Selling a house with a standard real estate representative isn't so cut-and-dried: Added costs include an average commission of about 6%, and depending on the state, closing costs that can range from 2% to 5% of the purchase cost. Sellers need to spend for repairs, too, and while the house is on the marketplace, they're stuck paying the mortgage and other costs.
For a lot of homeowners, this path is the best method to bring top dollar for their home specifically in today's realty market. Just put, there are less homes on the market today, so competition is high and lots of sellers are raking in deals. Most of the times, going for a lower rate from a financier simply does not make good sense.
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