And they can be significant.
In Florida, for example, closing costs can be around 7% of the total selling price.
Thats about 1% for taxes, fees, etc.
that are mandatory, plus a whopping 6% in agent commissions (3% for each agent).
Lets say you sell your house for $600,000.
The commission fees alone will be $36,000 (split between the listing agent and the buyers agent).
Thats a huge chunk of equity youre giving up.
Until recently, home sellers had no real choice but to deal with this broken system.
But one brokerage is doing things differently.
Its calledHouwzer,and it saves people an average of $15,000 on commission fees.
Houwzers technology-driven approach leans on modern efficiencies and passes the savings on to home sellers.
Its not a discount its just a fair way to sell homes.
No Interest Til Almost 2027?
That means their priorities might not always be the same as yours.
But Houwzer pays its agents as salaried employees, so they can focus on your goals not just commissions.
For a $600,000 house, youd be saving $16,000.
Thats cash it’s possible for you to use toward closing costs, renovations whatever.
Did you know?
Houwzer agents sell houses an average of 20 days faster and for $4,400 more than the average home.
Kari Faber is a staff writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
