When you hire a Bixby real estate agent, you might be surprised to learn about all the costs associated with their services. Most homeowners are only aware of the realtor commission fee, but that is not the only expense involved. Let’s take a look at all the hidden costs of selling your home with the assistance of a Bixby real estate agent. We’ll also discuss some alternatives to listing your home with a realtor. Even though realtors offer a good service, many times it may make way better sense to sell your house as is to a Bixby we buy houses buyer.
The Typical Costs of Selling Your Home in Bixby, OK
Let’s go over the realtor commission fee, so it is clear. The average commission rate is 6% on the sales price of a home in Bixby. If you sell a home for hundreds of thousands of dollars, you will end up paying five figures for the commission fee alone. On top of that, you’ll have to pay to fix your property and make it look beautiful for potential buyers. These additional expenses will include services like professional photography, advertising, landscaping, staging, and cleaning.
Don’t forget about the holding costs too. Simply holding onto your property will force you to incur additional expenses each month. You’ll have to pay for utilities, insurance, taxes, mortgage, and repairs until you finally sell your property. And on the traditional real estate market, there is no telling how long it will take for you to find a buyer. It could take months or sometimes even years to find a buyer, depending on the current state of the real estate market.
How about the closing costs? If you ever strike a deal with a buyer and close on the sale, you can expect to pay between 1% and 3% in commission fees to the title company to close the deal. When you add that to the cost of the realtor commission fee, repairs and holing costs, it may not leave you with much money leftover. That is why it is often good to consider selling your Bixby home quickly to a local property investment company that can offer you a fast cash deal with no strings attached.
Is it Worth Paying to List Your Bixby Home for Sale?
If you don’t need to make any repairs to your home, you might benefit from listing it for sale with a Bixby real estate agent. However, you need to hire a trustworthy real estate agent with an outstanding reputation for delivering quality results to their clients. It is difficult to know which real estate agent can sell your home quickly, though. Even if you find a reputable agent, there is no guarantee of how long it will take to sell your home. Also, there could be a lot of competition in the marketplace. It could force you to wait months to sell your home, causing you to incur more holding expenses.
Therefore, your best bet would be to sell your home to a cash buyer directly. Then you don’t have to wait and wonder whether your home will sell. You’ll also avoid having to pay commission and closing fees too.
Alternative Ways to Sell Your Home in Oklahoma
Professional buyers are real estate investors that buy homes directly. They don’t require you to have a professional realtor, appraiser or title company lined up to close the deal. They usually will take care of lining up the title company for you. You would simply call the professional buyer and let them know that you’re interested in selling your home. The buyer will come to your property and look around one time. After that, they will make you a cash offer on the spot. No repairs, due diligence or commissions are required. If you agree to their cash offer, it will be the exact amount you receive on the day of the closing. The buyer covers all the paperwork and closing expenses.
When you contact our team, you will receive a cash offer on your property usually that day. The condition of the home does not matter. We buy houses in as-is condition with no further questions asked. You are not required to fix anything or stage the home for our buyers. We only need to make one walkthrough of the home before we have an offer to give you. It is as simple as that.
Contact us today at 918-297-6222 to get started.
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