One of the common questions that you may ask before you put your home on the market is “what is the cost of selling my house?”  Rather than get a return for the investment made in real estate, most are wondering what extra fees and hidden costs will creep up when putting their home on the market.  An alternative to consider is to look at the different methods of selling a home.  Comparing the costs of a sale from a real estate agency and a company that can sell your home fast can then provide you with a higher return when you sell your house. 

Costs of a Real Estate Agency

The first payment that will be made when working with a real estate agent is the commission that they receive for selling your home.  Typically, this is provided through a listing agreement that is on the home, which has a specific percentage that the agent receives in return for the sale.  This is combined with the real estate broker who is in charge of the paper work that will move you into a home.  Brokers also receive a commission from the sale, with an average of 30 – 40 % of this price given to the real estate agent as their commission.

Not only are there fees for the real estate broker and agent, but are also extra fees for others involved in the process of selling your home.  For instance, a loan processor will usually receive a commission for processing the paper work and providing the bank with a general statement on lending and ownership.  There will also be costs for inspectors who will need to make sure that there is nothing wrong with the home and which are designated to value the price of your property.  These will be added into your fees when you move into buying the home you desire. 

Costs of a Real Estate Company

If you don’t want to pay these fees, then another alternative is to work with a third party company.  Usually, these individuals will advertise for you and will provide you with a short sale or straight sale to your home.  After the company buys your property, then they will have the ability to re-sell the home.  Typically, the fees for these companies include the basic inspection and general costs for advertising.  Rather than paying for the shows and commissions of those who are interested in your home, you will be able to pay a basic fee for the quick sale of your property.