Who pays closing costs in a cash home sale?

Closing Costs In A Cash Home Sale

Have you ever wondered who actually has to pay the closing costs in a cash home sale? Here’s the deal. There are NO COMMISSIONS to be paid. When you sell your home to a cash home buyer, you’re not paying commissions because you are selling privately - directly to the buyer. No middleman means no extra fees! There are usually closing costs that go along with a traditional home sale, but selling to a cash home buyer is different. Closing costs usually include the lawyers fees and that’s typically it.

There are scenarios where your mortgage agreement is broken, and that can cost you to get out of. There can also be mechanical items that have been financed and those are usually in need of being paid out on closing. Every home has its own unique set of costs. That being said, the typical sale of your home will have the lawyer fees and that’s it.

Sometimes a cash home buyer will even cover those costs for you.

Cash House Buyers and No Commissions

With a cash buyer that’s literally it, no COMMISSION payments!!! What they offer you is what you receive. Most cash buyers will even pay your lawyer fees. So there is nothing out of your pocket. The best part about cash buyers is that they are there to help and want to help you with your fresh start or next steps.

For example, if you are selling your home and purchasing a new home, you will need to come up with a deposit to secure the purchase. This can be a significant amount, plus the moving expenses and packing materials, etc. A cash buyer has the ability to front you cash to help take care of those expenses.

They will secure the money against the offer of your home. This allows you not to be cash strapped while the transaction is waiting to close.

In Conclusion

Selling your home to a cash buyer is an easy, and guaranteed way to sell, and will be much easier on you than a traditional home sale. We buy houses in ANY condition, all across the Durham Region, York Region & Simcoe County. We help sellers get out of a tough situation, or simply just want to sell privately. As private cash home buyers, you are dealing directly with us, and we make it easy! We like to talk about the ease in which we buy homes from sellers, but in actuality, the guarantee that we can buy your home is unprecedented.

If you’d like to learn more about our simple process for selling your home to us, a private real estate home buyer, reach out today.