5 Costs To Expect With A Traditional Sale of Your House

Costs To Expect With A Traditional SaleThere are a number of costs to expect with a traditional sale of your house. Find out if working with an agent is really the right choice for your situation and property in our latest post!

When selling your house, going with a real estate agent isn’t always worth it. You may find that an alternative method is a better option after factoring in the costs, time, and effort required on your part. Below, we list five major expenses to expect if you choose to sell your house in the traditional way.

Repairs

When selling your house with a realtor, you will likely have to complete some repairs. The minor things that need touching up can add up quickly, and if your house needs major repairs, the costs will obviously grow much higher. After the property is listed and an offer is eventually made, your potential buyer will pay to have an inspection done for the property. If all checks out, great! However, many times the buyer will come back with newly discovered repair costs that they will request credit for, or request that you fix the item before the property closes.

Professional Cleaning

Making a great first impression is important when putting your house on the MLS. Even for a well-maintained house, this may require the services of cleaning professionals to come in and clean everything indoors and out. Even if you aren’t in a situation where you need to hire a professional cleaning company, you will need to tend to them yourself which requires your valuable time.

Marketing Fees

Each real estate agent varies with the level of marketing they provide. While some provide all-inclusive marketing plans at no costs, others will supply only the basics. For example, some houses are staged with professional photos to make spaces look larger than they are. Then others are listed with photos taken by a cell phone camera, highlighting unmade beds and laundry on the floor. Top-of-the-line listings that attract the most attention will likely cost a bit more in the long run. If you do decide to list your house, make sure you know exactly what’s included in the costs. Between exclusive listings, signage, and print materials, you could be left with more expenses than you planned for.

Commissions

Working with a real estate agent can be worth it in some cases. However, 6% of the final sale price can be a large sum to pay, and for other properties, isn’t worth the cost. If you decide to work with an agent, make sure they will be able to get enough money for the high cost to make sense. Be sure to run the numbers before signing a listing agreement with a real estate agent. For some homeowners, a direct sale can be a better choice for the sale of their unwanted house.

Closing Costs

A home seller will likely spend 1-3% of their final sale price in closing costs when selling with a real estate agent. Things like recording fees, settlement fees, title search fees, surveys, and pre-payment penalties are all paid at the closing table. Many of these costs can be eliminated when working with U.S. Direct Home Buyers.

Learn more about the costs to expect with a traditional sale of your house. Contact us today for more information! (888) 284-9001

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