Selling to Us vs local real estate agent
| Selling w/ an agent | Sold to Lonestar Properties LLC | |
|---|---|---|
| Commissions/Fees | 6% on average is 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 after accepting offer | Date of your CHOICE |
| Who Pays For Repairs | Negotiated during inspection period | None – We pay for all repairs |
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* With the help of inspection contingency, the buyer gets the required time for inspecting the property and back out or renegotiate the deal if there are any repairs that need to be done. In this case, if the seller doesn’t agree with the buyer, the buyer has the right to back out of the sale. This is not good for you as the seller.
* A financing contingency enables the buyer to back out of the deal in case he fails to secure financing for the deal, or if the appraisal of the property’s value does not meet the loan-to-value requirement of the bank necessary to close the loan.
Here at Lonestar Properties LLC we don’t use bank financing so you don’t have to worry about our ability to close on a deal.
