If you’re a Utah seller looking to get your home off the market quickly, you may be wondering what kind of fees you’ll have to pay. Keep reading to find out what sellers pay in the state of Utah, and how you can reduce some of those fees.
What Fees Are Sellers Responsible For?
There are different types of listing or selling fees that you’ll have to pay when you’re selling your home. These fees are commonly known as stager or listing agent fees, or some variation of those terms. The most common fee, the listing agent fee, is when a real estate agent lists your home for sale with the listing agent. It can also refer to other services provided, like showing the home or helping with the paperwork. Some listings provide their own listing agents, while some listing agents are affiliated with the real estate company. The listing agent fee will depend on the details of your listing contract. You’ll find them listed on the sales contract, typically in the first paragraph (as part of the selling agent agreement).
What Fees Can Sellers Avoid?
On the other hand, if you’re a Utah seller looking to get your home sold fast, you may want to pay attention to the fees that you’ll need to pay, because some of them can be avoided. For example, sellers can avoid paying a real estate commission if they have no contingencies. When you sell your home without having any outside agreements, the real estate commission is waived. This is different from when you have contingencies to fix or sell your home. Similarly, you may also avoid paying any FHA loan fees if you have a well-qualified buyer. Do you have to put any repairs into your closing disclosure? If you’re a seller with a mortgage, you don’t have to put anything in the closing disclosure, even if there are problems with the home.
How Can Sellers Reduce Fees?
One of the best things you can do when selling your home is to look for a great real estate agent who can work for you instead of the other way around. A good agent will do more than just list and market your home for you. Selling your home is more complicated than simply shopping around and finding the best price. Even a low-priced home will require some work before you can put it on the market. A real estate agent will be looking for the right situation, the right price and the right timeline so that you get the best deal on your home and get it off your plate.
Contact Utah Sell Now Today
If you’re a Utah seller looking to sell your home ASAP without all the ridiculous fees, contact the experts at Utah Sell Now today. We buy homes in the Salt Lake City, Utah, area in any condition fast and in cash so you don’t have to go through the hassle of staging and showing your home, or paying a realtor. Call us today for your no-obligation written offer and you could have money in hand for your home in as little as seven days.