If you try to sell your home the traditional way with a real estate agent, it’s going to cost you a lot of money, money that you don’t have. After walking through your home, your agent is going to provide you with a list of repairs and upgrades for you to make before even putting the home on the market. Depending on the condition of your home, these repairs could cost a few hundred or a few thousand dollars. Your agent will argue that these repairs will help you get a higher selling price, but it isn’t always enough to cover the cost of the repairs.
Once your agent sells your home, you’ll pay them a commission. This can be anywhere from three to six percent of the selling price of the home. If you sell your home for $100,000, you may end up paying the real estate agent a commission of $6,000 or more. This is money that you desperately need to meet your bills.
Also, we will pay closing costs, which can run into thousands of dollars, so this can save you a lot of money.