You should not rush into hiring a real estate agent when you want to sell your house in College Station, instead you should learn about all your options and do some calculations. There are many costs of listing with an agent, sometimes a direct sell is a more lucrative choice. Educate yourself on all scenarios before you sign a listing agreement that binds you to an agent!
Here are just a few of the costs you might encounter when listing with an agent:
Commissions – 6%+ of the final sale price
When you sell your property through an agent, you have to pay full commission to the agent, which is around 6% of the sale. Apart from commissions, agents also charge administrative fees, agent fees, and notary fees which you must pay as well.
Inspections – At least a few hundred dollars
Inspection is typically part of the closing costs and a buyer will pay for it. However, as a negotiation tactic, more sellers have agreed to pay this cost themselves. After the inspection is done, the needed repairs are negotiated between the buyer and the seller.
Appraisals – A few hundred dollars
Appraisals are often the responsibility of a buyer. If the buyer uses a lender, the lender may require that the house is appraised before the deal is completed. In this case, the cost of an appraisal is negotiable, and the seller will have to pay for it.
Using negotiation tactics, a seller can sometimes have the appraisal done on their own. Make sure you keep a copy if any appraisal is done on your property. This is for your own records.
Cleaning – $0 to a few hundred
You have to keep your house spotless when you decide to sell it. It has to be clean 24/7 because of surprise showings, open houses, and people stopping by to see the home. If you are a very busy person, it may be difficult to keep up with this, so you can consider hiring someone to do the job. Depending on the size of your home and the level of cleaning done, the price for cleaning varies. You can expect $100 and up per cleaning.
Staging – $0 to a few hundred
It’s good if you have your home decorated with new hand towels, candles, brightly colored throw pillows, and selectively placed houseplants. But not everyone finds it easy to give the home a “straight out of a catalog” look. Doing this does not have to be expensive. There are some great ways to DIY or find deals at a big box store. No matter what you do, make sure you keep your space tidy and pulled together. Have a friend help you or consult Pinterest if you know interior decorating isn’t your strong point. A few small pieces will bring a room together and make it really feel like a home.
Repairs – Varies
As mentioned above, repairs will need to be negotiated between a buyer and a seller. It is best to let your potential buyers know if you are already aware of any repairs, and that the costs have already been calculated into your asking price. Make the buyer feel secure about buying your home by discussing repairs with them and offering them credit for it. If new repairs come to light after an inspection, they will need to be taken care of and have the terms agreed upon before the sale becomes final.
Bills While The Home Is On The Market – Varies (Can be hundreds or even thousands!)
Even if you have moved out of your house while it’s on the market, you still have to keep the utilities on and pay property taxes and homeowners insurance until you finally sell the house. This can take months. The bills can add up quickly if your house stays on the market for a long period of time (just as many do).
There is an easier way to sell your College Station home that won’t cost you a dime in commissions or fees! Shoot us a message here, or give our office a call to find out more! (979) 431-1663