The Hidden Costs of Selling a House That Nobody Ever Tells You

Did you know that there’s much more to selling your house than just putting it up for sale? Case in point, selling fees can reach up to 10 percent of the total sale price, and sometimes, it can even go much higher.

 

There are a lot of hidden costs involved in selling a house that nobody ever tells you until you’ve signed the deal and sold your house.

 

Make sure to watch out for these possible hidden costs of selling a house so you don’t end up getting

the shock of a lifetime once you’ve turned over your beloved home.

 

1. Commission fee

Real estate agents charge a flat percentage as commission fee for selling your house. Keep in mind, your real estate agent isn’t the only one who will be taking a percentage. The buyer’s agent will also be charging a flat fee as commission as well.

 

So, for example, you’re selling a $275,000 property, you could be looking to pay as much as $16,000 to $18,000 in real estate agent commission.

 

2. Repairs, renovations, and maintenance

The best way to ensure that you sell house fast is to make sure that it looks good.

 

Between landscaping, yard work, repainting, cleaning, and making sure that the house looks good for as long as it’s not off the market, you could be spending well over a few thousand dollars until you find the right buyer.

 

3. The costs of home staging

Staging a home isn’t necessary, but it helps a lot.

 

If you don’t stage your home, you risk not selling it for as high of a price as you want and as fast as you want to.

 

The average home staging cost can run from anywhere between $600 to $800 before a buyer is found. You could probably even end up spending more as well if your house is on the market for a long time.

 

4. Inspection and appraisal

Appraisals and inspectors aren’t always paid for by the seller, but it pays to be ready just in case.

 

All in all, you could be looking at paying nearly a thousand dollars for both, and that’s not including any repair costs involved if in case the inspector finds something that needs to be taken care of first before your house is cleared.

 

5. Closing costs

Closing costs cover a lot of fees, and in total, could take up as much as 5 percent of the total contract price.

6. Mortgage payoff

Unless you’ve already fully paid off your house before selling it, you’ll have to pay off your mortgage after the sale.

 

Between the prorated interest rate and the likely prepayment penalty, you’re easily looking at a few thousand dollars worth of fees down the drain and into the pockets of the lender.

 

As you can see, there are a lot of fees involved in selling a house, which is why a lot of people have second thoughts.

 

If you would like to skip majority of the fees and most of the hassle, you can try selling with a cash buyer like us. We buy houses cash after a short negotiation period. In a matter of weeks, your house will be sold to us, and you won’t have to worry about it anymore.

We buy houses NJ without troubling you for majority of the common fees involved in house selling and zero repair costs because we buy the property as it is.

 

For nearly just as much as you’d get in total after listing your house and nearly zero the typical work involved, you can go to a cash buyer today and let them take your property off of the proverbial plate so you can go on your merry way.

 

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
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
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
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
Vishrut Patel
Vishrut Patel
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
Christopher Martino
Christopher Martino
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
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
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
Joseph Tricarico
Joseph Tricarico
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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