Selling to TLC Home and Land vs. Listing With a Real Estate Agent
| Selling w/ an agent | Sold to TLC Home and Land | |
|---|---|---|
| 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 | No bank financing contingency. We complete a short due diligence review before closing. |
| 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 | Typically, one brief walkthrough during due diligence |
| Closing Date | 30-60 +/- Days after accepting offer | Closing on your timeline |
| Who Pays For Repairs | Negotiated during inspection period | None – We pay for all repairs |
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* With the help of an inspection contingency, the buyer gets the required time for inspecting the property and can back out or renegotiate the deal if any repairs need to be done. If the seller doesn’t agree with the buyer, the buyer has the right back out of the sale.
In some cases, we may complete a brief property walkthrough during our due diligence period to verify property details before closing.
* A financing contingency provides space to the buyer, which enables them to back out of the deal if they fail to secure finance for the deal, or there is no appraisal of the property value as required by the bank for the closure of the loan.
Here at TLC Home and Land we don’t rely on bank financing, so you don’t have to worry about loan approvals delaying or cancelling the sale.
