When selling a home, you might only be considering the money you will make on the sale. However, you are also responsible for a few expenses. If you want to save money, you should opt for a cash sale.
What Do You Pay in a Cash Sale?
By ironcladgroup
Costs of a Traditional Sale
Traditional sales are going to be more expensive than a cash sale. In a traditional sale, real estate agents help both the buyer and the seller to navigate the process. During closing, the seller is responsible for paying the commissions of both real estate agents. There are several closing costs that will need to be paid. Additionally, in a traditional sale, you may need to make repairs or renovations beforehand in order to attract more buyers. These repairs can be very expensive to complete and typically go over budget. It is a major expense not everyone is prepared for.
No Realtor Commissions
In a cash sale, almost everything is figured out between the buyer and the seller. There’s no need to hire a real estate agent in these circumstances. This means you won’t be responsible for paying any real estate agent commissions. Normally, these commissions come out to be about 6% of the sale price. Not all sellers are prepared to pay these commissions. A cash sale will help you save a significant amount of money.
Covering Closing Costs
In any home sale, there are several closing costs. These include taxes that will depend on your state and local laws. You also need to pay several fees tied to the sale. These include fees paid to the title and escrow companies, fees paid to any attorneys involved, filing fees, title transfer fees, and more. Both you and the buyer will have a few costs to cover. However, you can save yourself even more money if you sell to a home buying company. Many home buying companies will pay your closing costs so you can walk away from the sale without worrying about any expenses.
If you’re selling your home, you don’t want to be overwhelmed by additional expenses. A cash sale can help you save a great deal of money. Selling to a home buying company can only help you save more.
Simple Cash Offers wants to offer you a cheaper and easier sale. Click here to learn more about the cash home sale process and receive a no-obligation cash offer in just 24 hours.
Planned Payments
Under chapter 13, if you sell your house during bankruptcy in Indianapolis, you will need to modify your planned payments. Depending on the realized sale value, you may pay your plan off earlier as the proceeds go directly towards the bankruptcy.
Itemized Payoff Statement
To ensure no fees remain to surprise you after you sell your house during bankruptcy in Indianapolis, you should request an itemized payoff statement.
Simple Cash Offers
Don’t hesitate! With competition still driven by low supply and rising interest rates on the horizon, now is the time to cash in on your house, and the best way to sell your house during bankruptcy in Indianapolis is to sell directly to the cash investors at Simple Cash Offers. Our policy at Simple Cash Offers is full transparency through every step of the process because we want you to decide which sales method works best for your situation. To that end, a cash investor from Simple Cash Offers will detail your expenditures and potential profits from a conventional listing with an agent, vs. our offer, which you’ll agree is fair. At Simple Cash Offers, we do this because we are your neighbors here in Indianapolis, we care about our community and the people in it, and we want you to feel good about working with us long after the deal is closed.
The seasoned pros at Simple Cash Offers have experience with sellers going through bankruptcy and have the solution you seek, providing you with a guaranteed closing date, charging no commissions or closing costs with no unpleasant surprises. If you’d like to avoid the work and out-of-pocket costs of prepping your house to list on the Indianapolis real estate market, a direct sale to the cash investors at Simple Cash Offers is the solution. The cash investors at Simple Cash Offers never charge commissions, and there are no hidden fees. So you can put your wallet away and relax; you won’t even need to worry about showings when you make a direct sale to a cash investor from Simple Cash Offers. For a no-hassle sale of your home during bankruptcy: a cash investor from Simple Cash Offers will buy your house directly, as-is, for cash. Call Simple Cash Offers at (317) 245-4345.
Are you thinking about selling your house?
If you’re thinking of selling and are exploring your options, consider selling directly to us. If you don’t want to go through the hassle and headache of selling to the market then we might be able to help.