Selling Your Home

How Much Does It Cost To Sell Your House?

So, you have decided to sell your home and move towards a different opportunity and you are wondering how much it costs to sell your house?

Unfortunately, many sellers present in the market do not realize about the money they are investing in the market to sell their house until it backlashes at them sooner or later. But you are not going to be that seller!

To sell your house and still have a good amount of money left with you, plan to make a budget for selling expenses so you won’t have to worry about making ends meet.

What’s the cost of selling a house?

According to the property agent sources, the average cost of selling a house is approx. 15% of its sale price. The cost includes various factors like agent commissions, home repairs or construction, closing costs, and moving fees.

For example, if you are selling a house for $ 300,000, you might have to pay $ 45,000 to cover the cost of selling the home. This might sound like a little too much, but the price to sell is different for each home owner in the market as the seller might skip a few selling expenses according to their personal preference.

Various costs incur while selling a house, some  are discussed below:

Real Estate Agent Commission

The most common and conventional cost of selling a house includes Real Estate Agent’s commission. When you sell a home on behalf of a property agent, you are entitled to give them a fair share of your deal.

The standard commission rate of a real estate agent is 6% of your home’s selling price, which is split between the seller’s agent and buyer’s agents. According to sources, it is beneficial to hire a property agent as they have the expertise to buy and sell a house quickly.

House Repairs

The house gets damaged or needs extensive repairs over the years. The major maintenance can be discovered through a home inspection that will search every nook and cranny for any potential issue. The typical repair cost of a home is approx. $ 4000 – 18,000 which would usually cover all the repairs that come up during the inspection.

Home Staging

Home staging is beautifying your home to make it highly irresistible for the customers. A usual home staging costs around $ 400 – $ 1800. The primary purpose of staging is to help customers visualize their future living space in their new house. Various fees are included in home staging, such as hiring a staging company, maintaining or renting furniture, improving lighting, and applying paint all over the house.

Why It’s Important to Stage Your Home

Are you considering putting your home on the market? If so, you may be wondering if it’s worth staging. After all, your home is already furnished and decorated – why do you need to go through the hassle of staging it again?

But, believe it or not, staging can make a big difference in how quickly your home sells – and how much you get for it. Here are a few reasons why staging is so necessary.

When the market is booming, the buyers are urgently moving into their new houses. This means they have to choose a place that could easily sway them through first impressions and emotions.

The house owners can use this sense of urgency to their benefit by staging their homes. You can also subtly strengthen the buyer’s connection to the house by staging according to seasons.

A well-staged home can attract multiple offers right after you list it.

You can use several ways to stage your home that ranges from hiring a professional company to producing your home. Or you can even direct it yourself by using your creativity through using your own or borrowed furniture to enhance the look of the space as much as possible.

Benefits of Staging Your Home​

1. Buyers Visualize the Space

This is one of the most compelling reasons for staging a home and the most used one. A well-staged house can help the buyers imagine or visualize the usage of each of the rooms present in the place, be it a living room or a finished basement.

According to a study conducted by the National Association of Realtors, approx. 80% of the buyers said that viewing a staged  home made  it easier for them to decide when buying their future home.

2. It Increases the Value of the House

Staging a house is an expensive thing to do, and in some cases it can cost a fortune. Although, when you calculate the benefits of staging and the probabilities of a higher offer, you can conclude that staging has the potential of increasing your property’s value.

3. Shortens Listing Time

In addition to the various perks and potential benefits, staging a house helps shorten the length of time your property lists on the market.

Staging a house is an expensive thing to do, and in some cases it can cost a fortune. Although, when you calculate the benefits of staging and the probabilities of a higher offer, you can conclude that staging has the potential of increasing your property’s value.

In addition to the various perks and potential benefits, staging a house helps shorten the length of time your property lists on the market.

Bottom Line

Even if you have stacks of cash, you should not put all your investments into the staging process. Of course, you must know about the best features of your home, but you should also have an idea of what would help in selling the home and what makes it more usable. In conclusion, if you want to get the most out of your house, the staging process should be carefully monitored.

If you are looking to sell your house and need help, send us a message using the form below!

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