Offering a house with a conventional real estate representative isn't so cut-and-dried: Included costs include a typical commission of about 6%, and depending on the state, closing expenses that can range from 2% to 5% of the purchase cost. Sellers have to spend for repair work, too, and while the home is on the marketplace, they're stuck paying the home mortgage and other expenses.
For the majority of house owners, this path is the best method to fetch leading dollar for their home particularly in today's realty market. Simply put, there are fewer houses on the market today, so competition is high and lots of sellers are generating deals. In many cases, choosing a lower price from a financier just does not make sense.
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