Listing your home isn’t free. Getting your home ready for the market involves fees, duties, and a lot of effort. Consider how much time, effort, and money you put into your home before you list it on the market. If you have a direct buyer, with a great offer, it is often preferred over the hassle and out-of-pocket costs of listing. What it REALLY costs to sell your home in Raleigh?
Commissions, Staging & Yard Work, Oh My!
First thing is first. The entire house must be cleaned from top to bottom. Windows should be cleaned inside and out, as well as grout and tile, baseboards and molding, and any other areas that are difficult to reach, such as window sills and ceiling fans. If you have pets, pay special attention to pet hair and odors. While it is possible to clean on your own, you will not be able to do so with the accuracy and efficiency of a pro. In addition, keeping the home clean for showings, open houses and surprise visitors can consume a significant amount of time and energy.
Never, ever, ever neglect the yard when selling your home. You will want to make sure your yard has an attractive curb appeal and isn’t overgrown or overrun with weeds. You can do this yourself, much like the cleaning, but be prepared to put in some effort. You will want to:
- Trim back trees and bushes.
- Weed the lawn and open areas.
- Plant flowers and appropriate plants.
- Fix anything in need of repair.
- Add fresh paint to outdoor trim, mailbox, door, etc.
- Make the exterior areas more inviting by adding chairs and other staging elements
The backyard should be warm, inviting, and well-manicured. The front yard is your first impression, make it a good one!
Storage & Moving
Even if you are still living in the home, once you put it on the market, it is smart to get some of your personal items packed and stored, ready for your move. Having your personal items around the home can make it feel cluttered and turn off potential buyers. You’ll need a place to store your belongings while your house is on the market. This might require storage offsite. You will likely be paying rent in addition to your mortgage if you are staying elsewhere temporarily until your house sells. (And don’t forget, two sets of utility bills.)
Once your house does sell, there are the costs of moving. Will you have movers help? Will you do all the packing yourself? Will you need a truck? These are all costs to consider and factor into your budget.
Listing Fees, Agent Fees, Administrative Fees, and Notary Charges
Working with an agent also brings a plethora of fees and charges you may not be prepared for. (These charges are IN ADDITION to the commission, which we talk about below.) Agents will pass on a number of fees to you for marketing, listing, and administrative tasks such as clerical work and printing. You will face costs for notarization and other small charges that add up fast.
This is the biggie. Selling your home through an agent entitles them to a commission. Think 6% of your sale price. This can be more or less, but 6% is a good estimation. When you are calculating your asking price, make sure you factor in commissions as well as the other charges listed above.