Naturally, all sellers want to get as much as possible money for their home when they sell.

This is why it’s important to try and avoid any unnecessary costs that can eat into your profits after closing. There are at least two options if you’re considering selling your house in Florida: you can either sell to a cash buyer/real estate investor, or you can go the traditional route of selling with a real estate agent. Both options have stark differences, but selling to a cash buyer is almost always a better route if you’re looking to sell fast and for top dollar.

Here are some of the costs you may incur with a traditional home sale:

SELLING AS-IS VS. PAYING FOR PREPARATION OR REPAIR COSTS

A cash home buyer will buy your property as-is. This is especially important when your property is not in the best condition. If you’re going the traditional route with a real estate agent, you’ll incur significant repair and preparation costs.

Those costs can come in the form of staging, as well as other cosmetic upgrades and extensive repairs. But all of these will be out of the picture if you’re selling to a cash buyer like United Property Team. We’ll buy your home as-is, so you won’t have to worry about spending a penny on upgrades and repairs.

REAL ESTATE AGENT FEES AND COMMISSIONS

Real estate agent commissions in Florida can be as high as 6% of the sales price. That’s about $15,000 if you’re selling a property for $250,000. The more you get, the more you get to pay.

Even if you decide to sell your house as a For Sale By Owner, you’ll still have to pay the buyer’s realtor fees. This is virtually unavoidable unless you’re selling to a cash home buyer. This will help you avoid huge commissions and fees that will dig into your profits.

SELLER CONCESSIONS

If you’re selling a property that’s not in the best of conditions, you may have to make certain concessions. This can be quite tricky if you’re selling in a buyer’s market. Buyers may demand that you make certain repairs or upgrades before closing or may ask for price reductions to cover such demands.

Of course, this could cost you a significant percentage of what you should have been able to get otherwise. But cash home buyers are always ready to buy as-is. You won’t need to haggle over a price back and forth, you won’t need to make repairs and upgrades, and you’ll still get a fair price for your property.

COSTS OF MOVING

Some buyers who sell via the traditional real estate market often have to wait for a long time to accept a reasonable offer. Some others are fortunate to sell within a reasonable timeframe while others may be pushed into a rushed move. In the case of the latter, you may be forced to move hurriedly, incurring unplanned costs for moving, storage units, and even temporary housing.

In some cases, you may still incur other costs like utility costs, insurance, HOA, depending on what time of the month you make your move. On the other hand, there’s much more flexibility if you’re selling house to a cash buyer in Florida. You can even get to choose a date for your move-out despite closing on the property. There’s a lot of flexibility compared to selling with a real estate agent.

CLOSING COSTS

Closing costs can vary depending on a lot of things. There are a  lot of associated fees and legal requirements that will affect your profits. That’s after you’ve have taken care of the realtor’s commission, which can be anything from 3% to 6%  of the total home sale.

If you’re selling to a cash investor, you’ll only be obligated to pay the prorated portion of the county taxes. The cash home buyer will usually take care of all other fees that may be needed during closing.

If you’re looking to get top dollar for your home sale, you want to block all the loopholes that may cost you more money than is absolutely necessary. If this is the case, selling house to a cash buyer is always the better option.

Aside from being able to avoid the high costs of closing associated with traditional home sales, you also get the flexibility that makes it easy for you to move on easily whether you’re planning to move quickly or want to move at a later date.

READY TO SELL TO A CASH BUYER?

We’ll offer a fair price for your property and will buy it as-is. You won’t have to go through the stress of listing on MLS websites or the expensive costs that come with using a real estate agent. You can contact us today to get started. We’ll be more than happy to help you move on as easily and as smooth as possible.

WANT TO SELL YOUR HOUSE FOR CASH AND FOR AS MUCH AS POSSIBLE? WE CAN HELP.

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