Selling your house in Kirkland through a real estate agent may seem the most feasible idea. However, like many homeowners, you may find out that selling through the agents involves hidden expenses. This cuts into the profit and makes the process far more stressful and longer. Before you sell your property in Kirkland, you must learn about the hidden expenses. You should also learn about the feasibility of choosing cash home buyers.
Agent commissions- take a chunk of the profit
Real estate agents will charge their commission fees beyond doubt. It can be around 5% or more of the property sale price. That may be a large chunk of money; if the property is large, you cannot overlook the percentage. Cash home-buying companies like webuyhouseasis.com do not involve any such agents. As the seller, you deal with buyers, and no middleman is involved.
Repairs and renovation costs
Before you can list your property, real estate agents will ask for necessary repairs and upgrades to make it more appealing to prospective buyers. These could include things like repairing the plumbing setup or painting the interiors. These costs can add up fast. Cash buyers purchase your home in the present condition, and they will not ask you to repair it.
No prolonged waiting
The holding period cannot be avoided when you sell the house through an agent. The holding costs include insurance, utility bills, property taxes, and mortgage payments, if any. The fact is you may not be able to find users just after putting the house on sale through an agent. The waiting period may lead to months, costing you money.
Cash property buyers close the deals fast, wrapping everything up within weeks. This means the seller cannot cope with a prolonged monetary burden.
Closing costs
When you finally sell your home through an agent, the final surprise element is the closing cost. Closing costs usually include Transfer taxes, escrow fees, title insurance, etc. Eventually, this may cost you up to 5% of the property price. Most cash property buyers cover the closing charges; you need not fret about those.
Unexpected negotiations
Sometimes, when you find a property buyer through an agent, there can be unexpected and last-minute negotiations on the price. For example, a home inspection may reveal some damage or leakage, leading to the buyer asking for a price reduction. This can be a source of stress for you. When you opt for a cash home buyer, these issues simply do not crop up. They minimize the complications involved in the regular selling process.
Summing it up
As you can see, selling your property in Kirkland through a regular real estate agent involves certain complications and hidden expenses. With suitable cash home buyers, you can quickly get rid of such hassles. They do not throw in hidden cost surprises.
However, make sure you assess the cash home-buying companies and choose a suitable one, paying particular attention to aspects like their reputation and client feedback. Choosing the right company will ensure you get a good amount for your property.
