Why you should sell to a direct house buyer in Cincinnati?

Selling your house can cost you plenty  Suppose you bought your house for $100,000. If you sell it for $150,000, think you’ll make a $50,000 profit? Think again. Before you even start the selling process, you’ve got expenses to consider.

Repairs and improvements: Repairs can prevent devaluation of your home, and the right improvements can increase the selling price or decrease taxes if you make a profit.

Advertising and promotion: If you sell your house yourself, you’ll need to spread the word. For a fee, website owners will put pictures of your house on the internet. You may want to place conventional ads in local newspapers and distribute flyers around the neighborhood. A flat-fee MLS listing will reach buyers through real estate agents. Of course, you’ll need “For Sale” signs. Staging an open house or two will also help (don’t forget the invitations, signs, coffee, and doughnuts).

Prepayment penalty: Even when you pay off the entire mortgage balance on the home you’re selling, the mortgage holder may charge you a “prepayment” penalty.

Moving costs: You could sell or donate everything and start fresh, to avoid what could be hefty moving costs. But that can be rather pricey.

On top of all this are the costs relating to the actual sale of the property. Fees vary, depending on your location. Whether you or the buyer pays may be decided by negotiation. In general, though, here’s what you can expect:

Professional house inspection provides you with a report of the physical condition of the house. Buyers usually have their own inspection performed as well.

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    • 650+ sellers have trusted the twins

    • Close and get your cash in 10 days

    • They’ll pay all closing costs

    • The Painters pay fair market value

    • They’ll buy your house “as is”

    • They have cash to buy immediately

    • You avoid broker-related hassles

    • We buy Cincinnati houses for cash

    Selling Your House Can Cost You Plenty!

    Pest-control inspection by a specialist who prepares a report on the presence or absence of wood-destroying pests such as termites, carpenter ants, and powderpost beetles. Included in the report is documentation of any damage they may have caused.

    Other inspections may determine whether the home is structurally sound or contains any environmental hazards (e.g., asbestos, lead-based paint, radon, or mold).

    Homeowner’s insurance protects the property owner from losses due to fire, theft, or other catastrophes. Mortgage lenders usually require such insurance, since the property itself is their security against the loan. Specialty insurance protects against such risks as flooding and earthquake damage that aren’t covered by conventional homeowner’s insurance.

    Closing agent fee: The closing agent (a real estate attorney, title company, or escrow company) makes sure all documents and money related to the sale are properly handled, notarized, and disbursed.

    Other closing costs include attorney fees. Estimate 1%-1.5% of the selling price. (For a $100,000 home, that will come to $1,000-$1,500.) Closing costs also include:

    • Title search to uncover the history of ownership of the property and any liens, encumbrances, encroachments, or easements it may have.
    • Title insurance to protect the lender and property owner from claims against the ownership of the property that were not disclosed in the title search report.
    • Survey to identify the physical boundaries and characteristics of the property, including any structures, wells, fences, and utility easements.
    • Recording fees paid to the government recorder’s office that maintains the official public records of property ownership.

    Prorated property taxes and service fees, such as trash collection. 

    Transfer tax is imposed by some government authorities when a property changes ownership. They’re sometimes referred to as “doc stamps” because of the postage-like stamps that are affixed to a document to indicate payment of the tax.

    Buyer’s mortgage loan fees in most states are traditionally paid by the seller. They’re estimated at 1%-1.5% of the loan amount. (On a $90,000 mortgage, figure it’ll come to $900-$1,350.)

    The real estate brokerage commission – usually a percentage of the selling price – can easily be your biggest expense.

    • If you list your home with a real estate agent,expect to pay 6%-7% of the selling price ($6,000-$7,000 for a $100,000 home).
    • If you sell the house yourself but accept the offer of a buyer brought to you by a real estate agent, you’ll probably pay half the fee, or 3%-3.5% of the selling price ($3,000 to $3,500 on a $100,000 home).

    Although you can limit your selling costs by stipulating in the sales contract the maximum amount you’ll pay toward the buyer’s mortgage costs and other closing fees, your agreement with the real estate brokerage is a separate contract.

    Of course, you can advertise the home and find a buyer yourself, and pay nothing to real estate agents. But as you can see, selling your home is still an expensive and detailed undertaking. If you don’t have any cash to spare, and you need to sell your house fast for cash, consider a private home sale to Mitch and Matt Painter, the Cincinnati Property Twins. Complete the form or call/text 513-445-2274 to receive a ballpark offer.

    We Buy Houses In Cincinnati, OH.

    We’ve already bought more than 650 houses in Cincinnati. If you’re ready to sell, then We Buy Houses Cincinnati would like to make an offer for yours.
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    Cincinnati Property Twins Mitch and Matt Painter buy houses “as is.” You don’t need to make repairs or improvements of any kind (our partners handle that). Revitalizing Cincinnati homes is a passion of the Painter twins, who believe in making it super easy for sellers to sell. They understand your need for execute quickly and can close in 10 days. If you’re looking for cash home buyers, Mitch and Matt are ready to do business with you.

    Why owners who say “I need to sell my house fast for cash” choose Cincinnati Property Twins Mitch and Matt Painter.

    Bob Hamm
    Bob Hamm
    “It was a relief that I didn’t have to deal with a realtor who often pressures you. (This was) much easier. I felt very comfortable knowing that there was somebody with me every step of the way.”
    Tony Phillips
    Tony Phillips
    “I didn’t have to take any time off from work. I had a lot of stuff and didn’t want to put things in storage while strangers rummaged through my house. A tremendous advantage was not paying a broker commission. It was a cash deal, so there wasn’t a lot of bureaucratic stuff. We went to the title office and that was it. The whole thing was very convenient and fast. I had a great experience. (The Painters) stay with their word.”
    Lou Peerless
    Lou Peerless
    “The experience was great. One meeting with Matt and it was obvious he was a straight shooter. Working with him was a pleasure. He’s a mensch. (Yiddish term for a person with integrity.) The fact that they were local was a big deal. If I had another property, I’d show it to the Painters before I did anything.”