Closing Costs Eat Profits

Closing costs.

When you do a quick search for information on this subject you usually come up with a jaw-dropping list of them.

These costs can take a bite in the thousands of dollars out of your home price. Are you ready to relinquish the cash in a conventional home sale? because in most cases, it’s not the buyer who is demanding them, but the bank, your real estate agent, and lawyer, if you hired one to represent you in the sale of your home.

Your inability to escape these costs and fees can mean an additional $3,000 to $20,000 out of pocket on a typical home.

When you sell your house for cash, you can avoid many if not all of these costs.

  • Loan payoff costs, including possible prepayment penalty fees
  • Real estate commissions to agents or brokerages
  • Transfer taxes
  • Title insurance fees
  • Notary fees
  • Attorney fees

A cash offer on your house saves you these conventional closing costs along with other costs typically associated with selling your house: things like repairs, inspections, even extermination costs or yard maintenance if the house is vacant for a period of time.

Expenses and closing costs in a home sale can indeed pile up and end up costing you a small fortune, unless you decide in advance that you won’t stand for it. The way is smoother when you work with a cash buyer. For one thing, the bank is not a factor. That means you’re not paying a big bank department to push paper around and expend employee hours on the transaction. After all a cash payoff is an easy transaction.

Your cash buyer also covers any inspections or reports they need to decide whether or not to buy your home. In order for them to go into a transaction with both eyes open they will take responsibility for getting their questions about your house answered. You don’t have to repair or even clean the place if the buyer is willing to offer you cash.

Selling your property often feels like it costs an arm and a leg, even for homeowners who are not already underwater with their mortgage. If you can’t even break even, why bother?

Cash offers benefit the homeowner because they provide a quick and easy answer to a problem — especially if you are behind on house payments. They are extra sweet because they don’t cost you money just to walk out the door.

While Markette Properties may not be able to cover every single cost associated with a cash transaction, we’ve been able to cover the lion’s share of closing costs in almost every cash offer we’ve made. I urge you to speak up and ask questions of anyone who contacts you about selling your house.

Full transparency is our goal in serving all of our clients. If this post answers some of your questions, it may help someone else, too. Why not print it out and share it to a friend or family member who could use this information this week.

We can buy your house fast in Texas! Markette Properties presents an unique, simple approach for selling your home! We are real estate investors. We buy houses in Texas just like yours! We are dedicated to the highest professional real estate standards for all of our clients.

Do you want to sell your house fast in Texas for top dollar with the least hassle? Give us a call! (210) 853-2788 or click the button below.

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Photo Credit Flickr CC: Edmonton Real Estate

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