Do you know about the costs of selling your home in the San Antonio area? Discover what to expect before placing your home on the MLS, selling by yourself, or working with a direct buyer. You might be surprised at how the costs of selling can eat away at your profits!
Selling your home can be expensive. There are a number of things to pay for both before and after the sale. If these costs are especially high, an immediate sale will be a far better choice. Within our most recent article, we’ll dive into the costs of selling your San Antonio house using the three most popular methods. Compare all your choices before selling your house in San Antonio!
Costs Of Listing
This will vary based on the agent you decide to employ. You may generally be paying about 6% of the final sale price to the agents involved in the deal. With some agents, you will also face costs for administrative and marketing services. Make certain that you know what’s included before signing a listing agreement.
Whether or not your agent includes marketing services in their rate, there are a few marketing costs you should consider adding. For example, a number of sellers will hire a professional photographer to shoot pictures of their property. Some will utilize videographers or even drone service businesses to get aerial shots of the property. You may also wish to upgrade your internet listings to “premium” so that they appear at the top when people are browsing through homes in your area.
Most homes will need at least a few repairs before going on the MLS. After a buyer has been found, there’ll probably be discussions as to who makes the repairs discovered during the inspection. You can negotiate to either make some of those repairs or discount the sale price of the house.
Cleaning And Staging Costs
Most sellers will have their houses professionally cleaned before placing it on the market. Many will remove personal possessions and clutter, keeping all unnecessary things elsewhere. Some will hire a professional stager to come in to make the house look as though it came out of the pages of a magazine.
In a typical home sale, the seller will have to pay approximately 2% of the final sale price in closing costs. This can be negotiated down or up between the buyer and seller, but 2% is generally what you may expect to pay.
Continued Ownership Costs
Listing your home using a San Antonio real estate agent can take a few months. In this time period, you will continue to be responsible for the property taxes, utility bills, homeowners insurance, maintenance, landscaping, and a mortgage. When you add up all the expenses of owning the house each month, it can amount to thousands of dollars!
Costs of An FSBO (For Sale By Owner) Listing
While trying to sell your house on your own will help you avoid commissions and agent expenses, there are other expenses to take into account. In addition to many of the costs above, here are some extra costs to expect when selling your home in the San Antonio area.
Heightened Marketing Costs
When listing your property, the addition of extra marketing is at your own discretion. But when you’re selling by yourself, 100% of the marketing is your decision. You will likely want a professional photographer to come in to help you present the home in the best light. You might even decide to add things like virtual tours or videos of your property. You might even opt to add things like virtual tours or videos of your property.
House Preparation Costs
Getting a house ready for a sale can take a great deal of work. As with a listing, there are a range of things which will have to be performed before the house is advertised for sale. You will have to thoroughly clean the house from top to bottom. You should make any needed repairs, and be ready to make more following the inspection process. Many sellers will even face storage charges due to their unnecessary items, in addition to the cost of a professional stager or company.
The Price Of Your Time
When you decide to sell the property on your own through a FSBO listing, you’ll end up spending an excessive amount of time dealing with the sale. You’ll have to be accessible for showings, create listings and advertising and marketing materials, respond to questions, process paperwork, handle negotiations and more.
Costs of Selling Directly
When you opt to market your San Antonio house to a buyer such as Lone Star Real Estate Solutions LLC, you’ll be able to avoid all of the selling costs mentioned previously. There are no fees, repair costs, or even closing costs. We buy directly, as-is, possibly saving you thousands of dollars along the way.