What goes in to these "Hidden Costs"?

Realtor Commission

• This is the cost everyone expects, but they don't realize the financial impact.

• Sometimes adding this onto the price makes the house listed higher than the value.

• Not only can a lot of people not afford to PAY the Realtor commission, but the commission itself may make it HARDER for the house to sell.

• Even if you don't use a Realtor, this money will be sucked up in your time, aggravation, costs involved in you advertising and paying additional mortgage and holding costs yourself

Price Discount

• Most Buyers expect a discount from asking price, whether its through a Realtor or "For Sale By Owner"

• Most Sellers know this in the back of their minds, but they don't know how it will affect the bottom line until its too late.

Seller Closing Costs
 

• Certain closings costs that are almost always expected to be paid by the Seller

• One of the largest of these costs is Title Insurance

Seller Concessions
 

• Chances are that when you bought your house, your Builder or Seller probably paid a lot of Seller Concessions for you that show up on the 2nd page of your closing statement

• Seller Concessions are usually costs that used to be paid by the Buyer, but Seller's are now paying in order to get their house to sell faster in the face of market competition.

• Seller Concessions have become almost automatic these days, since most buyers today are strapped for cash and/or expect to put as little down as possible.

• MONEY paid by the Seller usually for points to pay the buyer's interest rate down, special non-profit down payment programs, and a host of other costs that the buyers USED to be responsible for in the "good ole days".

• Also inspection and repair fees for "repair conditions" indicated by the appraisal (per government or lending regulations).

Remember, we can BUY your house TODAY and help you avoid most of the pain of these Hidden Costs!