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Why Selling Your House Privately Can Save You Thousands

Selling a house can be a stressful and costly process, especially when using a real estate agent. However, there is an alternative: selling your house privately. Not only can selling your house privately save you time, but it can also save you thousands of dollars in fees and commissions. In this blog post, we’ll discuss why selling your house privately can save you money.

  1. No Agent Commission Fees: When you sell your house privately, you don’t have to pay a real estate agent’s commission, which can be up to 6% of the sale price. That means, for a $500,000 home, you could potentially save up to $30,000 in commission fees.
  2. Reduced Closing Costs: The closing costs associated with selling a house can be costly. However, selling your house privately can significantly reduce those costs. Typically, closing costs associated with selling your house privately can range between 1% to 3% of the sale price, compared to 5% to 6% when using an agent.
  3. More Control Over the Sales Process: Selling your house privately gives you more control over the sales process. You have the ability to negotiate on your terms, which can help you save money on repairs or other expenses.

In conclusion, selling your house privately can save you thousands of dollars in fees and commissions. However, it’s important to remember that selling a house privately does require some additional work and research. By taking the time to educate yourself on the process, you can successfully sell your house privately and save yourself thousands of dollars in the process.

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