Closing Costs and Cash Buyers: What You Should Expect

Everyone likes to talk about how much they can sell their home for. What doesn’t always make it into the conversation is the money you’re expected to pay as the seller to sell your home. Closing costs are par for the course when selling your house. At least, it can be. The details can change a bit when a cash buyer gets involved.

Fees You Don’t Need to Worry About

Lenders are in the business of making money. That means they aren’t going to work for free. They’ll charge fees for things like credit checks, origination and processing fees, and paying mortgage points up front. While you aren’t directly responsible for those fees as the seller, they could impact what a buyer is willing to offer for your house. Of course, since there is no lender involved in a cash sale, you don’t have to worry about it one way or the other.

Negotiating Closing Costs with a Cash Buyer

Because there aren’t any hard or fast rules about who pays what in terms of closing costs, there is often room to negotiate them with your buyer. Some closing costs are more commonly paid by the seller while others are more commonly paid by the buyer. Others tend to be split and paid by both parties. That doesn’t mean that it automatically has to be that way though. What makes sense will depend on the details of the sale and the willingness of both parties to haggle.

WNY Home Buyers Covers Closing Costs

What if you didn’t have to pay any closing costs as the seller? That’s what happens when you sell your home to WNY Home Buyers. We cover all closing costs so you don’t have to worry about any of them. It’s just one of the ways we try to show homeowners that we care about them and want to help.

As it turns out, who you sell your home to can have an impact on the closing costs you’re expected to pay. Choosing to sell your home to a cash buyer could see you paying less in closing costs. If you choose a professional home buying company like WNY Home Buyers, you might not have to pay anything at all. For homeowners who want to save money on selling their homes, that could be the best option.

Covering closing costs isn’t the only way WNY Home Buyers stands out as a buyer. Click here to see how selling to us compares to selling your home with a local real estate agent today!

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