Do Home Buying Companies Get a Commission When They Buy Your Home?

Selling your home is one way to dig yourself out of financial trouble, but the process can also cost quite a bit as well. Between the various fees and commissions, you can end up spending thousands of dollars to sell your home. Read on to discover a way around these fees.

What Commissions Pay For

When you sell your home traditionally, commissions play an important role in the process. Typically, the largest commission you need to consider when selling your home is your real estate agent’s commission. This is a payment that they will receive from the sale of your home, paying them for their services in helping you make the sale. Traditional sales can be complicated and confusing, and it’s incredibly helpful to have a professional with you to navigate through it all. In this way, a commission is a worthy compensation for your real estate agent’s hard work. However, many homeowners find this commission difficult to pay for. Your real estate agent’s commission is usually about 6% of the final sale price of your home. If you’re counting on every penny of that to help you pay off your mortgage, paying this commission could be difficult.

No Fees or Commissions

If you find yourself in the situation of not wanting to pay thousands of dollars for a real estate agent, selling your home to a home buying company could be the perfect solution. These companies will give you a fast cash offer on your home, without requiring any sort of compensation in return. This may sound too good to be true, but home buying companies are incredibly reliable real estate investment companies. They purchase homes like yours as investment opportunities, and they realize the potential profit that your home will provide. In completing a sale with a home buying company, you will never have to pay any fee or commission of any kind. Any money you are offered will go directly into your pocket.

Other Benefits of Selling for Cash

Selling your home to a home buying company can be beneficial in many ways, besides just the money you can save. First, many homeowners choose to sell their homes for cash because the process is so fast. When you sell your home through traditional means, there’s no guaranteed timeline, and it can take months or even years to find a viable offer. However, home buying companies have streamlined the process to make it take days instead of weeks. 

Selling your home to a home buying company can help you save time and money, as well as keep the selling process stress-free. These companies will never take any sort of payment from you while they’re purchasing your home. If you live in the Memphis area, Volunteer Buyers can help you get started on selling your home today!

Don’t spend thousands of dollars on a house you’re about to leave. Instead, save that money by selling your Memphis home to Volunteer Buyers. Click here to get started!

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