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Selling a house with a traditional real estate agent isn't so cut-and-dried: Added expenses consist of an average commission of about 6%, and depending upon the state, closing expenses that can run from 2% to 5% of the purchase rate. Sellers have to spend for repairs, too, and while the home is on the market, they're stuck paying the mortgage and other expenses.
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For many property owners, this route is the finest method to bring top dollar for their home specifically in today's real estate market. Merely put, there are fewer homes on the market right now, so competitors is high and numerous sellers are raking in offers. In many cases, choosing a lower price from a financier just doesn't make sense.
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