There are a number of costs to expect with a traditional sale of your Fort Wayne home. Find out if working with an agent is really the right choice for your situation and property in our latest post!
Sometimes it isn’t worth it to work with a real estate agent in Fort Wayne to sell your house. You may find that a different method of selling is better for you after you factor in the costs, time, and effort required. Below, we list five major costs you should be prepared for if you choose to sell your house in the traditional way.
Repairs
The first cost to expect with a traditional sale of your Fort Wayne home is that you will be doing some repairs. You most likely will be doing something to satisfy your buyer, whether big or small. The small things in your house that need touching up can add up fast. Costs can grow much higher if your home needs major repairs . Once the house is listed and an offer is eventually made and accepted, your potential buyer will most likely pay to have an inspection done for the property. If all checks out, great! However, many times the inspector finds things the buyer would like repaired or fixed, or ask that you credit them for the amount of the repair before the property closes.
Professional Cleaning
The second cost to expect with a traditional sale of your Fort Wayne home is that it needs to be sparkling clean. When putting your house on the MLS in Fort Wayne, you’ll want to put your best foot forward. This may require the services of a professional cleaning crew, even for the cleanest people out there! Maybe you need to hire people to come power wash the outside or roof, rejuvenate stained floor grout, or clean carpets. Ok, so you’re going to do it yourself? You may save money, but these things take a lot of time to accomplish. That in of itself is very valuable.
Marketing Fees
The third cost to expect with a traditional sale of your Fort Wayne home. Marketing fees. The level of marketing provided by a real estate agent in Fort Wayne will vary. While some companies will provide comprehensive marketing plans at no costs, others will supply just the basics. You’ve seen the different types of listings. Some houses are staged with professional photos to make spaces look larger than they are. There are listings with photos taken by a cell phone camera, highlighting unmade beds and laundry on the floor. It will likely cost you a bit more in the long run to have a top-of-the-line listing that will get the most attention. Make sure you know exactly w hat’s included if you do decide to list your house in Fort Wayne. Between exclusive listings, signage, and print materials, you could be looking at many expenses you hadn’t planned for.
Commissions
The fourth cost to expect with a traditional sale of your Fort Wayne home is commission fees. In some cases, working with a Fort Wayne real estate agent can be great, making their 6% commission fee well worth it. Sometimes however, paying this amount in orer to sell your house isn’t worth it. Six percent of your final sale price can be a large sum of money. If you’re going to pay this amount, it needs to make sense. Before signing a listing agreement with a Fort Wayne real estate agent, crunch some numbers. For some Fort Wayne homeowners, a direct sale can be a better choice for the sale of their unwanted house.
Closing Costs
The fifth and final cost to expect with a traditional sale of your Fort Wayne home are closing costs. When selling with a real estate agent, a home seller in Fort Wayne will likely spend 1-3% of their final sale price in closing costs. Items such as recording fees, settlement fees, title search fees, surveys, and pre-payment penalties are all paid at the closing table. Many buyers also ask that you help with their closing costs as well. A numerous amount of these costs can be eliminated when working with Sky Line Properties LLC.