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Every year, over 12 million American families move out of a home and into a new home that they purchase, typically using a realtor. Some families stay in a home for their entire lives so they don't have to worry about what this article will be about. When you sell your house, you have a choice to make that will effect your family: should we use a realtor or should we not use a realtor? If you don't use a realtor, you have to choice of selling the house yourself as a for sale by owner, saving the fees you pay to a realtor.
So what exactly does a realtor charge to sell my house?
Typically, a realtor and their broker charge a 3% fee to list and sell your home. You sign a contract that you'll pay them 3% of what you sell your home for. So if you sell your home for $100,000 then you agree to pay them $3,000 for selling your home. The numbers only go up from there.
If you use a realtor to sell your home and use them to help buy your new home you'll move into, that's 6% of the total sales price you have to pay this realtor. That's insane!
So what can someone do? Favor Home Solutions!
You can find someone who will buy your house for cash, which is typically a cash investor that invests in real estate using their own, private money they usually have themselves saved up. This is a quick, easy process that you can go through to save your family those outrageous fees.
If you don't want to sell your house with an investor because you believe you won't make as much money, then you can most definitely sell with a realtor. But I believe selling with an investor is the best, smartest investment you can make with your family because they can give you cash quickly for your home.