When considering if it makes sense or not to sell your house in Kansas City, and you are wanting to get some money that you can put in your pocket you are going to need to know what it’s going to cost you to sell. If you are like most people, you want your Kansas City house to sell fast. That’s always a great goal to have, but something a lot of people don’t realize is that sometimes when you sell your house it’s going to cost you money. I’m going to spend some time in this post going over some of the fees you might pay to agents versus investors when you want to sell your house fast Kansas City.
This is obviously something people don’t want to hear, but it is absolutely true, sometimes when you sell your house you are going to have to pay to do so. That’s not always going to be the case, but more often than not it is. We want to you to know about the different fees you have to pay because this information may help you decide whether to work with an agent or to sell your house directly to an investor.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees
Most of the time in Kansas City when someone wants to sell their house the use a real estate agent to do so. A real estate agent is a salesperson and their job is to market your house to try and find a buyer. Most of the time the agent will use the MLS and try and get your house in front of as many potential buyers as possible.
So you’ll end up having to pay some fees to the agent. Those fees usually include a commission if they can sell the house (this is the highest amount of money you’ll have to pay and it’s often about 6% of the sale price of the house, or about $6,000 for a $100,000). There may be other fees you have to pay as well, and these might include different advertising fees or other costs associated with selling your house. There might be a fee to list your house, or there might be a fee to the agent’s brokerage or there might be a fee to get a sign in front of your house or there might be a fee for the title company… the list goes on and on. You can ask the agent about these and they should tell you.
What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees
This is the part that surprises most house-sellers: for most investors, there are rarely any fees to cover. Investors will usually take care of all fees associated with selling. Plus there’s no commission to pay because they’re not agents so they’re not listing your house. You might be responsible for closing costs but this depends on the investor so make sure you ask the investor who pays for those costs.
The One “Fee” You May Not Be Thinking Of
There’s one more cost (“fee”) that you might not be thinking of: when you work with an agent, they’ll get you to fix up your house and then you’ll have to pay bills and taxes for as long as it takes the agent to find a buyer. So although this isn’t a fee to the agent, it’s a cost you’ll have to pay because of the agent… yet when you sell the house to an investor, they buy quickly so you end up saving this cost as well.
So what’s right for you? It depends on how much you’re willing to pay and how quickly you need to sell.
If you want to go over this in more detail or confirm that we won’t charge you any fees if you sell your house to us then please get in touch and we’ll be happy to walk you through it.