Selling w/ an agent | Sold to New Page Real Estate | |
---|---|---|
Commissions/Fees | 6%Â is common – paid by you | None |
Who Pays Closing Costs? | 2% on average is paid by you | None – We pay all costs |
Inspection & Fin. Contingency * | Yes, up to 15% of sales fall through | None |
Appraisal Needed | Yes, sale is often subject to appraisal | None – We make cash offers |
Average Days Until Sold | +/- 91 Days | Immediate Cash Offer |
Number of Showings | Depends on property/location | 1 (Just us) |
Closing Date | 30-60 Days is common | Date of your CHOICE |
Who Pays For Repairs | Negotiated during inspection period | None – We pay for all repairs |
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* We utilize a short inspection contingency which gives us a few days to confirm there aren’t significant, non-obvious condition issues with the home. These would be very rare, as we usually expect to do significant renovation work on these homes. If we do find such issues, the contingency allows us to void the contract, or potentially discuss with the seller and renegotiate based on these findings.
* A financing contingency is sometimes used to provided protection for us as we line up our team for each project, and it enables us to back out of the deal if financing issues arise, but these are also rare because we don’t utilize traditional bank financing, and there will be no bank appraisal.
Just to reiterate, here at New Page Real Estate we don’t use bank financing so you don’t have to worry about our ability to close on a deal.