Selling your house on the MLS with a Realtor isn’t cheap. Don’t worry, you have other options! More people today are opting for a direct sale instead of hiring an agent. Read on to find out what listing your Louisville house is really costing you!
Frankly, not every house does well on the MLS. Some properties will require major repairs or updates, along with dedicated time and effort in order to sell. Some studies have shown that it costs sellers over $15,000 to sell their house with an agent! Before you choose to hire a Louisville real estate agent, make sure you understand what it is really going to cost you to sell your house.
Agent commissions are typically around 6% of the final sale price. Sometimes this fee is worth it, but remember, this amount will be taken from your final sale price at the closing table. Just like that, you’ll be out thousands of dollars, and the more expensive your house is, the more you’ll lose paying an agent!
You might be faced with administrative costs, such as reimbursements for things like flyers, listing fees, and open house catering. Every agent is different. Before you sign a listing agreement, make sure you are aware of everything it covers. Agents should hold up their end of the bargain as well.
It’s always recommended that you have your [market_ city] house professionally cleaned before putting it up for sale. If you are not replacing the carpets, you will want those professionally cleaned too. You will need to keep the house clean while the home is listed as well, as often times last minute showings are scheduled, so make sure you have a reliable cleaner.
Staging & Storage
Hopefully you will have lots of people coming to see your house. Usually this is arranged with your agent so showings occur when you are at work or away from the home during the day. With so many people in and out of the house, many sellers will opt to get a head start on packing up their personal items and putting them in storage until the house sells. By keeping only your bare necessities in the house, it won’t ever appear messy or cluttered. You can also opt to have a professional come in and stage the house to add some extra flair. Staging is especially important if you no longer live there or have a higher priced house.
Repairs And Updates
Depending on the current condition of the house, these expenses could be small or cost you thousands. Most homeowners have learned the hard way that when you find one thing that needs repaired, it can often lead to many more unforeseen repairs. Once your potential buyer has their home inspection done, they will likely want to negotiate repairs with you as well. You are under no obligation to make all of the repairs, but if you really want to sell the house, you should consider fixing some of their requests.
If your house is way out of date compared to other properties on the market, you will want to update some things to make it more appealing to today’s buyers. You can have a big impact with small improvements such as new flooring, painting, and lighting fixtures. As with the repairs, these costs can snowball too. There might be a few trips needed to Home Depot or Lowe’s in your future! If you’re not the handy type, hire a professional to get the job done right the first time.
Before listing, you should clean up the lawn, refresh any mulch beds, and possibly have your trees and bushes trimmed. All of this adds to the curb appeal and overall appearance of the house. After all, if buyers don’t like what they see from the outside, they’ll be less likely to go inside!
You’ll need to keep up with the lawn care while it is listed by regularly mowing, trimming, and weeding. Depending on your neighborhood and available time, you might hire a professional landscaping company to keep things looking good while the house is for sale.
Like it or not, every day that you continue to own the property, it costs you money. This is why flippers aim to sell as quickly as possible, as holding costs can really eat into their profits. You will have to pay monthly utilities, taxes, insurance, mortgage expenses, and costs for monthly maintenance until the house sells. When you consider all the little things your house needs over time, the bills add up quickly.
As you can see, the costs to sell a Louisville house using an agent can add up quickly. Some properties will cost more than others to prepare for sale on the MLS. In order to save time and money, you can choose to sell your Louisville house to Louisville House Buyers LLC. We do not require you do any repairs, nor do we charge you any commissions. Before you call an agent, find out what we can do for you!