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What are the Costs Associated with the Sale of a Property

Wednesday, February 9, 2022   /   by Capprice Kitchen

What are the Costs Associated with the Sale of a Property

After years of building equity and improving your home, you’re finally ready to sell - FANTASTIC!  You may envision getting handed a big, fat check after you sell your property – but wait, not so fast. The cost of selling property can add up quickly, so you should be prepared for the costs that are associated with it. This can be overwhelming to think about and understand, so I’m breaking down what type of expenses you might see on your closing statement when all is said and done (no scary surprises). 

  • Staging and prep fees (anywhere from a couple hundred to a couple of thousand dollars)

  • Real estate agent commissions (6%)

  • Inspections and repairs (varies)

  • Closing fees (1% – 3% of the sale price)

  • Seller concessions (2% – 6%)

  • Overlap costs (1% – 2%)

  • Moving and relocation costs (varies)

  • Mortgage payoff (varies) 

So as you can see, the costs of selling a home are much more involved than getting that money and running for the hills. All in all, you should be prepared to pay around {5 to 10%}  of the final sale price toward selling expenses. 

At first that might seem high, but if you hire a GREAT Real Estate Agent (that’s me) with a stellar marketing plan, these costs pay for themselves.

So if you’re thinking about selling your property, connect with me. As an experienced Real Estate Agent, it’s my promise to get you the best price for your property as possible. 

  selling a house

Capprice Kitchen with Pineywoods Realty

IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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