When deciding whether to sell your home, it’s important to understand how much money you’ll make. Knowing how much it costs to sell a house can help you decide if the move is the right financial decision for you.
Deciding on a price for a home is complicated, after all, setting too high a price may lead to your home sitting on the market.
90% of sellers were assisted by a real estate agent when selling their homes.
Read on for an easy guide on how to calculate the average cost to sell a house in your area.
Cost to Sell a House: Marketing and Advertising Your Home
The cost of marketing and advertising your home can vary depending on the type of advertising you choose and the geographical location of your home. Typically, real estate agents will charge a fee of around 6% of the final sale price of your home to advertise and market your home effectively. For example, if your home sells for $300,000, you can expect to pay $18,000 in real estate agent fees.
However, this is just a general guideline, and you should discuss the specific details of advertising and marketing your home with your real estate agent. They can help in creating a home selling checklist to prepare for your expenses. You can learn more on johnbuyshousesohio.com for the step-by-step process of how to sell a house.
A home inspection is an examination of the physical structure and systems of a home, from the roof to the foundation. They’re performed by a professional home inspector, and they usually take a couple of hours to complete. The average cost of a home inspection is $300.
However, the cost can vary depending on the size and age of the home, as well as the location.
Home Repairs and Improvements
The average person spends about 10% of their home’s sale price on repairs and improvements before selling, according to a study by the National Association of Realtors. The most common repairs and improvements include painting, deck repair or replacement, and new carpeting. These are considered cosmetic improvements that can make your home more attractive to buyers and help you get top dollar for your home.
More extensive repairs, such as foundation work or major kitchen or bathroom renovations, can add to the cost of selling your home but may be worth it if they help you sell your home faster or for a higher price.
Home Staging Services
Home staging is the process of preparing your home for sale, and it can be a great way to increase the final sale price of your home. On average, home staging services can cost around 1-3% of the final sale price of your home. So, if you’re selling a house for $200,000, you can expect to pay around $2,000-$6,000 for home staging services.
Spend Money to Sell at a Higher Price
The cost to sell a house depends on many factors such as location, size, age, and condition of the home. However, the average cost to sell a house is about 6% of the home’s final sale price. This guide provides a brief overview of the average home selling fees and how these costs can increase the value of our property.
Keep reading our blog for more helpful tips and advice.