When you’re thinking about selling your Pittsburgh home, it’s important to know what closing costs can be expected at the end of the sale. The term “closing costs” refers to numerous fees and taxes that relate to the home sale, some of which are mandated by law and others that are necessary.
The most common closing cost is “title and closing,” which usually ranges from 2.5% to 3% of the sale price (depending on your property value). Here are a few other closing costs:
- Title insurance
- Realtor commission
- Property taxes
- Appraisals, surveys, and inspections
- Legal fees & notary Fees
- Paperwork fees
While all of these costs can make selling more expensive, there are ways to reduce them. Here’s how you can save on closing costs when you sell your house fast in Pittsburgh.
1. Shop Around To Get Better Rates
Search online for title companies in your area and see if they have any special offers or discounts for you. Some title companies also offer discounts for veterans, military families, and first-time homebuyers. Don’t forget to compare insurance rates and other fees to save on the closing costs.
2. Negotiate With Buyers To Take Up Some Of The Closing Costs
Buyers are often willing to pay for some of the closing costs like the appraisal fees, title insurance, and transfer fees. You can give them a better price for the property if they bear some of the closing costs. Try to make it a win-win situation for both of you.
Or, you could choose to sell to cash home buyers in Pittsburgh, as when they purchase homes they always take care of the closing costs.
3. Sell On Your Own To Save On Realtor Fees
Realtor commission can cost you around 6% of the sale price, which is a huge sum if you’re selling an expensive home. You can avoid this fee by selling your home yourself and having the buyers close on their own. Selling on your own, or FSBO as its known, is definitely a cost-effective strategy, but it’s not always easy to do this.
We buy houses in Pittsburgh, PA for cash, and we’ll cover all the closing costs!
4. Sell Your Home For Cash To Cash Home Buyers
Selling your home for cash is the best way to save on closing costs. Cash home buyers in Pittsburgh will buy your home as is and pay all closing costs. Moreover, you won’t have to make repairs or improvements, so there’s even more saving.
Closing costs are an important part of any traditional home sale and they’re almost always unavoidable. But sellers can reduce their closing costs with prudent negotiations and by possessing a deep understanding of the process. However, not every seller has the resources or expertise needed to negotiate the best possible deal.
Fortunately, cash home buyers in Pittsburgh are available to assist. They will give you a fair cash offer for your Pittsburgh house, regardless of its condition or location. Sell your home today for cash and save on closing costs!
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