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What Are The Different Fees Paid To Agents Versus Paid To Investors?

The Different Fees Paid To Agents Versus Paid To Investors

What Are The Different Fees Paid To Agents Versus Paid To Investors?

You want to sell your house and you’re looking forward to putting some money in your pocket. But did you realize that selling your house may mean you have to PAY money? In this blog post, we break down what are the different fees paid to agents versus paid to investors…

It’s true… selling your house can sometimes mean that you have to pay. (This isn’t always the case but it often is.) We want to you to know about the different fees you have to pay because this information may help you decide whether to work with an agent or to sell your house directly to an investor.

What Are The Different Fees Paid To Agents Versus Paid To Investors? — Agent Fees

An agent is a salesperson and they will try to find a buyer to buy your house. In order to do this, they will list your house in a listing service and use various marketing efforts to try and find a buyer.

So you’ll end up having to pay some fees to the agent. Those fees usually include a commission if they can sell the house (this is the highest amount of money you’ll have to pay and it’s often about 6% of the sale price of the house, or about $6,000 for a $100,000). There may be other fees you have to pay as well, and these might include different advertising fees or other costs associated with selling your house. There might be a fee to list your house, or there might be a fee to the agent’s brokerage or there might be a fee to get a sign in front of your house or there might be a fee for the title company… the list goes on and on. You can ask the agent about these and they should tell you.

What Are The Different Fees Paid To Agents Versus Paid To Investors? — Investor Fees

This is the part that surprises most house-sellers: for most investors, there are rarely any fees to cover. Investors will usually take care of all fees associated with selling. Plus there’s no commission to pay because they’re not agents so they’re not listing your house. You might be responsible for closing costs but this depends on the investor so make sure you ask the investor who pays for those costs.

The One “Fee” You May Not Be Thinking Of

There’s one more cost (“fee”) that you might not be thinking of: when you work with an agent, they’ll get you to fix up your house and then you’ll have to pay bills and taxes for as long as it takes the agent to find a buyer. So although this isn’t a fee to the agent, it’s a cost you’ll have to pay because of the agent… yet when you sell the house to an investor, they buy quickly so you end up saving this cost as well.

So what’s right for you? It depends on how much you’re willing to pay and how quickly you need to sell. The different fees paid to agents versus paid to investors.

If you want to go over this in more detail or confirm that we won’t charge you any fees if you sell your house to us then please get in touch and we’ll be happy to walk you through it.

We’re happy to give you more information about our buying process and to share with you exactly how it all works. Click here and enter your information or pick up the phone and call us at (502) 631-9392.

 

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Why Won’t My House Sell in Louisville?

Why Won't My House Sell in Louisville?

Why Won’t My House Sell in Louisville?

You’re trying to sell a Louisville Kentucky house that just won’t sell?

And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices.

So where’s your contract? Why Won’t My House Sell in Louisville?

These tips could be just what you need to help you sell your Louisville home.

Why won’t my house sell in Louisville? – 6 Tips To Cure It

 

1) Get good help.

Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing.

But they don’t. They’re getting hit hard with the nuances of financing, deal structure, and evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice. If you want great results, partner with the pros.

2) Don’t make too many improvements.

Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is paying. Plus, most buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”.

3) Do make necessary improvements.

Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed.

Don’t leave gaps in the trim or plates off of the switches. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase.

4) Style and design matters.

Curb appeal is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a cohesive impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help tastefully stage the property.

5) Pricing matters a lot.

If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. If your best efforts to advertise your property aren’t making the phone ring, you’re probably overpriced.

6) Every property will sell – sometime.

There’s no magic formula – but there’s no substitute for experience.

Why Won’t My House Sell in Louisville?

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If you need to sell a house near Louisville, we can help you. We buy Louisville Kentucky houses.

We buy properties like yours from people who need to sell fast.

 

Give us a call anytime (502) 631-9392 or fill out the form here today!

 

Photo by Bart Everson

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The State of the Market for Buyers in Louisville Kentucky

The State of the Market for Buyers in Louisville Kentucky

The State of the Market for Buyers in Louisville Kentucky

 

Is it still a buyer’s market today in Louisville?

As experts in the Louisville real estate market, we get asked this question a lot.

The answer isn’t as simple as yes or no.

First off, it really depends on the property type and location.

Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.

 

The State of the Market for Buyers in Louisville

Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.

But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Louisville, but seem to be rebounding as the rental market increases.

Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Kentucky market in unique ways.

Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.

Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.

The State of the Market for Buyers in Louisville Kentucky

Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.

Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.

Sound confusing? It is. But We Can Help.

There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.

We’re investing in Louisville because we believe in the community and the people here.

If you need to sell a property near Louisville, we can help you.

We buy properties like yours from people who need to sell fast. The State of the Market for Buyers in Louisville.

Give us a call anytime (502) 631-9392 or fill out the form 
over here today if you’re looking to sell a Louisville house fast!

 

Photo by MiCasa Realty

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Selling Your Home During a Divorce in Louisville

Selling Your Home During a Divorce in Louisville

Selling Your Home During a Divorce in Louisville

If you’re wondering about the ins and outs of selling your home during a divorce in Louisville Kentucky… we’ll dive into the steps and things to look out for in this article.

With over 50% of American marriages ending in divorce, many Louisville Kentucky residents are looking or advice for selling a home during a divorce.

A home is one of the most valuable joint assets, and obviously cannot be divided without first liquidating. While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational. There are several factors to consider when facing a divorce in a real estate market that has yet to rebound from the housing bubble burst. Selling Your Home During a Divorce in Louisville.

Determine if (and when) You Will Be Selling Your Home During Your Divorce in Louisville

In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share.

In many cases, agreements are made where one spouse uses the house for a set period of time (this is usually used when there are children in the home), and then sold at a certain date (usually when the children reach a certain age).

Get Professional Help – Agents and Home Buyers / Investors

Selling a home is a difficult process when everything is going right.

During a divorce, you have a lot going on, and a lot to consider. You shouldn’t take on the task of selling you home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional… either a reputable agent or real estate investment firm, you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.

If you need to sell your Louisville house fast… reputable local real estate investment firms like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 may be a great option.  Firms like ours actually BUY HOUSES (rather than listing them like agents do)… and we pay cash and can close quickly if you need to sell this house fast.

If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet.

But if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Louisville… chat with us to see what we can offer you for your house during your divorce. Selling Your Home During a Divorce in Louisville.

Set (and stick to) a Timeline

It’s important, when selling your Louisville house during a divorce to keep a timeline.

You should put your home for sale in advance. Set firm closing dates, moving dates and times, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.

This helps ensure a smooth, surprise free home sale.

Selling Your House Fast For A Fair All-Cash Price

Selling your Home during a Divorce in LouisvilleOne option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392.

Selling Your Home During a Divorce in Louisville.

Reputable local real estate investors like us, purchase houses quickly and without stress, and the process can often take as little as seven days.

Deciding how to sell a marital home in Louisville doesn’t have to be as stressful as the divorce itself.

By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392, and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.

If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast…

Selling Your Home During a Divorce in Louisville

Give us a call anytime at (502) 631-9392 or
fill out the form on this website today! >>

We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and lets chat.

 

Photo by Family Attorney Sacramento

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What Do I Need to Do to Sell my House in Louisville KY?

Sell My House In Louisville KY

Sell My House In Louisville KY

You want to sell your Louisville KY house, and you want to get top dollar. Sell My House In Louisville KY.

Excellent!

But “What do I need to do to sell my house in Louisville KY”?

Here are some tips on how to get your home ready to sell if you’re looking for top dollar that the market will bear:

*NOTE: These instructions are if you’re looking to get full retail value for your house sale.  However, if you don’t want to do the things below… or don’t have the time or money to do the things below… you can still sell your Louisville house fast for a fair value in a win-win sale that’ll save you time and expense. Sell My House In Louisville KY.

1) Clean, clean and clean. Even vacant houses get dusty and dirty, so keep it up! Nothing short of gleaming perfection will impress buyers. If you’re not a total clean freak, hire someone who is to help you out until you sell. Sell My House In Louisville KY.

If you’re a slob, consider finding somewhere else to live while you show your house. Maybe you can bribe your cleanest friend to trade houses with you? Seriously, keeping everything immaculate really helps buyers feel comfortable in your space. Nothing stops people faster from buying faster than feeling grossed out.

2) Cultivate a cohesive, neutral style. You don’t have to paint everything off-white. In fact, some subtle colors can really help change the perception of spaces – for example, a soft yellow will help brighten up a dark kitchen, while a deep dark blue or green will help a bright bedroom to feel like a calm place to sleep (but be careful, dark colors will also make rooms feel small).

Spend the money to get high-quality paint and professional help. Subconsciously people will pay more money for a property with just the right colors and very neat lines – it makes the home feel better built, even though it’s just paint.

Optical illusions are real, and psychologists study this stuff. Don’t believe me?

Look it up. And don’t neglect the outside and just do the inside, or anything else that’s unbalanced.

Sell My House In Louisville KY.

3) Fix or replace anything that’s broken. Yeah, it might feel like a waste of money to spend an extra couple hundred bucks on a dishwasher that someone else might just pull out and replace again. But really, quite a few buyers will get a home inspection and use the opportunity to negotiate with you. As the seller, you’ll often end up paying more if you try to hide neglected maintenance from the purchaser – and of course you don’t want to be guilty of fraud.

Make sure you stay in compliance with all the laws.

It’s often a good use of money to hire a home inspector to come through before you put the property on the market. If you ask in advance, they’ll often charge you a tiny rate to come back after you’ve done a bunch of minor repairs and deliver you a clean bill of health. Prospective buyers love to see an independent report on the condition of the house – it makes them feel very comfortable with the purchase. Sell My House In Louisville KY.

4) Make only necessary improvements. The biggest mistake people make when getting their house ready to sell is over-improving. They often spend too much money on customized frills that can’t be recovered in the sale.

Paint is about the only safe investment – it’s easy to overspend on almost everything else, and it’s easy to get ripped off by unscrupulous contractors.

It’s important to know what improvements will produce a return on investment to avoid wasting money.

5) Get expert opinions. You should definitely find at least a few decent real estate brokers who will help you price your property, but be honest with them. If you’re going to market the property on your own, don’t make enemies by lying about your intentions. Great brokers are rare, but they make more money for their clients than they earn.

6) Have a really great marketing plan. Again, great brokers earn their value by doing this work and spreading the advertising expenses across many clients. It’s pretty expensive and time-consuming to start from scratch on your own, but if you’re already a marketing expert you’re ahead of the pack.

If you’re not, spend the time listening to what the best brokers do to sell houses in Louisville – just to educate yourself on the options.

7) Get a cash offer. We buy houses all over the Louisville area, and we do all the work so you don’t have to deal with any of this stuff. Sell My House In Louisville KY.
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Don’t Want To Do The Things Above Yourself? But Still Want To Sell Your Louisville KY House Fast?

While everyone wants to get as much as they possibly can from their house sale… not everyone can do the things or wants to do the things required to sell it at full retail value to an end buyer. Sell My House In Louisville KY.

Sell My House In Louisville KYDoing the repairs, cleaning the property up, upgrading the property, marketing the property… those all take money and can take lots of time.

If you have the funds to do these things…AND you can wait the 3-9 months it takes to sell houses in this market… then you’ll be better off financially to do those things then list it on the MLS (the main property listing service that real estate agents use).

If you don’t have the funds to do these things…AND can’t wait months to sell your house… then you may be a perfect fit for our local Louisville house buying service. You’ll submit basic info about your house over here on our website, we’ll evaluate your house, we’ll make you a fair all-cash offer on your house, and you can decide if it’s a fit for you.

Then we can close FAST (often times within 7 days) if you need us to. Sell My House In Louisville KY.

Take a look at what we’ll pay you not to do anything versus the time, expense and hassle involved with doing it on your own.

So if you’re still asking “what do I need to do to sell my house in Louisville“… now you have 2 solid options.

Either…

  1. Fix the property up and get it all nice and ready with the steps above to sell it at top dollar
  2. Let us do all of the work and we’ll make you a cash offer on your house in AS-IS condition. This saves you time, money, and gets the hassle off of your hands.

If you need to sell a property near Louisville, we can help you.

We buy properties like yours from people who need to sell fast. Sell My House In Louisville KY. We Buy Houses Louisville.

We’d like to make you a fair offer on your Louisville house

Give us a call anytime at (502) 631-9392 or
fill out the form on this website today! >>

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Selling My House Fast in Louisville

Selling My House Fast in Louisville

Selling My House Fast in Louisville – What Are Your Options

You need to sell your Louisville house fast right?  If you’re saying… “I’m having the toughest time selling my house fast in Louisville“… you’re at the right place 🙂

These tips will help you get your property sold.

[NOTE: Most important – if you really need to sell fast, consider the option of selling for cash offer to a qualified local investor like Fast Cash House Buyers, LLC

Selling My House Fast in Louisville – Your Options

Lately the financing world has been really screwy. Lenders change program requirements at the last minute – and for normal purchasers, that could delay your sale. Sell My House Fast in Louisville

Keep in mind that anyone can write a cash offer, even if they’re borrowing money to purchase the property.  So when you’re selling a house through a real estate agent to an end buyer… be prepared that if the buyers financing falls through… you’ll have to start the sale process all over again… adding more months to the process, more holding costs you have to pay for, and more. We Buy Houses. We Buy Houses Fast.

To avoid having the buyer pull out at the last second because of financing… one option is to sell your house to a local investment firm like us. We Buy Houses Fast In Louisville.

Often, qualified investors have access to multiple lines of credit with public and private lenders that is secured by other assets. We Buy Houses Cash.

That means we can close quickly and we don’t have to wait for a bank loan to come through. You get your sale done and cash in hand quickly. 

You’ll have to do some due diligence to make sure you’re dealing with a qualified local investor. Qualified investors will have no problem providing you access to bankers and references who can verify the investor’s ability to close on the loan.

If you’ve taken a cash offer with an earnest money deposit, you might be entitled to keep the deposit if the buyer can’t close on the purchase. Selling My House Fast in Louisville. Buy My House Now.

Selling My House Fast in LouisvilleBut how do you get cash offers fast?

You can get a fair cash offer from us actually today.  We’re buying properties in the Louisville Kentucky area, which we’re local to… and we buy Louisville houses … then we either hold them as rentals for ourselves… or we’ll repair / remodel the house if it needs it and sell it to someone who loves the house.

If your local Louisville property qualifies, we can buy your house fast.

Just fill out the form or pick up the phone and call us anytime at (502) 631-9392

 

Photo by Mark Moz

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