In the modern real estate market, buying and selling a home requires a host of services and a team of experts. From getting your home ready for listing to advertising it to buyers to home inspections and mortgage underwriting, there is a myriad of costs incurred along the way. By the time you finally sign on the dotted line, you’re often looking at hefty closing costs that put a major damper on your excitement from the sale.
Thankfully, there are ways to sell your home with no closing costs. Here’s how:
- FSBO – Selling your home yourself, otherwise known as ‘for sale by owner’ (FSBO), can cut down considerably on closing costs. Since you’re not working with an agent, you cut out a major chunk of closing fees. However, this leaves all the marketing and negotiating for the sale on your shoulders.
- Seek individual cash buyers – Individual cash buyers are also usually motivated to go through the process with no closing costs, making them ideal customers. Still, cash-only buyers who are buying your home to live in will still want to negotiate home repairs and updates so the home is up to their standards before moving in, which can add considerable costs on your end.
- Go with cash-offer investment firms – Working with a real estate investment firm allows you to sell your home with no closing costs and as-is. Investment firms will have a process for making repairs and updates to properties as part of their business strategy, so this takes the onus off of you to meet a seller’s expectations. For a selling process that saves you both time and money, a real estate investment firm is a great way to sell your home painlessly and without closing costs.