Let’s go into the fees paid to real estate agents and how it differs from a real estate investor in Denver, Colorado.

What are the fees paid to real estate agents? Or another frequent question is how much does it costs to sell my house in Denver or elsewhere? This is a completely understandable question because we all want to save as much money as possible. Let alone when it comes to the biggest asset most of us have.

You can sell your house for sale by owner, list it on the MLS with a real estate agent or sell to a house buying company or investor. Although the main topic of this post is to go over costs associated with selling your house we’d like to draw a comparison as well. Selling a house will incur costs no matter which way you go about it but which way is right for you?

Why are there fees paid to real estate agents in Denver?

A real estate agent is is a person who acts as an intermediary between sellers and buyers of real estate in order to find a perfect match to come together. It’s kind of like playing matchmaker in the dating world. Instead of it being between two people romantically interested in one another, it’s two parties who are a match in a real estate sales transaction. With this there’s is going to be a charge for their valuable service in saving you time in having to figure out the whole process in between selling a house in Denver.

Think about all the things you’ll have to do manually in order to get a house sold. After listing them out it’s reasonable as to why there are fees paid to real estate agents. The main goal of hiring a real estate agent is to find a buyer for you or your dream house. When it comes to listing with an agent, the agent will have to list on the MLS, advertise, hold open houses, negotiate price and terms, coordinate the transaction, keep track of deadlines and handle all phone calls in between. 6% commission is an arbitrary number that seems to be picked out of the ether and one day was set as the standard.

This is why in markets like Denver real estate agents are finding an alternative to the fees paid to real estate agents. Flat rates and fees lowered is slowly becoming the norm because as the price of Denver homes increase so does the fees paid to real estate agents. Flat rates and discounted fees is actually something being disliked by Realtors in Denver since 2014. This is according to a CBS Denver article you can read by clicking here.

There’s fees paid to real estate agents, any paid to investors?

Unlike fees paid to real estate agents, this may come as a surprise to most but there’s typicalyl no fees paid to a real estate investor when selling your house. Why you may ask? Simply put, the real estate investor will earn their living on the investment of the property itself, not the transaction of a sale. There’s a big difference here that needs to be understood here. A real estate agent will be paid to find a solution to your problem, a house buying company is the solution to your problem. Problem being needing to sell a house in Denver.

Don’t forget about any “necessary” repairs.

Most of the time there’s very big fees paid to real estate agents in the name of renovations. If your house needs any amount of work this is going to be one of the must you have to do in order to get “top dollar” for your Denver house. The reason being is only a real estate investor will buy your house as is because the first thing they’ll do once you close is guess what? Do repairs. So they can keep it as a rental or renovate and sell to a new family. Most retail buyers, unless they have the time and money to do the repairs themselves, are going to want something move in ready. They want a home, not a project.

When it comes to fees paid to real estate agents, it doesn’t mean it won’t be a worthwhile investment. It simply means it’ll be an investment and comes at a cost for the Realtor to perform at their highest and best to get your house SOLD. At the end of the day, it’s up to you to decide which route is best. Do you go with fees paid to real estate agents, time invested into doing it for sale by owner or to you sell your house fee free, as is and pay no closing costs by selling to a Denver real estate investor?

We’re happy to give you more information about our buying process and to share with you exactly how it all works. Click here and enter your information or pick up the phone and call us at 303-997-2045.