Realtor Fees and Direct Sales: Compare Net Proceeds

September 30, 2024

Website publisher: Burnett Home Buyers

A direct cash sale lets you sell your house as-is without repairs, cleaning or repeated showings. Tell us about your property and preferred closing date to get started.

Use the commission in your actual agreement

There is no universal commission percentage to subtract from every sale. Real estate compensation is negotiable and is not set by law. Discuss the services, amount and payment terms with the agent before signing. The National Association of Realtors explains this in its consumer guide to negotiating agreements.

If you are already represented, review that agreement before pursuing a direct sale. Ask your agent or attorney which obligations may continue. A buyer's statement that a sale has no commission does not cancel an existing representation agreement.

Compare routes using the same property assumptions

Ask a local agent about a realistic listing range in the home's current condition and, separately, after any proposed repairs. Compare that with written cash offers. Use estimates for your property rather than a generic online percentage or an unverified seller success story.

For each route, list the expected price, preparation or repair work, marketing costs, negotiated compensation, seller-paid closing costs and expected holding expenses. Identify which figures are firm and which are estimates. Ask how a price change, repair request or longer marketing period would affect the result.

Separate sale costs from property obligations

Mortgage payoffs, liens, taxes, prorations and other agreed amounts may reduce your closing proceeds. These are different from the cost of hiring an agent. Have the closing professional explain the figures in an itemized estimate and final closing statement. Do not equate the headline offer with cash available for your next move.

Read a direct offer beyond the price

When you sell to Burnett Home Buyers, there are no fees or commissions, and we pay the closing costs. Review earnest money, inspections, cancellation rights, possession and the proposed closing date.

Ask who will close as the buyer, what could change the offer and what happens if the transaction does not close. A direct sale does not guarantee a particular price, timeline or net result. Compare written terms from more than one option when practical.

Choose around your priorities

A direct cash sale lets you sell your house as-is without repairs, cleaning or repeated showings. Tell us about your property and preferred closing date to get started.

Our selling-cost comparison and offer process can help structure the conversation. To discuss your Greater Cincinnati or Northern Kentucky property, Get Started or call (513) 438-8169. Requesting an offer does not obligate you to sell.

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