Offering a home with a traditional real estate agent isn't so cut-and-dried: Added expenses include a typical 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 home is on the market, they're stuck paying the mortgage and other expenses.
For most homeowners, this route is the very best method to bring leading dollar for their house particularly in today's property market. Put simply, there are fewer houses on the marketplace right now, so competition is high and numerous sellers are generating offers. For the most part, opting for a lower cost from a financier just does not make sense.
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