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Offering a home with a traditional genuine estate agent isn't so cut-and-dried: Included costs include an average commission of about 6%, and depending upon the state, closing expenses that can range from 2% to 5% of the purchase rate. Sellers have to spend for repairs, too, and while the home is on the marketplace, they're stuck paying the home loan and other expenses.
For most homeowners, this path is the best method to fetch leading dollar for their house especially in today's realty market. Simply put, there are less homes on the market right now, so competitors is high and many sellers are generating offers. In a lot of cases, opting for a lower rate from a financier just does not make sense.
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