costs to sell a house
Without doubt the single most expensive cost involved in selling your home is real estate agent fees. love them or hate them, real estate agents provide.
What is the cost of selling a house, in a nutshell? Assuming you sell your house for $248,000 (the median price for a single-family home in the U.S. in 2018) you could end up paying $41,000 in total costs. The real estate commission will be most likely the biggest fee you will pay as a seller.
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When taking on the challenge of selling your house (with or without a Realtor), most of the time it is because you have big plans for the money from the sale.. Naturally, home sellers in the Empire State will want to know, how much will it cost to sell my house in New York. So lets take a look at a practical example.
Selling a home entails a fair amount of legal paperwork, so hiring a lawyer to help you through this simplifies matters considerably. Lawyers don’t work for free, though. LocalAgentFinder puts the average cost of conveyancing between $500 and $1,000.
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14 Costs of Selling a House You Should Prepare for 1. Closing Costs – 1%-2% of Sales Price on Average. 2. The real estate agent commission. The majority of the costs of selling a home are real estate. 3. Staging – $1200 on Average. Staging a home is when you have a company put furniture.
Total costs to sell the house: $19,499 This is just shy of 10% of the total cost of the house – so the 7-10% guesstimate rule proved accurate here. Now that you’re familiar with all the costs, the first step to get you on your way is to determine your home’s value.
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