Do you know about the costs of selling your home from the San Antonio area? Discover what to expect before putting your home on the MLS, selling by yourself, or working with a direct buyer. You might be amazed by the way the costs of selling can eat away at your profits!
Selling your house can be costly. There are a range of things to pay for both before and after the purchase. If these costs are especially high, an immediate sale will be a much better choice. Within our most recent post, we will dive into the costs of selling your San Antonio house using the three most well-known methods. Compare all your options before selling your house in San Antonio!
Costs Of Listing
Agent Costs
This will vary dependent on the broker you choose to employ. You will generally be paying about 6% of the final sale price to the agents involved in the offer. With some agents, you’ll also face costs for administrative and marketing services. Be sure that you know what’s contained before signing a listing agreement.
Marketing Costs
Whether or not your agent includes marketing services at their own rate, there are a couple of marketing costs you should consider incorporating. As an example, many sellers will employ a professional photographer to take pictures of their property. Some will use videographers or drone support companies to acquire aerial shots of their property. You may also wish to upgrade your internet listings to “premium” so they appear at the top when people are browsing through houses in your area.
Repair Costs
Most houses will need at least a couple repairs prior to going on the MLS. After a buyer has been found, there’ll probably be discussions regarding who gets the repairs found during the inspection. You are able to negotiate to make some of these repairs or discount the selling price of the home.
Cleaning And Staging Costs
Most sellers will have their houses professionally cleaned before putting it on the market. Many will eliminate personal possessions and clutter, keeping all unnecessary things elsewhere. Some may hire a professional stager to come in to make the house look as if it came out of the pages of a magazine.
Closing Costs
In a normal home sale, the vendor will need to cover about 2 percent of the final sale price in closing costs. This can be negotiated up or down between the buyer and seller, but 2 percent is typically what you may expect to pay.
Continued Ownership Costs
Listing your house with a San Antonio real estate agent can take several months. In this time, you will continue to be responsible for the property taxes, utility bills, homeowners insurance, maintenance, landscaping, and possibly a mortgage. If you add up all the costs of owning the house each month, it could 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 costs, there are other costs to consider. In addition to many of the costs above, here are some additional costs to expect when selling your house in the San Antonio area.
Heightened Marketing Costs
When listing your house, the addition of extra marketing is at your own discretion. However, when you are selling by yourself, 100% of the advertising is your decision. You will need to cover all online listings, printed materials, signage, and open house expenses. You will probably want a professional photographer to come in to help you present the home in the best light. You might also decide to add things such as virtual tours or videos of your property.
House Preparation Costs
Getting a house ready for a sale can take a lot of work. As with a listing, there are a range of things which will have to get done before the home is advertised for sale. You’ll have to thoroughly clean the house from top to bottom. You should make any needed repairs, and be prepared to make more after the review process. Many sellers will also face storage fees due to their unnecessary things, in addition to the cost of a professional stager or decorator.
The Price Of Your Time
When you choose to sell the property by yourself via an FSBO listing, you will end up spending an excessive amount of time dealing with the sale. You will need to be available for showings, produce listings and marketing materials, react to queries, process paperwork, handle negotiations and more.
Costs of Selling Directly
None
When you choose to sell your San Antonio home to a buyer such as Lone Star Real Estate Solutions LLC, you will be able to prevent all the selling costs mentioned previously. There are no fees, repair costs, as well as closing costs. We buy direct, as-is, potentially saving you several thousand dollars along the way.