Will Selling Your House Cost You Money in Omaha?
Will selling your house cost you money? Many people list their house with a real estate agent, not taking into account what the actual cost will be when they actually sell their house. There are 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 Omaha Nebraska.
Have you decided to sell your house in Omaha? There are many things to consider before you decide how to sell! 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.
Studies show that the average cost to sell a house in the US is $15,200! You the real estate agents commissions to pay as well as their fees, closing costs, taxes, costs to get your house ready to sell, inspections, storage and moving costs to name a few. It can add up to thousands of dollars. That’s a lot of money! Keep in mind, that number varies widely based on where you live and the price of your home.
Will Selling Cost You Money in Omaha?
Agent Commissions – Commissions will typically run about 6 or 7% 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 up front, it is deducted from the amount you walk away with. Keep this in mind when pricing your home.
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 at least 2 to 3% of the final sale price in closing costs.
Taxes – 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 can 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.
Inspections – 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 thy pop up in your buyer’s inspection. This will also give you negotiating power during the 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 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.
You can bypass all of these inconveniences of time and money and potentially save thousands of dollars by selling to a professional home buyer. Harter Investments will buy your house fast in the Omaha area. There are NO additional costs when selling your house. In fact, we will buy your house as is, you can walk away and leave everything you do not want in the house and we will take care of everything. Give us a call at 402-939-6556 or visit us at www.harterinvestments.com.