You know, more often than not, buyers and sellers have found themselves in uncomfortable situations where it’s not easy deciding who needs to pay for the closing costs. And we understand why no one really wants to pick up that tab.
According to real estate experts in Houston, Texas, the closing costs of a typical home usually accounts for around 3 percent of the final sale price. And that’s just the minimum estimate of that ballpark figure. It could still go as high as 5 percent, if we’re talking about a luxurious house.
There’s also one other piece of information that we think is important to share. You see, these closing costs normally vary from one location to the next. They’ll also depend on the mortgage lender, and the type of mortgage.
All these factors are the reason why deciding who needs to settle those costs is difficult. It could have been easy if we were only looking at the costs that are incurred by a buyer, or just the seller. But both of them are involved, and so are their costs.
Long story short, both the property buyer and seller are responsible for the closing costs. The seller should pay their share and the buyer there’s.
However, if you’re a seller looking to sell my home fast in Houston, Texas, we would advise you to cater to those costs. The level of competition in the real estate market here is so fierce that if you make a small mistake, or show buyers that you’re not willing to make any sacrifices while selling, they’ll bail and move on to the next home seller.
What are the different types of closing costs in Houston, Texas?
Oh, we have the appraisal fees, title Search fees, loan origination fees, underwriting fees, escrow deposits, attorney fees, recording fees, survey fees, home inspection fees, and even the lender tile insurance.
Is there any way one can avoid paying the closing costs?
Yes, there’s a way. Have you ever heard of a property investment company that goes by the name We Buy Fast Houston Houses? It’s essentially a company that specializes in buying and selling homes in Texas. And if you work with us, you’ll be working with someone who has a wealth of experience in the field.
What are the benefits of selling to a cash investor?
For starters, you won’t be paying the closing costs. Yes, you heard that right. We Buy Fast Houston Houses usually pays all the closing costs. Secondly, there’s no commission fee to be paid. We are not real estate agent. When you’ll be selling or buying, you’ll be buying from us and selling to us. Not through us.
Thirdly, we buy homes as-is. By that we mean, you won’t have to clean it, or make repairs. And lastly, all our offers are in cash. That’s how we avoid hiccups when transacting.
So, the question that we’ll now ask you is, “Are you ready to gamble on We Buy Fast Houston Houses?”