This can enable you to make a more informed decision and potentially save you thousands of dollars.
Real estate agents make their money by charging commission fees when the home closes, making Colorado Springs house sellers pay 6 to 8 % of the sale price to get their home sold. Investors, on the other hand, typically cover all closing costs (except for title insurance) and can close much quicker than real estate agents.
For example; if your house is listed with an agent for $200,000, then the total cost in seller-paid closing costs would be around $13,500. On top of this, there is another 4% ($8,000) that goes towards marketing and sales expenses charged by the agent which the homeowner also bears.
Agent –
This will make the entire process easier for the seller by leaving them with a home that is ready to be shown immediately.
Asking Price: Every property has an asking price or list price, as well as an initial offer price. The asking price is what the seller would like to receive when selling a house based on current market value and their personal investment in it, or how much they’d like to walk away with after selling their home. This doesn’t mean that you will sell your Colorado Springs house at this list price- chances are you won’t! And the actual dollar amount of your sales contract may be different than your asking price if there is more negotiation between buyer and seller.
Clearing your home of items you would like to sell may require a storage unit, which can run around $10 per day. If you have a lot of belongings you will need extra help as well. At the very least, expect to hire someone to haul away bulky items and junk that are difficult to move, such as old furniture or appliances from your garage. You should also prepare for gas expenses if you need to drive up to Colorado Springs for staging purposes before listing your home on the market.
In addition, don’t forget about advertising costs in Colorado Springs. Be prepared for costs related to newspaper ads, open houses, and flyers to promote your home sale. Before placing any classified advertisements in newspapers or online marketing sites, be sure the home is ready to be shown to prospective buyers.
When working with an agent, you can expect to pay between 6 and 7 percent of the sales price as a commission.
That’s about $5,769 on a $100,000 home. You might think that broken down into two or three payments throughout the year it wouldn’t feel so rough. That $900 a month could go towards your mortgage payment and make it much easier and perhaps less stressful to own your home in Colorado Springs .
To sell without an agent, sellers need to have their homes listed on the local MLS for sale by the owner, held open houses often enough to generate interest from buyers looking for their next dream house online, market them aggressively using social media Facebook groups for sale By Owner sites like Sale By Owner on Zillow.com.
This can make things more difficult for you in the future, financially.
Before you list your house with an agent, make sure that you research all of your options thoroughly. There are many online companies that offer a much lower listing rate per month than traditional real estate agents do. This will save money as well as time; if it sells quickly, then there is no need to pay high monthly rates for more months. And if it doesn’t sell right away, then at least the buyer will be getting a better deal on the price because they aren’t paying such high monthly fees [no_of_month].
The best part? You can even continue living in your home while selling this way!
Investor –
An investor has none of these expenses! And because investors pay cash and buy your house as-is in most cases, you can close fast, sometimes in a matter of days!
With little closing time to worry about, it is easy to see how selling your Colorado Springs house to an investor like the professionals at HBR Colorado saves you time and money! Ready to sell your Colorado Springs house? Call HBR Colorado at (719) 286-0053 or send us a message today!