Where the money goes at closing
Example. Listing with an agent, the house sells for $240,000. The mortgage and back taxes take $106,500, repair credits after the buyer's inspection take $22,000, agent commissions of 6% take $14,400 and closing costs of 4% take $9,600. You keep $87,500. Selling to OfferBeyond, our cash offer is $210,000. The same $106,500 in mortgage and back taxes is paid, with no repair credits, commissions or closing costs. You keep $103,500, which is $16,000 more.
A typical saleListing with an agent
Sale price$240,000
The listing price looks bigger. Now watch what comes out of it.
First, your mortgage and back taxes are paid off.
The buyer's inspection finds problems. You give $22,000 in repair credits.
The agents take 6% in commissions.
Closing costs take another 4%. This is what's left.
- Sale price$240,000
- Mortgage and back taxes−$106,500
- Repair credits after the buyer's inspectionRepair credits−$22,000
- Agent commissions (6%)Commissions 6%−$14,400
- Closing costs 4%−$9,600
- Left for you$87,500
With usSell to OfferBeyond
Our cash offer$210,000
Our offer may seem lower than the listing price.
The same mortgage and back taxes are paid off.
No repair credits, no commissions, no closing costs. You keep more.
Listing price $240,000
A typical sale left you $87,500Typical sale: $87,500
+$16,000
- Our cash offer$210,000
- Mortgage and back taxes−$106,500
- Repair credits
−$22,000$0
- Commissions
−$14,400$0
- Closing costs
−$9,600$0
- Left for you$103,500
$16,000 more with us+$16,000 with us