How Do I Know If I Have to Pay a Commission When Selling My House?

It’s easy to get caught up in how much you expect to be offered for your home and how much of a profit you can make. There’s more that goes into profiting from the sale of your home than just how big the offer is though. You have to consider your costs as well. Commissions can sometimes be one of those costs, but how do you know if you have to pay them or not?

Are Real Estate Agents Involved?

To figure out if you have to pay a commission when you sell your home, the first question you have to answer is whether or not real estate agents are involved in the transaction. If so, there’s a good chance that you’ll have to pay agent commissions. This responsibility usually falls to the seller and is paid using the proceeds from the sale. Commissions are how agents get paid for their work. If neither the buyer nor seller is working with agents though, there isn’t anyone to pay a commission to. 

What about Fast Home Buying Companies?

Buying and selling real estate can be highly technical and complicated. Because of this, most buyers and sellers use real estate agents when conducting real estate transactions. That doesn’t apply to all buyers and sellers though. Fast home buying companies are real estate professionals in their own right and don’t need real estate agents to purchase properties. Their fast, simple, easy process means that those who sell to them don’t need agents either.

How Do I Sell to a Fast Home Buying Company?

Selling your home to a fast home buying company is arguably the easiest way to sell a home. All you have to do to get started is to contact the company and tell them about your home. If your home meets their criteria, they’ll contact you and schedule an appointment to come see your home. You can expect an offer within 24 hours. Once you’ve accepted the offer, pick your closing date and then show up at the appointed place and time to finalize the sale and get paid. It’s that simple.

It’s not always easy to figure out what your selling costs will be before all is said and done. The cost of repairs can be unpredictable and how much you are expected to pay in closing costs depends entirely on what is negotiated between you and the buyer. Whether or not you have to pay a commission is a lot more straightforward, especially if you sell to a fast home buying company like Minnesota Home Guys. You won’t have to pay an agent commission when you sell your home to us.

Do you need to sell your Edina home? Minnesota Home Guys is the buyer for you! Click here to get started today!

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