How Much Does It Cost To Sell My House?

If you’re thinking about selling your home, you’ve probably already started wondering, “How much will it cost me?” The truth is, there’s no one-size-fits-all answer. Your final costs will depend on factors like the offer you accept, if you help with your buyer’s closing costs, what repairs you decide to handle, and more. But let me break down some of the typical expenses so you can go into the process with a clearer picture.

The Big Picture: Equity to the Rescue

One thing to keep in mind is that most homeowners today have a significant amount of equity built up in their homes. That equity can offset many of the costs you’ll face when selling, leaving you with a solid profit—and in many cases, enough to put toward your next home. So while selling comes with expenses, the financial gains you’ll likely walk away with can make it well worth it.

Key Costs to Expect

Let’s go over a few common selling costs so you can understand where your money will go and where you might be able to save.

1. Closing Costs and Commission Fees

At the closing table, you’ll have your own closing costs to cover, and you might even contribute to the buyer’s. According to U.S. News Real Estate:

“Sellers can expect to pay 2% to 4% of the sale price of the home in fees and taxes on top of the agent commission. Based on the national median home sale price, this means that closing costs in 2023 for sellers are about $7,740 to $15,480.”

Your closing costs will vary based on local taxes and the commission you agree to with your agent. And don’t forget—there’s a chance you could get a credit back at closing for items like prepaid property taxes or escrow, which can help offset some of these costs.

2. Pre-Listing Inspection and Repairs

A pre-listing inspection is an optional step but can be incredibly helpful. It gives you a heads-up on any issues that could come up later in the buyer’s inspection, allowing you to address them early on and reduce the risk of price negotiations.

If you choose not to go this route, your real estate agent can still offer advice on what updates will give you the best return. This can range from suggesting paint colors to simple repairs that can help maximize your home’s appeal without overextending your budget.

3. Home Staging

As the housing market becomes more competitive, staging can be a great way to make your home stand out. Bankrate notes:

“Home sellers typically pay somewhere between $782 and $2,817 in home staging costs . . . but the price tag can vary widely.”

The good news is that not all staging requires you to rent furniture or spend a lot of money. Your agent can guide you on simple ways to declutter or rearrange what you already have to make your home look its best.

Why Working with an Agent Is a Smart Investment

Sure, some of these costs are optional—but don’t make the mistake of thinking you can skip the most important one: hiring a great real estate agent. A seasoned agent is your secret weapon. Not only can they help with things like staging, pricing, and preparing your home, but their expert marketing and negotiation skills can often lead to a higher sale price.

A top agent will know exactly what buyers are looking for in your area, what repairs or updates are truly necessary, and how to position your home to sell quickly and for top dollar. In other words, their expertise can easily make up for the cost of their commission.

Bottom Line

Selling your home comes with some costs, but your equity can often cover these expenses and still leave you in a great financial position. Let’s chat so I can walk you through what to expect and help you prepare your home for a successful sale. Together, we’ll make sure you’re ready to maximize your return while keeping expenses in check. realtor, best agent, real estate, Southlake, Keller, Haslet, home buyer, home seller, home value, Trophy Club, Fort Worth, new home, house, home selling, seller tips, 4wheeltorhomes, 4wheeltor, Crystal Zschirnt, Westlake, Roanoke, Justin, Northlake, Flower Mound, Argyle, Texas

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