some of the buyer’s costs. Also, there may be title insurance, transfer taxes, attorney fees, escrow fees, brokerage fees, and homeowners association fees to pay. Again, these costs can mount up. 

Saving Costs by Using A Cash Home Buying Company

There is a more cost-effective alternative to using a Realtor to sell your home. A cash home buying company represents a great solution if you want to save on costs. When you use a cash home buying company, you won’t need to pay expensive commissions. There will also be no hidden fees or charges to pay. You also won’t have to bear a share of the buyer’s costs. This means you can slash the costs of selling your property significantly. 

How Does Using A Cash Home Buying Company Work?

Many people are unaware of how convenient it is to use a cash home buying company to sell their property. Yet, it is a more cost-effective option than using a Realtor. It is also a quicker solution if you need a fast sale. Just contact LRT Offers and arrange a viewing of your home. You will receive a guaranteed cash offer on the spot, regardless of the location or condition of your home. You can then decide whether to accept it. If you decide to go ahead, LRT Offers will do all the hard work for you. You’ll just receive your money in your account quickly and effortlessly.