Have you ever been shocked by how expensive your closing costs end up being? Selling your house can be expensive even when you don’t have exorbitant closing costs. Here are a few helpful details to help you know what closing costs you can anticipate when selling your house for cash.

Traditional Closing Costs

When you’re selling your house to a traditional home buyer, the closing costs can be a lot more expensive than when you sell to a cash buyer. Often, your closing costs can cost anywhere from 2% to 6% of your home sale price. These costs can include things like appraisal fees, discount points, escrow account fees, attorney fees, federal recording fees, loan origination fees, mortgage fees, insurance fees, taxes, and more. Additionally, if you use a real estate agent to help with your sale, you’ll need to pay their commission fee. This fee alone can cost 5-6% of your home sale price, adding up to tens of thousands of dollars. 

Cash Buyer Closing Costs

Selling your house to a cash buyer can help you to save big on your closing costs. You might even find that your typical closing costs are cut in half or more. Cash buyers do charge closing costs, but they are quite minimal and only contain the costs that are absolutely necessary. However, you won’t have to pay some of the unnecessary fees such as appraisal fees, credit report fees, loan fees, application fees, and expensive commission costs. When you sell your house to a cash buyer, you won’t have any lender fees, and you won’t be expected to pay the buyer’s portion of the closing costs, as often happens with traditional buyers.

How to Get Started

Doesn’t it sound nice to save so much money on closing costs? You can get started in the process of selling your house for cash by getting a cash offer. Don’t worry, you won’t need to prep your house and post listings and advertisements. Instead, you’ll just need to contact your cash buyer of choice and ask them for an offer. After learning more about your house, such as where it is located, what its square footage is, etc., your cash buyer will get to work. Within 24 hours, you should receive your personalized cash offer. After skipping repairs and financing delays, you’ll be ready to sell your house in no time!

If you’re eager to save on your home sale and want to cut down on closing costs, a cash buyer will be perfect for you. Remember this article for tips on how to sell your house for cash. Soon, you’ll be able to quickly and easily sell your house for a great cash price. 

Do you want to save big on your closing costs by selling for cash? Click here to get an offer today from Fox Cities Home Buyers.