We Buy Houses Denton County: The Hidden Costs Of Selling A House

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Services for Real Estate Pros with Digital Bullet

The Hidden Costs Of Selling A House In Denton County

 

One of the most common yet impactful mistakes committed by the majority of house sellers in Denton County and all over the country is failing to take the time to research the costs associated with selling a house. Understandably, since you are doing the selling, reasoning dictates that you should be getting money not spending it. However, the traditional process of selling a house is much more complicated and involved than many people think. As a house seller, you have many responsibilities and obligations that require you to spend money. These are unavoidable if you want to achieve a successful sale. It is estimated that the total costs of selling a house can be up to 15% of the home's final sale price or even more. 

 

So, what are the hidden costs of selling a house?

 

House Pre-Inspection

 

Also known as a pre-listing inspection, a home pre-inspection is a comprehensive inspection ordered by the seller to uncover any maintenance and repair issues with the house before it is listed on the market. Keep in mind that the buyer will also have a professional inspect the house before proceeding with the deal meaning that any major defects with the house will be discovered. Scheduling a pre-inspection will help you avoid being caught off-guard and incurring unexpected expenses down the road.  On average, the fees for a home inspection range between $300-$400. 

 

Home Repairs and Improvements

 

When selling a house, you need to ensure it is in tip-top shape so as to attract more buyers, sell quickly, and fetch the best price possible. This means completing all the crucial repairs identified in the pre-inspection, cleaning, painting, landscaping, etc. You can expect to pay several thousand dollars to get your home all spruced up.  

 

Home Staging

 

If you want your house to sell faster and for a higher price, professional staging is something that you will definitely want to consider. Staging your home helps to present it in the best light and lets potential buyers see its true potential. Reports indicate that professionally staged homes sell 88% faster and for 20% more than unstaged homes. The average cost of staging a home is $675. 

 

Utility Costs

You will need to ensure that the house remains fully functional throughout the period it is on the market. This means that the lights should be working, there should be running water, and the HVAC system should be operating properly. Thus, you will need to settle all your monthly utility bills on time, even if you are no longer living on the property. This will add a few hundred dollars to your overall costs.

 

Closing Costs

These are the costs incurred at the end of a real estate transaction. They include title insurance, escrow fee, property taxes, transfer taxes, legal fees, and HOA fees. This can add up to 2%-5% of the final price. While these costs are supposed to be paid by the buyer, in most markets, sellers take care of these costs as a concession.

 

Real Estate Agent Commission

The real estate agent commission is perhaps the biggest expense you will incur when selling a house. On average, it ranges between 4-6% of the home's sale price and it is shared between your agent and the buyer's real estate agent. 

 

As you can see, there are many costs involved when selling a house that you may not have known about or considered. If you are planning to put your house on the market, you will need to take the time to research these costs and ensure that you are fully prepared to avoid frustrations late in the process. However, if you feel like they are too much to handle in your current financial situation or you just don't want to spend, there is a perfect solution: selling to a we buy houses Denton County investor. 

 

At Lonestar Homebuyers, we buy houses for cash and we will buy your home in whichever condition it is in. You don't have to worry about any expensive repairs or improvements. And in addition, we will handle all these costs involved so you won't have to. To get started, give us a call at (940) 300-6104.

 

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