Selling your home through a Baltimore real estate agent may appear straightforward, but some homeowners overlook the associated financial responsibilities, time commitments, and laborious tasks. This article will contrast the costs of selling through an agent with those of engaging directly with professional buyers in the market. Our team can help you find the best way to sell your house in Baltimore easily. Just provide us with your property’s address, and we’ll offer you a customized solution that suits your needs.
Hiring An Agent In Baltimore
Commissions
When you hire a real estate agent in Baltimore to sell your property, remember that you’ll need to pay commission fees after the sale. These fees can be a substantial portion of your profits since they typically amount to around 6% of the final sale price. If you sell your house for $150,000, remember that you’ll need to pay your real estate agent $9,000 right away. Also, there are other costs and fees to consider.
Closing Costs
When you sell your home in Baltimore through a real estate agent, closing costs will likely include transfer taxes, recording fees, and other charges. These costs typically amount to 2% of the total sale price. For example, if your property sells for $150,000, you can expect to pay an additional $3,000 in closing costs. However, if you work with Property Pro Solutions, we cover all closing expenses for our clients, so you don’t have to deal with any unexpected fees during the already stressful selling process.
Repairs
If you neglect to assess and repair damages in your property, you may end up with a hefty bill for costly repairs. Sometimes, additional issues can arise during the inspection process, even after fixing pre-inspection damages. Therefore, it is common for home buyers to request further repairs or credits/discounts when unforeseen problems arise. To avoid financial difficulties, ensure that you factor in any potential repair costs before putting your house on the market.
Holding Costs
Many homeowners fail to realize the significant expenses that come with owning a property beyond just the mortgage payment. This includes utility bills, homeowner’s insurance premiums, and property taxes, all of which can accumulate rapidly over time. If your home is older and not energy-efficient, these bills can become quite steep. Selling a property through a typical listing requires you to pay for maintenance fees, repair costs, and other expenses to keep the property attractive to potential buyers. Moreover, if the property takes a long time to sell, the holding charges can accumulate and become costly. By selling your property directly to Property Pro Solutions, you can avoid these issues as we can close the sale quickly within days, freeing you from any further responsibilities or liabilities.
Marketing Expenses
Selling a house through traditional methods involves significant marketing costs, which may include premium listings, professional signage, and photography to highlight the property’s best features. It’s important to note that not all real estate agents cover these expenses, and the amount paid may vary depending on the agent you hire.If you want to sell your property quickly in Baltimore, it’s important to conduct thorough research and have discussions beforehand to prevent any unexpected fees from affecting the process later on.
Selling Your House Directly
When you sell your house to Property Pro Solutions, you won’t have to pay any fees or expenses. You won’t need to make any repairs or clean up the property. We will only need to view the property and then you can sell it to us. We don’t charge any commissions, agent fees, or marketing costs, so selling your house in Baltimore can be quick and free of cost. Consider selling your house in Baltimore directly to free yourself from unnecessary steps and hidden costs. Direct sales ensure that you receive the agreed-upon dollar amount without any hidden investments or transaction costs. Knowing all associated fees upfront is crucial when making an informed decision about a potential sale. If you’re a Baltimore homeowner who has been surprised by hidden costs while working with an agent, we can assist you. Before you sign the listing agreement, look into the services we offer. We can provide a direct sale option that may suit your requirements. You can discover if this option works for you by obtaining a no-obligation fair cash offer from us.