Closing costs are usually around 8% of selling price. So if you are selling a $200,000 home you should expect to pay $16,000 in closing costs. Yes, and that you would have to deduct from the $200,000.
Modern Times Homes have been buying and selling Rockford houses for a while and we learned a thing or two about how to lower your closing costs.
One option would be to sell to a professional homebuyer like us over at Modern Times Homes. We can make a fair cash offer, close fast, and we will pay all the closing costs. This means if we agreed to a $200,000 selling price, you walk away with $200,000, no hidden fees.
Most home sellers forget about closing costs, and when they find out during the process they get disappointed how much money they have to give back. Imagine you could save that money and take your family for vacation.
If you decide to sell your Rockford house the traditional way you could negotiate with your agent the commission. Most people don’t know this but realtor’s commission is 100% negotiable. This would help you lower your closing cost a bit.
You may also try to list FSBO, but this means you would have to do all the work yourself; marketing the house, taking pictures, scheduling appointments, meeting with potential buyers. Is this something you have time for? This would definitely save you a buck in closing costs, but probably, it would give you a huge headache, especially if you don’t have any experience in selling houses.
If you decide to sell your house fast in Rockford Illinois give us a call at 847 242 2212 or fill out a FORM. We will give you no obligation, cash offer within 24 hours. Remember no commission and no closing costs if you decide to sell your Rockford house to us!