Avoid Real Estate Fees with a Cash Sale in Lancaster PA
Avoid Real Estate Fees with a Cash Sale in Lancaster PA – One of the fastest ways to get your Lancaster home sold is to sell it for cash. This eliminates the need for time-consuming bank procedures and underwriting, added transaction fees, and agent fees.
Working with a cash buyer company ensures that you do not incur these extra fees for selling. You initiate contact with the buyer making the process faster and less stressful. No matter if your focus is to sell a Lancaster property as quickly as possible to beat a deadline or to just have a smooth and quick sale with less work.
Avoid Real Estate Fees with a Cash Sale
The Traditional Home Sale Process
The traditional home sale process refers to the process that a majority of homeowners use to sell their homes. This is the process of hiring a real estate agent, preparing your home to be listed, and marketing and listing your home on the MLS. It is a popular and trustworthy approach with the right agent, but it can cost a homeowner a significant sum of money to sell their home.
Working with a real estate agent means paying them a commission for the hard work they have done. Often it is worth it, but sometimes it might not be the most beneficial route for a home seller. Real estate commission can be anywhere from 3 to 6 percent of the home sale price. The home seller pays both the selling agent commission from the realtor who helped them sell their home and the buying agent commission from the realtor who worked with the buying party. Not many homeowners consider the cost of these fees when calculating the potential profit on their home sale.
In addition to the commission, a home seller may pay a portion of closing costs to help the buyer get into the home if asked. They may also pay fees like filing fees, tax fees, etc.
Selling For Cash Gives an Alternative Option to Fees
One of the biggest perks of selling your Lancaster home for cash is the ability to avoid the extra fees of selling your home. Considering the real estate commission alone you are saving several thousand dollars. Some people argue that a cash buyer offers less and it doesn’t make a difference, but it can work out to save you money when you consider all of the fees paid by the seller (taken out of the profit of the home sale proceeds). One definite savings that is always guaranteed with a cash home sale is not paying real estate commissions to agents.
More Benefits of Selling a Home for Cash
Selling your home to a cash home buyer in Lancaster has more benefits than avoiding the costs that come with listing your home for sale traditionally. The biggest benefit of selling a home in Lancaster for cash to a cash home-buying company is the timeframe it takes to sell your home.
Not every home is sold in seven days, but it is possible to get a home sold in as little as seven days when you work with a cash home-buying company. The process starts with contacting a reputable buyer and telling them a little bit about your Lancaster home.
They will set up an appointment (no waiting around for a potential buyer to hopefully be interested in your home and come take a look at it and maybe consider an offer or walk on to the next home wasting your time.. They will show up at the agreed-upon time with plenty of notice beforehand (not just showing up and knocking on the door with clients who were in the neighborhood and really want to see the home now). After looking at the property and getting some final information they will make an offer ( most of the time) with a contract for you to read over. There is no pressure to accept the offer and you choose the sale date.
That’s it, no waiting for someone to secure a loan, no final calculations on which party owes what fees to underwriters, and title processing. Your home could be sold in one week from now and the fees are paid by the cash home buyer.
If you are interested in selling your home fast and avoiding real estate fees, contact us today.
