Refinancing your home is an option but not always practical. Many factors can make a mortgage “bad,” including a high-interest rate. In many cases, it’s best to sell your home with a bad mortgage and purchase a new home. But, as you know, selling a home can be expensive. For instance, selling a $600,000 home can cost you $36,000 in realtor commission alone. Thankfully, there are several ways to sell your home with no (or fewer) fees.
Can You Sell With a Realtor and Avoid Fees?
You can’t avoid fees with a real estate agent. The standard realtor charges a 6% commission. However, discount realtors may sell your home for a 1% to 3% commission or a flat-rate fee. Discount realtors represent more homes than a traditional realtor and, therefore, can’t devote as much time to your listing. If you have a bad mortgage, you’re probably ready to pay less interest and get a loan with more favorable terms. While a realtor can help an agent sell your home, there’s no saying how long it will sit on the market. Selling your home for sale by the owner or to a cash buyer is an alternative to using a real estate agent.
The Cost of Selling Your Home For Sale By Owner
When you sell your home for sale by owner (FSBO), you’re the real estate agent. You’ll have to research comparable homes to determine a list price, take photos, and host open houses. Homeowners who list their home FSBO can still put their homes on the MLS for a fee (typically a few hundred dollars). If you sell your home FSBO, you can avoid the common fees associated with a realtor. However, many homeowners will still have to pay a commission to the buyer’s agent, reaching up to 3%.
Selling your home FSBO is a lot of work and isn’t free. Your home may stay on the market for a while, leaving you with a bad mortgage. The best way to sell your home in Alabama is to get a quick offer from a cash buyer, such as RHED Key Properties.
Avoid Fees With a Cash Buyer
Are you ready to get out of your mortgage and sell your home without fees? If so, working with a cash buyer like RHED Key is the solution. We have made dozens of cash offers and make it easy to sell your house in Alabama. There are zero fees to sell your home, and you can also sell your home as is. Receiving an offer from RHED Key Properties is an effortless process. We’ll ask you Several questions about your home and give you a fair cash offer within 24 hours.
Get an Offer From RHED Key Today
If you’re dealing with a bad mortgage, you’ve come to the right place. RHED Key Properties is the leading source for cash home offers in Alabama. We buy all types of properties, including homes facing foreclosure, inherited property, and homes with liens. If you’re ready to sell your home with a bad mortgage and get a quick cash offer, get in touch with us today.
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