What are the Different Fees Paid to Agents Versus Paid to Investors?

You want to sell your condo and you’re looking forward to putting some money in your pocket. But did you realize that selling your condo often requires you 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 condo can sometimes mean that you have to pay. 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 condo 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 condo. In order to do this, they will list your condo in a listing service and use various marketing efforts to try and find a buyer.

You’ll end up having to pay some fees to the agent. Those fees usually include a commission when they sell the condo (this is the highest amount of money you’ll have to pay and it’s often about 6% of the sale price of the condo, think $6,000 for a $100,000). There may be other fees you have to pay as well – these might include different advertising fees or other costs associated with selling your condo. There might be a fee to list your condo, 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 condo 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 sellers: for most investors, there are rarely any fees to cover. Investors will usually take care of all fees associated with selling. There’s no commission to pay because they’re not agents so they’re not listing your condo. Some investors ask you to pay closing costs, but many (like us) pay the closing costs for you.

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 condo and then you’ll have to pay bills and taxes for as long as it takes the agent to find a buyer. Although this isn’t a fee to the agent, it’s a cost that comes along with working with an agent… when you buy with an investor, they buy with cash and close quickly, so there are almost no holding costs.

So what’s right for you? It depends on how much you’re willing to pay and how quickly you need to sell.

If you want to go over this in more detail or confirm that we won’t charge you any fees if you sell your condo 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 (714) 576-6282.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!