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Offering a home with a traditional genuine estate agent isn't so cut-and-dried: Added costs include an average commission of about 6%, and depending upon the state, closing expenses that can run from 2% to 5% of the purchase price. Sellers need to pay for repairs, too, and while the house is on the marketplace, they're stuck paying the mortgage and other expenditures.
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For the majority of house owners, this route is the best way to bring top dollar for their house specifically in today's property market. Put simply, there are fewer homes on the market today, so competitors is high and many sellers are raking in deals. In cash home buyers , opting for a lower rate from an investor just doesn't make sense.
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