Did you know that it costs 15% of your final sale price or more to sell your home? This means that as much as $30,000 of a $200,000 sale will be used up in fees and moving costs. Here’s some insight into what these costs are and how to reduce them as much as possible to put more money in your pocket.
Common Costs Associated With Selling a Home
- Real estate agent fees – Real estate agents and Realtors charge for their services, which is understandable. While it may be slightly negotiable, this cost can be as much as 5-7% of your home’s final sale price. In Dallas, the average real estate agent fee is about 6%. This means that if your home sells for $200,000, you’ll pay $12,000 to the real estate agent.
- Property taxes, attorney fees, transfer fees – Every state has a set of fees that are applied in a real estate transaction to cover the cost of processing the sale and transferring the deed. These fees differ from state to state and depend on the value of the property, so there’s no set amount to put aside. Generally, you should expect to spend 2-4% of the final sale price on these fees. As property taxes in Dallas are some of the highest in the USA, expect to spend closer to the 4% mark.
- Repairs and improvements – These are the costs that are under your control, so it’s up to you how much you spend to make your home more attractive to potential buyers. If you are talented at DIY, then you can save a lot here. However, it is important to consider that the majority of buyers will want a home inspection performed before they make an offer, so focus on major issues that can bring the value of your home down in negotiations (roof damage, damp, leaks, old water heaters, structural issues, etc.) , and spend less time on aesthetic issues (like paint colors or the condition of your backyard) that can be quickly fixed. Of course, the sky is the limit, so you can remodel bathrooms and kitchens to create a real wow-factor – just be cautious not to overspend on your project, as most remodels don’t improve the sale price enough to be worth it. You can also stage your home professionally or by yourself, which is highly recommended for helping to sell your home quickly.
- Moving costs – Of course, your move itself will also cost money. Packing up your home yourself and hiring a truck is the cheapest way to do it, but many people prefer the peace of mind of a more costly professional move – especially if you are moving across country. A professional local move for a 4 bed home can cost as much as $1,500-$4,000, while a long distance move will cost upwards of $5,000.
How to Bring the Costs Down – Sell Your Home to Cash Home Buyers in Dallas
Our cash for homes Dallas team can bring your costs down significantly, putting more money in your pocket at the end of the day. With our process, you pay ZERO commission and you don’t need to fix, repair or stage your home in any way. We buy your home as is, for cash, in 24 hours – and our offers are market-related too, so you can expect a fair offer. There’s no faster way to sell your home quickly. Here’s how our process works:
- You enter your information on our website
- We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
- You are under no obligation to accept our offer – take your time to compare it to traditional real estate costs to see how you benefit
- You can also call us directly on 469-858-0088
Our team is compassionate and highly-motivated to offer you the best possible market-related price for your home, so you can sell your home in 24 hours. Not only does this cash go straight into your bank account as soon as the sale goes through, you also pay zero real estate agent commission.
At Shiny Key Properties, our trained consultants have years of experience in helping homeowners to get out of foreclosure or needing to sell quickly – read our testimonials to see what past clients say about our service! To find out more about our cash for homes Dallas service or to speak to our cash home buyers directly, please contact us today and speak to one of our friendly team members.