We buy houses in Castle Shannon, Pennsylvania, and purchase cash for houses in Castle Shannon to homeowners who need to sell fast. Will the selling cost you money? Many people list their home, not taking into account what it will actually cost them. There are fees and expenses you should be aware of before you list with an agent. As seasoned homebuyers in Pennsylvania, we will let you know what costs to expect when selling a home in Castle Shannon PA here in our most recent post!
If you’ve made the decision to sell your property in Castle Shannon PA, there are several important considerations to keep in mind. One crucial factor is determining how you want to sell your house. It’s essential to be aware that listing your house comes with associated costs both upfront and upon the property’s closing. These expenses need to be taken into account when setting the price for your home and deciding which approach to take.
According to studies, the average cost of selling real estate in the US amounts to $15,200. This figure can vary significantly depending on factors such as your location and the price of your home. It’s important to recognize that this is a substantial amount of money. Understanding the potential costs involved can help you make informed decisions about the selling process and the parties you choose to work with.
Will Selling Cost You Money In Castle Shannon PA?
Agent Commissions – When selling your home, it’s important to consider that commissions usually amount to approximately 6% of the final sale price. The specific percentage will be outlined in the listing agreement you sign with your real estate agent. Although these commissions are not paid upfront, they are deducted from the amount you receive when the sale is finalized. It’s crucial to keep this in mind when determining the appropriate pricing for your home, as it directly impacts the net amount you’ll ultimately walk away with.
Agent Fees – 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 – 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.
Taxes – When you decide to list your home for sale, it’s important to be aware that you’ll be responsible for various ongoing expenses until the day of closing. This includes property taxes, utilities, and homeowner’s insurance. If it takes several months for the property to sell and close, these costs can accumulate to a significant amount, potentially totaling thousands of dollars. Therefore, it’s in your best interest to sell your home as soon as possible after making the decision, minimizing the financial burden associated with these ongoing expenses.
Preparing Your House For The Market – There is a lot of energy, time, and money that go into getting a property 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 home. You should also clean up the yard but also consider some new landscaping to bring more curb appeal to the property.
Inspections – Although not mandatory, an increasing number of sellers are opting to have their homes inspected before listing them. This pre-listing inspection typically incurs a cost of around $200 and up. However, conducting an inspection before listing offers several benefits. Firstly, it allows you to proactively address any issues with the home, preventing surprises during the buyer’s inspection. By addressing these issues beforehand, you can potentially avoid delays or complications in the selling process. Additionally, having a pre-listing inspection gives you added negotiating power, as you can confidently address any concerns raised by potential buyers. It provides a level of transparency and can contribute to a smoother and more successful selling experience.
Storage And Moving – While moving isn’t technically a cost to sell your house, 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 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 home look nicer and give you an edge when it’s time to move.
Sell My House In Castle Shannon PA
Have you decided to sell your house in Pittsburgh? There are many things to consider before you decide how to sell! Keep in mind, listing your property will cost you money both up-front and once the property closes. You must factor this in when pricing your home and deciding who you want to work with. But you can avoid these fees and expenses quickly and easily by selling your home to local Pennsylvania home buyers for cash. At Dustin Buys Houses, that’s exactly what we specialize in buying homes for cash fast.