In most cases, your closing costs are non-existent when selling to a cash home buyer. Your lender or real estate agent usually picks up your closing costs. These fees usually include a mortgage application fee, title search, transfer agent fee, private mortgage lender or legal fees. As for the actual closing cost, it’s generally much less than what you would pay when selling through a conventional real estate agent. So you will actually save money in the long run by selling to Cash Home Buyers Atlanta, Snellville is one of the authority sites on this topic.
No risk of foreclosure: Another advantage to cash home buyers is no risk of foreclosure. Your lender will not foreclose on your house even if you don’t have enough equity to cover your mortgage payments. This includes any late payments or defaults. Your house will not be repossessed, and your mortgage payment will continue as normal. However, you won’t get to keep the property until the foreclosure process has ended.
No profit from short sales: When you sell to a cash home buyer, you may lose some profit on the sale. However, this is usually offset by the lower mortgage payments you’ll have to make. It also may include any profit that your broker makes from the transaction. You could also lose money on taxes when selling to a private party. The buyer typically pays taxes on the amount they pay you, so you will have to pay your own share of property taxes.
CONTACT INFO :
Cash Home Buyers Atlanta
2330 Scenic Hwy S #501, Snellville, GA 30078
Phone No. : 770-769-5295