How Much Do You Pay the Realtor When You Sell Your House?
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How Much Do You Pay the Realtor When You Sell Your House?
Bill Buys Houses
/ Categories: Real Estate, Selling Home

How Much Do You Pay the Realtor When You Sell Your House?

When it comes time to sell your home, you may think you need to hire a realtor. But just how much do you pay the realtor when you sell your house?

Bill Buys Houses will explain how the money from the sale of your home is distributed to your realtor.

Realtor Commission Rate in Minnesota

The average rate for a realtor’s commission in Minnesota is 5.48% of your home’s sale price. This means that if you sell a home at $350,000, the realtor will keep approximately $19,000 of that sale.

Realtors receive this amount of money because of the work involved in selling a home, which includes a lot of paperwork, communication with the buyers or their real estate agent, and managing your listing on various websites. They guide you through the process of selling your home, which means they get a chunk of the profits.

Selling Your Home Yourself

Selling your home yourself is always an option; however, that means the heavy lifting is all on you. You will have to deal with the paperwork and listings, which could cost you money in the long run.

Some of the things that you need to do to sell your home that cost money are:

●        Determining a sale price

●        Hiring a photographer

●        Marketing your home

●        Home inspection and survey

●        Sales contract

●        Home warranty

●        Closing costs

This might not be the best option if you don’t have around $4,000 available to sell your home yourself, not to mention all the legwork involved.

Selling Your Home for Cash

If you don’t want to hire a realtor and selling your home yourself sounds like way too much work, there’s always the option to sell your home for cash. Selling your home for cash means you get the money right away, there are no fees, and the closing process is much faster than working with a realtor.

At Bill Buys Houses, we take homes that are “as is,” meaning you don’t have to do extensive cleaning or repairs on the home before trying to sell. And if you’re trying to sell fast, selling for cash is a great option.

This means you have cash as a down payment for the purchase of your next home.

Sell Your MN Home Fast & Get a Free Quote Today!

Bill Buys Houses is on standby to check out your home and give you a cash offer. You can check out what makes Bill Buys Houses different from other cash options.

You can also call us at 651-270-9191, or send us a message through our website. We look forward to working with you!

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