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Homeowner Tips

Real Cost of Selling your Home

Q: What’s the true cost of selling a home? 
A: Roughly 10-12% of the sale price.

Here’s a DETAILED breakdown (with 2022 data):

- Agent professional fees: 6% of the sale price, split between the two agents. 
- Attorney fees, transfer taxes, and other administrative costs: 1% of the sale price
- Home repairs and inspection requests: $100-10,000. The most common repair on a home inspection report?      Sticky doors that need adjusting. The second? Leaky faucets and shower heads. 

Optional expenses:

- Moving: The average cost of a local move with a two-person team is $1,400. A cross-country move will set you back $2,200-5,700. Save on moving by grabbing a few friends and DIY.


- Interior staging and exterior landscaping: 18% of sellers’ agents said staging increased a home’s value between 6-10%. Staging and landscaping will run 2% of the sale price, making both worthy of your time and money.

- Home warranty: Some sellers offer buyers a warranty to cover the home leading up to closing, so the buyer knows they’re not facing repair costs as soon as they sign. A home warranty costs $300-500.

One mistake I see from sellers? Pouring money into the wrong improvements before getting an agent involved. 

If you’re thinking of selling, don’t wait to get an agent’s eyes on your home — it’ll focus your efforts and help you get every dollar out of your home.

Want help? Text, Email or Call me today. 

 

 

Source: https://www.bankrate.com/real-estate/how-much-does-it-cost-to-sell-house/

Source: https://www.forbes.com/home-improvement/moving-services/movers-and-packers-cost/#:~:text=The%20national%20average%20cost%20of,to%20between%20%242%2C200%20and%20%245%2C700.

Source: https://www.parealtors.org/what-are-the-most-common-repairs-that-show-up-in-home-inspections/

Source: https://www.rockethomes.com/blog/home-selling/cost-of-selling-a-house

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