The Cost of Selling Your Home
The Cost of Selling Your Home
This week, I want to discuss something that's on every home seller's mind: the cost of selling your home. Understanding these costs upfront can help you plan and maximize your profitability when it comes time to sell. While every home sale is different, I'm here to give you a rough estimate based on the average sales price of homes today—around the mid-$400,000s.
Breakdown of Home Selling Costs
Selling your home involves several expenses. Here’s a quick rundown of what to expect in 2025:
Agent Commission Fees: Both the listing agent and the buyer’s agent expect to be compensated. The current average commission is around 3%, but this can vary depending on negotiations.
Home Repairs & Preparations: Before listing your home, you’ll want to ensure it’s in great shape. Painting, small repairs, and other touch-ups typically cost around $10,000.
Closing Costs: Expect to pay approximately $8,000 in closing costs.
Buyer Concessions: After the home inspection, you may need to offer concessions to the buyer, averaging around $7,800.
Moving Expenses: Packing and relocating isn’t free! Budget around $3,500 for moving costs.
Marketing Costs: To attract potential buyers, effective marketing is key. I personally cover $2,500 to ensure your home is advertised properly.
Home Staging: Staging helps present your home in the best possible light, making it more appealing to buyers. This usually costs about $2,500, and I take care of this as part of my services.
Total Estimated Costs: $60,000
Yes, selling a home comes with significant expenses, but investing in the right areas ensures you get top dollar for your property in today's market.
Let’s Maximize Your Profitability
If you’re thinking about selling, let’s connect! I can help you navigate these costs strategically so you can make the most money possible on your sale. Together, we’ll ensure that every dollar spent works toward maximizing your return.
Ready to get started? Let’s talk today!
Raegan Thorp
Raegan Thorp Raegan Thorp Real Estate Group
📧 raegan@rtrg.homes
📧 info@rtrg.homes
🌐 www.RaeganThorp.com
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