Costs of Traditional Selling
Selling a house is a long, complicated, and expensive process – even if your property is in perfect condition. There are many middlemen, dozens of steps, months of paperwork, and layers of fees. It’s not a bad option, but many homeowners in St. Louis are finding that it’s not their best option.
The average cost to sell a house is nearly 15% of it’s sale price – which includes agent commissions, home improvements, closing costs and moving fees. A $200,000 house might cost $30,000 in seller expenses.
We buy properties directly from the seller “as-is” which means no agent commissions, repairs, or staging. We also arrange our own financing, which means no extra closing costs. Can you see the math working yet? This doesn’t even include other expenses like having to make additional mortgage payments and interest while you wait for your property to sell, cleaning costs to keep the property looking nice for potential buyers, and trips to the coffee shop to kill time while strangers tour your house and decide whether they like it or not.
However, financial cost isn’t everything. Time and stress matter a lot too. In traditional selling, you have to host open houses, invite dozens of strangers into your house, wait for inspectors, escrow, and closing.
The average time to sell a house is 55-85 days according to recent industry averages – which includes finding a buyer, negotiating, and closing.