When you sell your house with a real estate agent, one of the things that many homeowners don’t realize is that you’ll have to pay commissions and fees to the realtor when you close. But with Ben Buys Indy Houses, there is no agency fee to sell your Indianapolis home for cash.
Curious to learn more? Keep reading to find out more information on what to expect to pay a real estate agent, some ways to avoid it and how Ben Buys Indy Houses can help you out!
Agency Fees to Sell a House
When you are selling a house with a real estate agent, the realtor will take a commission based off the sale price of your house. Usually, this is between four and six percent. That means that if you sell your house for $150,000, you will owe the realtor $9,000! This can especially become problematic if you still owe a lot on your mortgage. In fact, you may find yourself in the difficult situation of having to come up with money out of your own pocket to pay the real estate agent if you have low equity in your house.
Some realtors are willing to negotiate their commission, but many won’t. Of course, you have to bear in mind that the real estate agent is doing a lot of work for that six percent, but it’s still money you won’t get to keep. Not to mention, if you end up having to pay the majority (or all!) of your profit from your home’s sale to the realtor, it leaves you with nothing left to purchase a new house. Homeowners have to put in a lot of work in order to sell their house too, between keeping the house clean and rearranging schedules for showings and the list of other things they have to do. Paying an agency fee can be frustrating!
Ways to Avoid Agency Fees
There are a few ways to avoid paying agency fees or realtor commissions. The most common way is by opting for a FSBO (For Sale By Owner) method. There are pros and cons to this option, but for a lot of homeowners it ends up being worth it! By selling your house yourself, without the help of a real estate agent, you’ll be able to avoid paying that six percent commission at the end.
Clearly, FSBO is going to require more work from you. There’s research on the legal requirements, advertisements, listing your house online in various places and the actual negotiating. But on the flipside, you avoid having your negotiations go through a middleman, you’re able to best represent your home to potential buyers and you aren’t pressured into taking a lower bid by a real estate agent who just wants to get the house sold quickly.
Though in past years it was tricky to succeed at FSBO, websites have sprung up that are aimed at helping FSBO homeowners get their houses sold, not to mention the fact that social media can be a great tool for spreading the word, too!
With Ben Buys Indy Houses,There is No Agency Fee to Sell Your Indianapolis Home For Cash!
Another way to avoid paying real estate agent fees is by selling to Ben Buys Indy Houses! As an accredited cash home buyer in the Indianapolis area, we are ready and able to purchase your house within a week for cash. We purchase homes that are in any of the following categories:
- In need of updating
- Former rental properties
If you have a house that isn’t in one of those categories, it’s very likely we can still purchase it! Contact us to find out more. We purchase houses in as-is condition, no need to wait or pay for repairs or remodeling. Our team is made up of local people, and we pride ourselves on our honesty and integrity. There’s no need to fear a scam or underbidding.
Since we aren’t a real estate agency, you will not need to pay any closing costs or commissions when we close the sale. We will make you a fair and honest offer and ensure that you have a chance to consider it before completing the sale. On the other hand, if you are in need of the money and must move quickly, we can work with that, too!
Contact Us Today!
Ready to sell your house and avoid paying agency fees? Want to go through with a cash sale with someone you know you can trust? Ben Buys Indy Houses is ready to help you out! Contact us todayto start the process of getting an offer on you Indianapolis-area home. We look forward to hearing from you.