Will selling your house cost you money? Many people list their house, not taking into account what it will actually cost them. There are a lot of fees and expenses you should be aware of before you list with an agent. In our latest post, we will let you know what costs to expect when selling a home in Savannah!
Have you decided to sell your house around Savannah? There are many things you need to consider before you sell your property! Keep in mind, listing your house will cost you money both up-front and once the property closes. You must factor this in when pricing your house and deciding who you want to work with. Having said that, I bet you didn’t know that the average amount of fees involved with selling a house around Savannah is $15,200! That’s a lot of money!
Will Selling Cost You Money in Savannah?
Commissions will typically run about 6% of the final sale price of the home. You will know the agent’s cut when you sign your listing agreement. While this money isn’t paid upfront, it is deducted from the amount you walk away with. Keep this in mind when pricing your home.
Depending on the agency, there might be additional fees charged throughout the selling process. Some agents will pass on marketing and listing fees directly to their clients. Make sure you know what’s included and what you will have to pay for when all is said and done.
Closing costs include many items that are paid at the closing table. These include transfer fees, title insurance, title search fees, recording fees, transfer taxes, appraisal costs, discount points, credit report fees and more. Expect to pay about 2% of the final sale price in closing costs.
When you list your home for sale, you are responsible for the property taxes, utilities, and homeowners insurance up until the day of closing. These amounts could add up to thousands should it take a few months for the property to sell and close. Once you decide to sell, the sooner it happens, the better!
Preparing Your House for The Market
There is a lot of energy, time, and money that go into getting a house ready to sell. There are repairs to make, walls to paint and carpets to clean. You will want to remove personal belongings and stage the home for selling. Whether you work with a professional or do it on your own, you are likely to spend money on new decorative pieces in the house. You should also clean up the yard but also consider some new landscaping to bring more curb appeal to the property.
While it certainly isn’t required, more and more sellers are paying to have their home’s inspected before listing them. This will cost approximately $200 and up. By doing an inspection before you list, you will be able to address any issues with the home before they pop up in your buyer’s inspection. This will also give you negotiating power during the selling process and help streamline the house selling process.
Storage and Moving
While moving isn’t technically a selling cost, it is a large expense you will have to make once the house closes (if you haven’t done so already.) Whether you hire movers or do it yourself, moving can get expensive! How far are you going? Will you need a truck? Or pizza to bride your friends? You could end up paying between $1,250-$4,890 for your move. You will also want to consider storage costs if you are living in the home while waiting for it to sell. Packing up unnecessary items ahead of time will make the house look nicer and give you an edge when it’s time to move.
If you want to sell your Savannah house fast
We here at Cash Homes Savannah help property owners just like you, in all kinds of situations. It could be because of a divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other situations. We buy houses in Georgia including Savannah and surrounding areas and pay a fair cash price, fast. Everyone has a busy life, and sometimes you are too busy to take the time to do all of the things to prepare a house to sell on the market. If that describes you, just let us know about the property you’d like to be rid of and sell your house fast for cash.