If you’re selling your home, you’d probably be tempted to sign with an agent. You should run some numbers before listing your home. Most of the time, a direct sell is a more lucrative choice.
This blog post will share the unspoken charges of listing with an agent (they don’t want you to know). Before signing a listing agreement that binds you to an agent, educate yourself on all scenarios. Keep reading to learn more.
Agent Listing’s Cost, Fees & Charges
These breakdowns can help homeowners consider the real return they might get when selling their property. The following points are present in most agents listing contracts or taking part of your seller responsibilities, such as repair, maintenance, & monthly bills, for example. Take a look and evaluate if you’re getting what you deserve for your property.
Commissions
Commissions – 6%+ of the final sale price.
Commissions fee percentage varies; they’re usually around 6 % and up and are unavoidable. In addition to commissions, agents will often have administrative agent & notary fees. Many people don’t even realize they agree when signing a contract with an agent.
Appraisals
Appraisals – A few hundred dollars.
Appraisals are mostly a buyer’s responsibility. If a buyer works with a lender, the lender will request a formal appraisal before signing any loan. Appraisal costs can be negotiated and transferred to the seller.
We recommend keeping a copy of any appraisal for your records. You can use them as a reference during negotiations.
Cleaning
Cleaning – $0 to a few hundred.
Selling your home through an agent implies continuous maintenance & upkeep charges. The more your property stays in the market, the lower the profit you’ll make from the sale. Open houses, surprise showings, & people stopping by to see the home will require a tidy & clean homw 24/7. If you cannot do it yourself, you can expect $100.00 and up per cleaning.
Staging
Staging – A few hundred.
Getting a “Magazin look” for your home can increase the chances of selling it faster. However, these decorations represent an investment that doesn’t always achieve its purpose. Realtors can offer “Staging” benefits on your contract, but actually, they pass them down to you once the deal is closed.
Repairs
Repairs – Varies.
Repairs can take a significant amount of money out of our pockets, even before selling your property. If you cannot perform the repairs, an agent might try to convince you to subtract the repair cost from the home sale. Agreeing to this place you in a vulnerable position; the repair cost usually exceeds your expectations, reducing your revenue.
Utility Bills
Varies (Can be hundreds or even thousands!)
To sell your home with an agent, you must keep your utilities. When you list, there is no way of knowing how long will it take for your home to sell. That means dealing with monthly bills & taxes. Even if you move out, you must deal with duplicated costs until closing.
Sell Your House Fast To Avoid Unnecessary Fees & Charges
Selling your home can be a daunting task full of challenges, expenses, & frequently unfulfilled expectations. Fortunately, you can sell your property fast for cash with Easy Sale Home Buyers.
If you’re trying to “sell my house fast” you can turn to cash home buyers like us. Our company can buy your home in its current state & at the best rate in the market: no repair, no maintenance, or extra charges.
At Easy Sale Home Buyers, we buy houses in Raleigh. we understand that selling your home is not an easy decision. However, keeping your home on the market is even more complicated. Avoid numerous charges & fees by selling your home as soon as needed. Get in contact with us to start a friendly negotiation.