How Much Does It Really Cost to Sell a House?

According to Keeping Current Matters, if you're considering selling your home, you're probably wondering about the costs involved. The final amount depends on various factors like the offer you accept, potential repairs, and if you cover any buyer's closing costs. Here’s a breakdown of key expenses to be aware of when selling your home.

Typical Home Selling Costs to Expect

While the cost to sell can seem high, it’s essential to remember that many homeowners have built up significant equity. That means the proceeds from the sale often cover these expenses, leaving you with a healthy profit to put toward your next home.

1. Closing Costs and Agent Commission
Closing costs for sellers generally fall between 2% to 4% of the home’s sale price, on top of the agent commission. For a home selling at the national median price, this could translate to costs ranging from $7,740 to $15,480.

2. Pre-Listing Inspections and Repairs
A pre-listing inspection, while optional, can help you anticipate issues buyers might find during their inspections. By tackling repairs early, you may avoid future concessions and help your home stand out to potential buyers.

3. Home Staging Costs
Staging your home can be an effective way to attract buyers, especially in a competitive market. According to Bankrate, staging typically costs between $782 and $2,817, but the benefits can outweigh the investment by making your home more appealing.

4. Leaning on a Real Estate Agent
While you might be tempted to cut costs, skipping out on hiring a professional agent can cost you more in the long run. A skilled real estate agent helps you with pricing strategies, marketing, and negotiating the best possible deal. Plus, they provide expert advice on whether repairs, staging, or inspections are worth it.

Selling your home comes with some costs, but with the right strategy, you can quickly recoup those expenses. 

Source: Keeping Current Matters

For a clear idea of what to expect when selling, consult Jason Buttorf. He's help you maximize your profit and achieve your real estate goals.