The Hidden Costs of Home Selling That Nobody Ever Tells You

Did you know that there’s more to selling a house than the listed price? You might not know about this, unless you’ve sold a home before, but there are many fees involved to selling a house.

From selling fees, to commissions, renovations, repairs, staging, and more, selling a house can cost you a lot more money than you might expect.

Below are some of the most surprising costs of selling a house that no one really tells you about.

1.     Home repairs and maintenance

The best way to sell your house for the highest price possible is to repair both structural and cosmetic problems, as well as to make all the necessary small repairs so that the house looks like it’s brand new.

From replacing the carpets, to power washing the pavements, walls, and windows, to having the house cleaned, as well as replacing cabinets, and more, you can expect to spend hundreds if not thousands of dollars making your house smell and look like brand new before you even think about putting it up for sale.

2.     Landscaping

This is the type of cost that most home sellers don’t really think about when they first consider putting their house up for sale.

Because they most likely will no longer be living there, their lawns and backyard will need some looking after. That’s where landscapers, and the subsequent costs of hiring them, come in.

3.     Staging and utility

It’s easier to sell a home when it’s barebones and designed to look completely neutral than when you live there. Unfortunately, staging is another cost you have to worry about, and can set you back upwards of $700 on average.

Also, while you’re house is put up for sale, you’ll have to worry about paying for utilities as well, which can add to your expenses.

4.     Fees for home inspections and home appraisal

While home appraisals are usually paid for by the buyers or lenders, you might as well consider adding it to your possible list of expenses just in case.

The sure thing that you’ll have to pay for is the home inspectors. The seller is usually the one to shoulder the costs of paying for a home inspector to check out the property and see if there’s anything wrong with it structurally, and if it meets any state standards.

5.     Real estate agent commission

This is arguably the biggest selling expense, and is usually set at about 6 percent of the total sale price. Although you can bypass paying this by selling the house yourself, you’ll be missing out on a lot of opportunities by doing so. In particular, your property won’t be listed on the MLS, and real estate agents will have less incentive to push the property to their clients because they know they won’t be getting any commission out of it.

6.     Closing fees

This is a laundry list of all the costs included in closing the deal, which can include and is not limited to: property taxes, transfer taxes, escrow fees, and numerous other legal fees.

The good news is that majority of the closing costs is usually shouldered by the buyer.

There are other costs to worry about as well, especially if your property is still under mortgage.

With that said, it really is important to take the time to do your research before selling your house to see if it’s financially worth it. Of course, if you want to sell your house as-is, it is possible. You can either put it up for sale yourself, or you can go to a cash buyer, who will take care of everything and will pay you for your house by cash.

 

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Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
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Vichai Soysouvanh
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Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
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Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
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23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
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14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
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I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
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19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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