Are you familiar with the true costs of selling your house in the San Antonio area? Here, we want to help you learn and understand what to expect before listing your house on the MLS, selling on your own (fsbo), or working with a direct buyer. You might be surprised at how the costs of selling can actually eat away at your profits you have built up!
Selling your house can be expensive proposition. There are a number of things to pay for both before, during, and after the sale. If these costs start to mount and grow to become particularly high, a direct sale just might be a far better choice. In our latest post, we will closely examine the true costs of selling your house in San Antonio using the three most popular and common methods. We can’t stress enough…you should compare all of your options before selling your house in San Antonio to find the one that truly works best for you and your situation!
Costs Of Listing
1. Cost of An Agent
This will vary based on the agent you choose to hire. You will typically be paying about 6% of the final sale price to the agents involved in the deal. With some agents, you will also face costs for marketing and administrative services. Other agents may offer discounted services but give little to no service when they do this. Be sure you know what’s included (and not included) before signing a listing agreement.
2. Cost of Marketing
Whether or not your agent includes marketing services in their rate, there are a few marketing costs you consider adding. For example, many sellers will hire a professional photographer to take pictures of their home. Some will utilize videographers or even drone service companies to get aerial shots of the property. You might also want to upgrade your online listings to “premium” so they show up at the top when people are browsing through houses in your area.
3. Cost of Repairs
Even new construction houses can require at least a few repairs before going on the MLS. If your house is lived in, an inspector will always find a few things that need repair. Once your buyer has been found, there will almost always be negotiations as to who makes the repairs found during the inspection. You can negotiate to either make some of these repairs or discount the sale price of the home.
4. Costs of Cleaning and Staging
Most people who are selling their home will have their homes cleaned by a pro before they put it on the market. Also, most sellers will remove personal belongings and clutter, choosing to store all unnecessary things somewhere else. Some might even hire a professional stager to come in to make the house look as if it came out of the pages of a magazine.
5. Closing Costs
In a typical home sale, the seller will need to pay about 2% of the final sale price in closing costs. This can be negotiated up or down between the buyer and seller, but 2% is typically what you can expect to pay.
6. Cost of Continuing Ownership
Listing your house with a San Antonio real estate agent can take a few months. During this time, you will still be responsible for the property taxes, utility bills, homeowners insurance, maintenance, landscaping, and possibly a mortgage. When you add up all the expenses of owning the house each month, it can amount to thousands of dollars!
Costs of An FSBO (For Sale By Owner) Listing
While trying to sell your house on your own will help you avoid commissions and agent costs, there are other costs to consider. In addition to many of the costs above, here are some additional costs to expect when selling your house in the San Antonio area.
1. Cost of Additional Marketing
When listing your house, the addition of extra marking is at your discretion. However, when you are selling on your own, 100% of the marketing is up to you. You will have to pay for all online listings, printed materials, signage, and open house costs. You will likely want a professional photographer to come in to help you present the house in the best light. You can also opt to add things such as virtual tours or videos of your property.
2. Cost of House Preparation
Getting a house ready for a sale can take a lot of work. As with a listing, there are a number of things that will need to be done before the house is advertised for sale. You will need to thoroughly clean the house from top to bottom. You should make any needed repairs, and be prepared to make more after the inspection process. Many sellers will also face storage fees for their unnecessary items, as well as the cost of a professional stager or decorator. Click here to check out our blog post dealing with getting your house ready to go on the market.
3. The Value of Your Time
When you choose to sell the property on your own via an FSBO listing, you will find yourself spending an excessive amount of time dealing with the sale. You will need to be available for showings, create listings and marketing materials, respond to questions, process paperwork, handle negotiations and more.
Costs of Selling Directly
When you opt to sell your San Antonio house to a buyer such as Capstone Homebuyers, you will be able to avoid all of the selling costs mentioned above. There are no fees, repair costs, or even closing costs. We buy directly, as-is, potentially saving you thousands of dollars along the way.