Closing Costs Associated with Selling Your House
What does it cost to sell your home? Many homeowners are surprised by all the expenses associated with selling their house; taxes, fees, repairs, commissions, and unexpected closing costs can quickly rob you of eight percent or more of your home’s sale price. If you are selling your home in Orlando, FL you can expect to pay a mortgage payoff balance, taxes and recording fees, intangible tax on mortgage, survey fee, lender’s title policy and endorsement, lender origination fees, appraisal fees, and a pest inspection/WDO inspection. Other costs may include lien releases, prepayment penalties, commissions to listing agents and selling agents, notary fees, escrow fees, repairs, and warranties. Who knew that selling your home could be so complicated and expensive? You will be responsible for paying several different people for several different services, which eats up a lot of crucial time and energy. You may feel deluged by a sea of expenses as you picture the net profit you walk away with quickly dwindling. You don’t have the time and money to invest in the home you are trying to take off your hands. The housing market is constantly fluctuating, and the “right time” to sell is a myth. Potential buyers can back out last minute, leaving you back to square one with your housing burden. The traditional way of selling a house has no guarantees. As Is Now is here to simplify the selling process, provide honest feedback, and give you a fair cash offer for your home.
After you pay off the mortgage and property loans, you will have to shell out a good portion of money for the listing and selling agents’ commission. Commissions can rob you of 6 – 8 percent of your home’s sale price. The commissions are shared between the agent and the brokerage for creating the sale of your house. The other major expenses include the new owner’s title insurance, government taxes, and home repairs. You may be able to negotiate with the buyer or the lender for the amount spent on repairs and home rehab. Some lenders will charge a fee to pay off your home loan, and there may be an additional lender fee for paying off your loan early. If a lien was placed on your property, you will have to pay it in full before the sale can officially close. Additionally, if you still owe money on your property, you will have to pay a recording fee to make sure you are no longer financially tied to the house. In order to ensure all the documents are correctly filed and organized, you will need to pay a notary fee. You will also need to pay fees to an escrow company to ensure the money is managed appropriately. A pest inspection or WDO (wood destroying organism) inspection is sometimes required in Orlando, FL before you sell your home. A licensed and experienced professional will inspect your home, and upon review will issue a document supporting the structural integrity of the property. A seller concession may also be a part of your closing cost fees, if you agree to help the buyer with their closing costs. If you and the buyer agree to a concession of 4%, that amount will be added to the home’s sale price. If you and the buyer agree to a home warranty to help offer a protection plan for a certain amount of time during the buyer living in the property, you will also have to foot that bill. Some fees can be negotiated and shared, but other fees you are required to pay in full.
If you decide to finance your closing cost expenses, your loan’s interest rates and monthly payments will be affected. Your initial out-of-pocket expenses will be reduced, but depending on how high your closing costs are, it will lead to a higher APR. When your closing costs are high, and you need to finance more, you will wind up paying a lot more in the long run including possibly having higher monthly payments.
Selling your home requires unwavering attention, a deep commitment to time, and a great deal of financial burden. As Is Now is here to simplify the selling experience for you. Our licensed and experienced professionals buy hundreds of homes per month, saving Central Florida homeowners time and money with fair cash offers within 24 hours. If you want to avoid the hassle of dealing with real estate agents, endless fees, unpredictable timelines, and closing cost surprises then As Is Now is here to help. The housing market is uncertain, and home repairs are costly. You should not have to put your life on hold while you deal with the anxiety of selling a home. As Is Now does not operate on long time lines or expensive commissions that rob you of your net profit. Since 1995, our knowledgeable and compassionate professionals have been helping Orlando, FL residents quickly and easily sell their homes. Our services are free, with no obligation, and we schedule a closing date that works with you.
Our site is a tool that can help you sell your home. We can help you calculate your expenses so you know upfront what you will owe after closing. We have implemented a new Closing Cost Calculator feature on our website that will itemize the deductions for you. Our calculator shows side by side how much money you will pay selling your home the traditional way versus selling your home with As Is Now. We factor in the cost of rehab and repairs, the commissions, the closing cost, and most importantly your net profit. As Is Now helps save you money in the long run by not making you pay for any commissions or repairs. For a home worth $230,000, we can save you over $25,000! You can also quickly submit your address, asking price, and contact information via our homepage, and a member of our team will get back to you within 24 hours. There is absolutely no obligation, and submitting your inquiry is free and easy!
The closing cost calculator takes the guess work out of selling your home. Our licensed and experienced professionals know the Orlando, FL market, and are here to save you the headache of searching for listing agents, selling agents, and contractors. We factor in the percentage you save by avoiding unnecessary payments for commissions and repairs. Figuring out your closing costs has never been so simple. Just enter your home’s sale price into the calculator on our website. Within seconds, you will see what you could be paying in closing costs versus what you should be paying; As Is Now can save you thousands of dollars! When time is of the essence, and the housing market is unpredictable, why waste time and money on your home?
Selling your home the old-fashioned way is a long process. Organizing stacks of paperwork, scheduling contractors and appraisals, waiting on inspectors and home repairs, and shelling out thousands upon thousands of dollars for services and people you don’t need to help you sell your property. The traditional way is a thing of the past, and does not work anymore given the hostile housing market. As Is Now is a one-stop shop and invaluable resource to ease the process of selling your home. Our website is easy to navigate, and features useful applications to help save you time and money while preparing you for the undertaking of selling a house. As Is Now will help you preserve more profit from you home, instead of having it repeatedly undercut by endless closing cost expenses. As Is Now provides you a fair cash offer for your home. No need to worry about commissions to real estate agents who just see you as a dollar sign. No need to worry about home repairs, fixups, repainting walls, home staging, landscaping, contractors, and utility bills and insurance fees on a vacant home. As Is Now takes care of every last detail of the home selling experience. You can breathe easy; collect your cash offer, and focus on you and your family.