How to Tell If You Have to Pay a Commission When Selling Your Home
There are often a surprising number of costs associated with selling a home. Everyone likes to talk about how much money they could get from selling their home. It’s not as fun to talk about the costs. Commissions are just one of those costs. Unlike some, however, there are times when you may not have to pay a commission when selling your home. So how can you tell if you have to pay a commission?
When a Real Estate Agent Is Involved
Commissions are how real estate agents get paid for the work they do to help buyers and sellers. If there’s a real estate agent involved in the transaction, someone, usually the seller, is going to have to fork over the money to pay the commission. It’s what makes sense since the seller is the one who walks away with the most money in their pockets. Commissions usually fall somewhere in the range of 3%-6% of the sale price of the home.
When an Agent Isn't Involved
If there isn’t an agent involved, there isn’t anyone to pay commissions to. If neither the seller nor buyer uses the services of a real estate agent, no one will have to pay a penny in commissions. That’s a lot of money saved. Is it realistic though? After all, most buyers and sellers rely heavily on the knowledge, expertise, and negotiating skills of real estate agents to navigate real estate transactions.
The Best Way to Sell without an Agent
Sellers who want to sell without involving real estate agents on either side do have an option: Billings Home Buyers. We’re real estate professionals who know the ins and outs of real estate transactions. This has allowed us to develop our simple, straightforward, streamlined process that doesn’t require any agents. You may find selling your home to us is so effortless compared to traditional selling that you’ll wonder why you ever needed an agent in the first place.
Commissions cost sellers thousands of dollars. If the home is sold at a high enough price, commissions may even cost tens of thousands of dollars. That’s a lot of money that you don’t get to keep for yourself since sellers are often responsible for covering the cost of commissions. You don’t have to pay it though, not when you sell your home to Billings Home Buyers.
Do you need to sell your Billings, Montana home? Billings Home Buyers is the buyer for you! Click here to learn how and get started today!
