Selling a home can be an exciting, yet stressful process. One of the last steps in the sales process is closing. Closing involves signing all of the paperwork necessary to officially transfer ownership of your home from you to the buyer. It’s important to understand what is involved in closing and what costs you may incur when selling your home.
Let’s take a look at what costs you need to consider when selling your home and then we’ll show you a way to pay no fees or commissions.
Real Estate Agent Fees
If you have used a real estate agent or broker, they will likely charge a commission for their services. This fee is typically 6% of the purchase price, which is split between both agents involved in the sale (the seller’s agent and buyer’s agent). Depending on how much experience your real estate agent has and where you live, this fee could fluctuate slightly.
At MarketPro Homebuyers, we provide you with a cash offer on your home. There are no agent fees making it a true no commission sale. You pay zero commission!
Title Search Fees
A title search is typically done prior to closing in order to verify that there are no liens or encumbrances on the property that would prevent it from being sold legally. This fee can range anywhere from $100 – $500 depending on where you live and if any issues arise during the title search process (such as unpaid taxes).
Title Insurance Fees
In addition, both parties involved in the sale are required to purchase title insurance, which protects both buyers and sellers in case any issues arise after closing involving encumbrances on the property or fraud related issues with its title. You should budget around $1,000 for title insurance if this isn’t already included in your real estate agent’s commission fee.
Selling a home comes with many costs – some expected and some unexpected – but understanding these costs upfront can help make the process smoother and less stressful.
If you want to pay ZERO commissions or fees, we have good news for you. No-commission sales are real! At MarketPro Homebuyers, we offer home sales with zero commission involved. When you work with us, we give you a cash offer for your home, as-is, and you get to skip all the typical costs of putting your home on the market.
Work with MarketPro:
If you’d like to avoid paying commission, there’s no better company to work with than MarketPro. We pride ourselves on providing a stress-free selling experience that helps you move out quickly, without any of the hassles of fixing, staging, or selling your house. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania, or Tampa Florida we’d love to show you how easy and stress-free the sales process can be. Check out more MarketPro Homebuyers reviews here or contact us today for a same-day, no-pressure quote.