29 Aug The Top Unexpected Costs When Selling a Home
Do you know what you will be paying to sell your home? It’s probably a higher number than you might think. On average, homeowners in the United States will spend around $18K to sell their home, according to Zillow. This number includes the transfer taxes, real estate commissions and paying for things, such as repainting, cleaning, staging and other home preparation projects.
If you’re a first-time home seller, these expenses may be a bit surprising. When it’s time to sell your home, you need to make sure you’re ready financially to make the move. Here are some of the top unexpected costs when selling your home.
Real Estate Commissions
Most often, the seller will pay the full real estate commission of 6% of the purchase price. This will be split between the seller’s agent and the buyer’s agent. The real estate commission is the largest of the unexpected costs and will run around $12K for a $200,000 home in Jacksonville. Expect to pay about $6,000 per $100,000 your home sells for.
Another expense often not considered by the seller is painting. Usually, you will need to paint the interior of the home, but in some cases, you may need to paint the exterior, as well. A new paint job can go a long way in making sure your home looks ready to be sold. Expect to spend more than $1,000 to have the interior of your home painted, depending on the size of the home, and the exterior can be significantly higher.
One of the most important things you can do before listing your home for sale is cleaning. This includes having professionals come in and do a deep cleaning of the interior, along with having your windows washed and the floors cleaned. The cost of cleaning will vary, depending on the size of your home, but expect to spend a few hundred dollars for the floors and another couple hundred for the rest of the home.
You may be able to sell your home without having it professionally staged, but a staged home often sells for a higher price and sells faster. If you plan to hire a professional stager, expect to spend at least $1,200 and the price will go up for larger homes.
You need to create as much curb appeal as possible and landscaping is a great way to make sure you do that. Hiring someone to simply mow the lawn is a start, but it’s best to have full-service landscaping done. This will cost a few hundred dollars and will help increase the curb appeal of your home.
The buyer will do their own home inspection, but as the seller, it’s best to do one before you list the home. This inspection will ensure you have all the information you need to assess any needed repairs. It will also keep you from getting blindsided when the inspection is done by the buyer.
There are several unexpected costs that go along with selling a home in Jacksonville. Make sure you speak with your real estate agent about what to expect so that you’re not taken by surprise.