subject: How To Eliminate All Closing Costs When Selling A House [print this page] One of the advantages of selling a house as is could come as a surprise to you if you are thinking about selling to an investor for cash. Why am I boldly calling it an advantage? Actually, the reason is quite simple. I've been buying houses with cash for over 30 years and there have been a lot of people who were surprised how easily their transaction closed. I've developed a system that works for me, and since I've taught my system to other investors and also to real estate brokers I know for a fact it works for them as well. To put it simply, the investor puts together a team of professionals to handle the legal work associated with buying the house and closing the sale. Although I don't do any legal work myself since I'm not a lawyer, and neither are other investors I've trained, we all know how to manage a real estate transaction to close properly, and to be easy for everyone involved.
If you are thinking about selling a home as is start by considering what happens as soon as you find an interested buyer. You need to know that finding your buyer is just one part of the sale process and what comes after you find your buyer can take longer. Oh, and it can also be expensive. If you remember the closing costs involved when you bought your house, and you've heard about other people's closing costs you know those costs are even higher today. Mortgage financing professionals need to earn a living, so sometimes they add fees onto a borrower's closing costs. While all costs are supposed to be disclosed at the outset of the mortgage application process it doesn't always work that way. Occasionally fees appear on the closing statement and they take everyone by surprise. When you are sitting at the closing table you cannot do much to change the situation. Unfortunately, the time to deal with extra fees is past and without a big disruption in the closing you will simply have to pay them.
Are you wondering how to eliminate closing costs altogether? Homeowners selling a house as is to professional buyers known as real estate investors can avoid closing costs because investors usually pick up all the costs of closing the transaction. The team of professionals, attorneys, appraisers, inspectors and title companies I mentioned earlier will handle the legal work. That means you don't have to be responsible for any of it, and that's how you avoid paying closing costs while you enjoy a cash sale without delays.
