There are several costs to expect with a traditional sale of your house. Find out if working with an agent is really the right choice for your situation and property in our latest post!
Working with a real estate agent in Greater Cincinnati Area to sell your house isn’t always worth it. When you factor in the costs, time, and effort required on your part, you may find that an alternative method of selling is the better choice for you. Below, we list five major costs to expect with a traditional sale of your house in Northern Kentucky.
Repairs
When selling your house in Greater Cincinnati Area, it will likely require you to make some repairs. The small things in your house that need touching up can add up fast. And if your house needs major repairs, the costs will obviously grow much higher. Once the house is listed and an offer is eventually made, your potential buyer will pay to have an inspection done for the property. If all checks out, great! However, many times the buyer will come back with newly discovered repair costs they will request that you credit them for the amount of the repair or fix the item yourself before the property closes.
Professional Cleaning
When putting your house on the MLS in Greater Cincinnati Area, you’ll want to put your best foot forward. Even for the cleanest people out there, this may require the services of a professional cleaning crew to come through. Or maybe you need to hire people to come in and clean the carpets, powerwash the outside, or to rejuvenate stained floor tiles. Even if you aren’t in a situation where you need to hire a professional cleaning company, you will still have to tend to these things yourself which requires your time. That in of itself is very valuable.
Marketing Fees
The level of marketing provided by a real estate agent in Greater Cincinnati Area will vary. While some will provide comprehensive marketing plans at no cost, 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. Then there are listing with photos taken by a cell phone camera, highlighting unmade beds and laundry on the floor. Having the top-of-the-line listings that will get the most attention will likely cost you a bit more in the long run. If you do decide to list your house in Greater Cincinnati Area, make sure you know exactly what’s included. Between exclusive listings, signage, and print materials, you could be looking at many expenses you hadn’t planned for.
Commissions
In some cases, working with a Greater Cincinnati Area real estate agent can be great, making their 6% commission fee well worth it. However, for other properties paying this amount to sell your house isn’t worth it. Six percent of your final sale price can be a large sum of money. Make sure your agent will be able to get you enough money for this high cost to make sense. Run the number before signing a listing agreement with a Greater Cincinnati Area real estate agent. For some Greater Cincinnati Area homeowners, a direct sale can be a better choice for the sale of their unwanted house.
Closing Costs
A home seller in Greater Cincinnati Area will likely spend 1-3% of their final sale price in closing costs when selling with a real estate agent. Things like recording fees, settlement fees, title search fees, surveys, and pre-payment penalties are all paid at the closing table. Many of these costs can be eliminated when working with We Buy NKY Houses.
Learn more about the costs to expect with a traditional sale of your house in Northern Kentucky. Contact We Buy NKY Houses today for more information! (859) 412-1940
Are you wondering if you can sell your house fast, with no broker fees, no repair cost, and no need to wait for buyer loan approvals? Do you have questions like: What are traditional closing costs? How do you calculate closing costs when selling a house? What are sellers responsible for when selling a house? What is a traditional sale in real estate? Then reach out to us! When you call our hotline, you’ll be connected with our real estate expert who will listen to the specifics of your situation before making recommendations and answering any questions you have.
One important thing that you need to make sure of is to run your numbers when selling your house so you know what to expect. If it’s your first time selling a property then it is wise to seek help from the right real estate professional to avoid blindly jumping into an agreement and realizing your mistakes after the sale is closed.
We Buy NKY Houses is a trusted guide who cares, serving our clients with competence and professionalism through the home buying and selling experience.
We Buy NKY Houses buys houses directly – and if that doesn’t sound good to you, we can help you list on the MLS and sell for top-dollar, or, we can do all of the work for you, you choose! There are many more reasons why Greater Cincinnati Area real estate investors should also be licensed agents providing the most beneficial aspects of each and the conveniences of both. No matter what obstacles you may be facing, We Buy NKY Houses has the right option in Greater Cincinnati Area for all of your real estate needs. We Buy NKY Houses answers concerns about selling your property or any questions you may have with absolutely no obligation. At We Buy NKY Houses, our hybrid professional buyer real estate agents are ready to help you today. Send us a message or call We Buy NKY Houses at (859) 412-1940