Will Selling Cost You Money in Central Texas?

Will Selling Cost You Money in Central Texas? Many homeowners list their properties without fully considering the expenses involved. Before working with an agent, it’s important to understand the fees and costs that can arise. In our latest post, we break down the expenses you can expect when selling your home in Central Texas!

Thinking about selling your house in Central Texas? There’s a lot to consider before choosing the best way to sell! Keep in mind that listing your home comes with costs—both upfront and after the sale closes. Be sure to account for these expenses when pricing your home and deciding who to work with.

Did you know it costs an average of $15,200 to sell a house in the U.S.? That’s a significant amount! However, the exact cost can vary greatly depending on your location and your home’s price.

Will Selling Cost You Money in Central Texas?

Agent Commissions – Agent commissions typically amount to around 6% of your home’s final sale price. You’ll see the exact percentage outlined in your listing agreement. While this fee isn’t paid upfront, it’s deducted from your final proceeds. Be sure to factor this in when setting your home’s price.

Agent Fees – Some agencies may charge additional fees during the selling process. For example, marketing and listing fees are sometimes passed directly to clients. Be sure to understand what’s included and what costs you’ll be responsible for before signing an agreement.

Closing Costs – Closing costs cover a variety of expenses paid at the closing table, such as transfer fees, title insurance, title search fees, recording fees, transfer taxes, appraisal fees, discount points, credit report fees, and more. On average, you can expect to pay about 2% of the final sale price in closing costs.

Taxes – When you list your home for sale, you’re responsible for property taxes, utilities, and homeowners insurance until the day of closing. If it takes a few months to sell and close, these costs can add up to thousands of dollars. That’s why selling your home sooner is always better!

Preparing Your House for The Market – Getting a house ready to sell takes time, energy, and money. You may need to make repairs, paint walls, clean carpets, and declutter personal belongings. Staging the home for potential buyers is also important, which might include purchasing new decorative items. Don’t forget the yard—tidying up and adding some landscaping can boost curb appeal and make a great first impression. Whether you tackle these tasks yourself or hire a professional, there are costs involved to prepare your home for sale.

Inspections – Although not required, many sellers choose to have their homes inspected before listing. A pre-listing inspection typically costs $200 or more. This allows you to address any issues before they appear in the buyer’s inspection, helping to avoid surprises. It can also give you more negotiating power during the sale process.

Storage and Moving – While moving isn’t technically a selling cost, it’s a big expense you’ll need to handle once the house closes (if you haven’t already). Whether you hire movers or do it yourself, moving can get pricey! Consider how far you’re moving, if you’ll need a truck, or if you’ll need to bribe friends with pizza. You should also factor in storage costs if you’re still living in the home while it’s on the market. Packing up unnecessary items early can help the house look better and make your move easier when the time comes.

Are you ready to sell your house in Central Texas? We can help! Send us a message or give our office a call today! 512-230-3469