The typical real estate commission is 6% and the house may sit on the market of who knows how long. Now, it may take 30 days or more to sell the house. In addition, the typical escrow period is a minimum of 30 days, and very often 60 days or more. During this time you will need to continue to pay your mortgage payment, as well as your property taxes, insurance premiums, homeowners association fees, utilities, housecleaning, landscaping, etc., while the real estate agent is waiting for a qualified and willing buyer to come along. So, for a minimum of 60 to 90 days, you could be paying an additional 2% in holding costs, or $10,000, further reducing your potential profit.
Oh, and let's not forget those repairs and home improvements that the listing real estate agent will suggest that you make in order to get the house in "show" condition for all of those weekend open houses and nightly showings to prospective buyers. Even for minimal repairs like paint and carpet, the costs can easily run another 2%, or another $10,000. Repairs can easily run much more than this if the property needs more significant work like electrical, plumbing, roof repairs, foundation repairs, etc.
There are also some closing costs that your real estate agent will explain is "customary" for the seller to pay in selling the house. These closing costs consist of things like title insurance, escrow fees, transfer taxes, wood destroying pest inspections, etc. These can easily amount to another 2% of the property value, thus further reducing your equity.
Further, and more importantly, we can offer you the peace of mind of having everything taken care of in a quick and professional manner, resulting in a win-win situation for both of us!
Please take a moment and fill out our sellers form in order to have us consider your house for one of our innovative purchase programs. There is no obligation and no application fee! One of our knowledgeable purchase agents will contact you promptly with more information and an offer.
Also, remember that we have available FREE REPORTS that give a wealth of additional real estate information that can help you make more informed decisions about buying and selling!
If you prefer to contact us by telephone, we have FREE 24-hour recorded information available toll-free at (281) 247-4006.
We look forward to assisting you in a quick and easy real estate transaction!