Selling a house in St. Louis with the help of a real estate agent can involve unexpected expenses, commitments, and demanding tasks that can be exhausting. The usual process can be challenging. We have provided some numbers to help you compare the costs of selling your house with a traditional agent versus selling it directly to an experienced buyer in St. Louis. Our team can assist you in entering your property details and help you determine the best option for you.
Hiring An Agent In St. Louis
Commissions
If you decide to enlist the services of a St. Louis real estate agent to sell your home, you will have to pay a commission fee once the sale is completed. The commissions, which usually amount to about 6% of the final sale price, can significantly harm the seller’s finances. For example, if you were to sell your house for $150,000, you would need to pay your agent $9,000 before any other expenses or fees.
Closing Costs
When selling your St. Louis home, there are costs you’ll need to cover such as transfer taxes, recording fees, and other minor expenses. In addition, if you work with a real estate agent, you should expect to pay up to 2% of the final sale price in closing costs. For example, selling your home for $150,000 could result in additional fees of $3,000. But if you choose Fast Lane Real Estate as your direct buyer, we’ll cover all closing costs so you won’t have to worry about any extra expenses!
Repairs
Your property’s current condition may require costly repairs, which might exceed your expectations. To avoid this, you may opt to perform repairs before listing it for sale. However, unexpected repair issues may still arise during inspection, leading to higher repair costs than anticipated. Repairs, such as fixing termite damage, foundation problems, or flooding issues, can be quite expensive. After a home inspector assesses the property, potential buyers may ask that necessary repairs be made or request a discount on the asking price. Either way, these additional costs can accumulate rapidly and become quite costly.
Holding Costs
Owning a home can be more expensive than expected. This is because you need to pay for property taxes, insurance premiums, and utility bills, which can accumulate over time, especially if your house is not energy-efficient and an older model. As a result, the expenses can significantly increase the overall cost of owning the property. Along with the regular house maintenance costs, you may also have to bear the ongoing expenses if your property remains on the MLS for an extended period. If your home is taking longer to sell than expected, there may be factors that your realtor is not aware of. However, Fast Lane Real Estate can help you sell your home quickly and without stress. We can complete the sale in just a few days, freeing up your funds and ensuring a smooth process.
Marketing Expenses
If you plan to sell your house through traditional methods, you should anticipate paying a significant sum for marketing expenses. These may include premium listings, professional photography, and signs to showcase your property in the best possible manner. It’s important to note that not all agents cover these costs, and they can vary greatly from one agent to another. Therefore, if you want to sell your St. Louis home quickly, you may end up spending more than you anticipated.
Selling Your House Directly
Alternatively, if you sell your house directly to Fast Lane Real Estate, it won’t entail any expenses. Our team provides a free and easy process to sell your house, regardless of how you choose to buy or sell. We even have an article that explains what to do before you sell your house for cash! You won’t have to worry about making repairs, cleaning up, or waiting for interested buyers. We take care of the entire process for you, without any commissions, agent fees, or marketing costs. With us, you’ll be able to sell your house quickly and freely in St. Louis. Selling your house directly will also give you the maximum financial advantage by avoiding any hidden fees or additional charges. To sell a property in St. Louis, it’s important to know all the costs and fees that may arise when working with a real estate agent. This will help you understand what you’ll get from the sale and give you more control over the expenses incurred in the process. Some sellers prefer to sell directly to keep all the profits without compromising anything else. Before signing any listing agreement, consider letting our team help you by selling your house directly in the St. Louis area. To determine if this approach is suitable for you, simply request a no-obligation offer from us and evaluate how it meets your requirements.