If you're selling a house, you're probably pumped about how much money you could be making when the deal closes.
But before you go all Scrooge McDuck and start diving into a pile of money, remember the costs that come with selling a home â€" like commission fees. And they can be significant.
In Florida, for example, closing costs can be around 7% of the total selling price. That's about 1% for taxes, fees, etc. that are mandatory, plus a whopping 6% in agent commissions (3% for each agent).
Let's say you sell your house for $600,000. The commission fees alone will be $36,000 (split between the listing agent and the buyer's agent). That's a huge chunk of equity you're giving up.
Real estate is way more efficient than it used to be, but brokerages haven't passed their savings on to consumers. Until recently, home sellers had no real choice but to deal with this broken system.
But one brokerage is doing things differently. It's called Houwzer, and it saves people an average of $15,000 on commission fees. Houwzer's technology-driven approach leans on modern efficiencies and passes the savings on to home sellers. It's not a discount â€" it's just a fair way to sell homes.
How to Pocket Thousands More When Selling Your Home
Normally, real estate agents are hyper-focused on their commissions â€" they have to be, if they want to get paid. 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 â€" not just commissions. You pay a flat $5,000 fee (with 2.5% commission for the buyer's agent) no matter how much your home sells for.
For a $600,000 house, you'd be saving $16,000.
Even better â€" if you buy and sell via Houwzer, you'll get half the listing fee back as a rebate â€" that's $2,500 on top of all the money you've already saved. That's cash you can use toward closing costs, renovations â€" whatever.
Let Technology Be Your Home-Selling Guide
Selling your house can be both exciting and stressful, but Houwzer has figured out how to simplify the whole process and put more money into your pocket. Whether you're selling or buying a home, Houwzer has you covered with top-rated real estate agents who are local experts in your area. To make the home-buying process even less stressful, Houwzer has a one-stop-shop approach, bringing agents, a title company and mortgage advisors all under one roof.
With Houwzer's technology, you'll only need to enter your information once, and it'll handle contracts, title, taxes and more paperwork that would normally wear your hand out from too much initialing.
With an average of 4.9 out of 5 stars from over 1,000 online client reviews, Houwzer is a top brokerage of choice in its local markets. Houwzer agents sell houses an average of 20 days faster and for $4,400 more than the average home.
So if you're ready to sell your home â€" and make more money doing it â€" answer a few simple questions about your home to get started and see how much extra cash you can make on your house.
Kari Faber is a staff writer at The Penny Hoarder.Â
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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