Understanding the Cost of Selling Your Home

• Agent commissions: 5-6% of the sale price, split between the two agents. 
• Attorney fees, transfer taxes, and other administrative costs: 1% of the sale price
• Home repairs and inspection requests: $100-10,000. The most common repair on a home inspection report? Sticky doors that need adjusting. The second? Leaky faucets and shower heads. 

• Moving: The average cost of a local move with a two-person team is $1,400. A cross-country move will set you back $2,200-5,700. Save on moving by grabbing a few friends and DIY.
• Interior staging and exterior landscaping: 18% of sellers’ agents said staging increased a home’s value between 6-10%. Staging and landscaping will run 2% of the sale price, making both worthy of your time and money.
• Seller concessions: To sweeten the deal, you may help a buyer with inspection fees, processing fees, or other costs. Usually, no more than 2% of the sale price. 
• Home warranty: Some sellers offer buyers a warranty to cover the home leading up to closing, so the buyer knows they’re not facing repair costs as soon as they sign. A home warranty costs $300-500.

One mistake I see from sellers? Pouring money into the wrong improvements before getting an agent involved. 

If you’re thinking of selling, don’t wait to get an agent’s eyes on your home — it’ll focus your efforts and help you get every dollar out of your home. Want help? Shoot me an email at [email protected]

Source: Bankrate

Source: Forbes.com

Source: Pennsylvania Association of Realtors®