Sometimes the costs when selling a house can really add up. Once you factor everything in, a traditional sale with a Hagerstown real estate agent often times may not be worth it. In our latest post, you can learn how to sell a house without spending any money in Hagerstown where we have helped many homeowners.
As a homeowner, you’re probably wondering what is involved in selling your house. This is common and is no problem! We can help! Before we discuss how to sell your house in Hagerstown without spending any money, lets first take a look at some of the costs home sellers may face when working with a Hagerstown real estate agent.
Typical Selling Costs
Repairs
Before a house goes on the Hagerstown MLS, there will likely be some repairs that will need to be made to the house before selling. Even the cost of small repairs can add up quickly once you break it all down. Most agents do not want to list the property if it requires repairs of any magnitude. Especially in a market as we are in now. Where things are sitting longer and prices are steadily dropping.
Upgrades
Often times, homeowners will make upgrades to their property in order to keep it competitive with other homes on the market. While some upgrades can add value, there aren’t any guarantees. Some upgrades don’t add enough value to the property to be worth it. Often times, homeowners make upgrades that they think will increase the value, but regretfully learn otherwise.
Marketing
Marketing can include many things including professional photography, drone services, premium listing placement, listings outside of what your agent provides, print materials, and much more. While some things are included in a typical listing agreement, others are not. You will want to make sure you understand your listing agreement and everything involved. To sell the property as quickly as possible, you may find yourself shelling out a little extra to make sure your property gets seen. Just make sure the things you are spending money on upfront make sense in the long run. Just like the repairs, some marketing expenses can be not worth it in the long run as well.
Listing + Agent Fees
While some agents are full service, never charging you a dime aside from commission… others are not. You may find yourself looking at separate fees for administrative costs, marketing expenses, or open house fees. Most agents won’t require to be reimbursed for these things, however, if you are looking for top of the line services, you may find yourself paying a bit extra. Again you want to dial in on what you’re exactly signing with the agent. The last thing you want is to be locked in with an agent who is not performing for you.
Commissions
The agent commissions will amount to about 6% of the final sale price on average. This is a hefty amount to part with, so if you decide to list, make sure your agent is worth their fee! In some cases, you will be able to negotiate the commission rate or find an agent who offers limited service for a flat fee.
Closing Costs
Closing costs cover things such as a title search, surveys, and loan payoffs. While buyers will pay the majority of the closing costs a seller can expect to pay anywhere from 1-3% of the final sale price in closing costs. When you work with a professional buyer such as Avery Home Solutions LLC to sell your house, the closing costs can be avoided. We typically cover all the closing costs for you so that you don’t have to worry! One less thing to think about!
Holding Costs
Plain and simple, it costs money to own a house. If the property sits on the market for any period of time, you’re still paying taxes, maintenance, insurance, mortgage possibly, or any liens on the property while you’re waiting. Over time these can add up to be a huge burden for most homeowners. Which is another reason why many home owners opt to sell to us in Hagerstown MD
How To Sell It
Sell As-Is
Selling your house as-is will save you a fortune as long as you are able to get the property in front of the right buyers. You want a buyer who can perform time and time again. Who has a track record just like ours here at Avery Home Solutions, LLC
List It
A successful listing will require many of the costs listed above. Save money by choosing a full-service agent so there are no surprises. If you choose to sell without making repairs, consider offering credit for buyers to renovate as they see fit. This means giving the buyer a discount on the property if you want.
Sell To A Professional Buyer
Working with a professional seller such as the team at Avery Home Solutions LLC will allow you to sell your house quickly and for a great price. We’ll work with you to make the process as simple as possible, making sure you don’t ever have to spend a dime. Making it a stress-free hassle free sale for you.