January 2022

It’s the final countdown to home sale day. The last task on your to-do list is to pay your closing costs. But what are these costs and why do you have to pay them? Shouldn’t they be included in the purchase price or deducted from your down payment? It’s true that closing costs are sometimes added to the bill, but these fees are generally not negotiable. Why? Because they cover everything from taxes and insurance payments to property inspections and appraisals, all of which you need before you can call your home yours. These costs can be anywhere between 1% and 5% of your home’s purchase price. What are closing costs? First off, it’s important to understand what exactly these fees cover. When you close on the sale of your home, you don’t just hand over a stack of cash to your real estate agent and walk away. This would be quite dangerous. Instead, closing costs are the fees that are incurred in order for you to legally sell your property. These are necessary expenses that include certain legal procedures needed to complete the sale or transfer of ownership rights between parties. It usually involves some trip to the bank, which you will end up footing the bill for. What Is Included In Closing Costs? It’s easy to feel overwhelmed by all the fees you’ll have to pay when selling your home, but understanding what they are and why they’re charged can help reduce that stress. Here’s a list of some of the fees involved in selling a home: – Realtor commission – The commission is negotiated between you and the real estate agent representing your home’s buyer. It’s typically 6% of the home’s purchase price; however, there can be some wiggle room in this percentage when both parties are agreeable to a different number. Sometimes sellers opt for lower commissions if they think it will help them sell their homes more quickly. – Title research – The title company’s representative does a search of the property’s public records to see what liens, mortgages, or restrictions are in place for your home. – Closing fees – These are payable at closing and include costs associated with recording deeds, attorney fees, courier services to get documents notarized, courier services to transfer loan funds, and other miscellaneous fees. – State transfer tax – The state’s government applies this fee to pay for public services related to the property’s sale. It varies by state but is usually around 1%. -  Title insurance – This protects you in case your buyer finds out any information about your home that you were unaware of such as a lien or other legal claim against it. – Home warranty – If you choose to sell your home “as is,” this will cover items such as major appliances and the heating and cooling system for a set period, typically 10 years. Avoid The Fees – Sell Your Home To Home Buyers OKC The best way to avoid paying all those fees and home closing costs are by selling to Home Buyers OKC, your best option if you want to sell your fast in Edmond, OK.  Since we work without middlemen, we offer cash for your home, and buy your house as-is, we can help you not only to sell your house fast, but save a lot of money in fees, commissions, and closing costs. Want to get a cash offer on your property? Get in touch with us today to schedule a visit from one of our team members to get you a cash offer ASAP. GET IN TOUCH WITH US

Buying a house can be a life-changing experience. It is the house you will live in for years to come, and buying a house presents many choices. One of those choices revolves around choosing a selling price for your house. Will it be higher or lower than the house is valued at? Many factors will influence your house’s value, so you must consider all of them before deciding on a selling price. 3 Factors That Can Change The Estimation Of The Price Of Your Home   Unrealistic Upgrades   When evaluating house prices, don’t forget to factor in house repairs and updates if they are needed. A house that needs expensive upgrades will sell for less than a house with the same amenities as it, but with as-is updates. For example, if your house does not have built-in speakers and you want to put them in, that’s an upgrade that will increase the house value by about $1,000. Always Research Commissions   Another factor to remember when estimating house pricing is house commissions. Commissions are the fees that agents take from house sales, and they range between six to eight percent of house selling prices. One of your final house cost factors to consider before estimating house costs in house commissions. It’s always best to sell directly to a home buying company that can give you a fair home cash offer, so you don’t have to pay any middlemen or real estate agent fees. Have Your House Marketed Properly   House marketing can influence house pricing as well. If you have your house marketed well, then house shoppers can learn about any updates your house needs or what you have done to increase the house value. That will attract house buyers that are looking for houses with those specific price points. When making estimations for house prices, consider all factors carefully. Those who don’t might sell their homes for less than they should, or they might list their house for more than it should be. Let The Expert Value Your Home Before You Sell It   At Home Buyers OKC we want to make sure you have a fair cash offer so you can sell your house fast in Edmond, OK. That’s why we offer free visits to assess the value of your home and make you an offer. If you would like to receive a cash offer for your property, or you just want to know its estimated value, contact us today to schedule a visit with one of our experts to provide an accurate estimation. SCHEDULE A VISIT