Selling a home with a traditional realty representative isn't so cut-and-dried: Added expenses include an average commission of about 6%, and depending on the state, closing expenses that can run from 2% to 5% of the purchase price. Sellers have to pay for repair work, too, and while the home is on the marketplace, they're stuck paying the home loan and other expenditures.
For many property owners, this path is the very best method to fetch top dollar for their home particularly in today's property market. Put simply, there are less houses on the market right now, so competition is high and lots of sellers are generating offers. Most of the times, going for a lower price from a financier simply doesn't make sense.
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