Do you want to sell your Utah house? Before you hire an agent or sign a listing agreement for the MLS, make sure you know how much listing will cost you. In our latest post, we outline some of the costs you will incur when listing your house with a Salt Lake City Real Estate Agent.
Many times the difference between what you will eventually get by listing your house vs. what you will get with a quick cash sale company is not that much.
Many times, sellers aren’t prepared for how much listing will cost when hiring a real estate agent in Salt Lake City. An agent might make big promises on how much you can list your house for, but that doesn’t mean they will be able to follow through. Below are some of the costs you can expect to face when listing your Salt Lake City home. For a fast and fair alternative, call Gary Buys Houses now for a direct offer! You will be able to sell right away and avoid the costs listed below!
How Much Listing Will Cost You
Commissions will typically run about 4-8% of the final sale price. Even if you sell the property on your own, you will typically pay the buyer’s agent 3%. So let’s say you sell your house for $250,000, and the real estate agent commission is 6%. That is $15,000 that will immediately go to your agent. That doesn’t include any fees charged by your agent. Every realtor works differently, but not all are full-service. You might find yourself paying marketing and administrative costs to your agent in addition to their commission. Real Estate Commissions can be a large part of how much listing will cost you.
The repair costs for your house will vary greatly depending on the house. You will likely need to do at least some small things such as paint, repair holes in the walls and any other small repairs. However, some properties require much more work before they are ready for the MLS in Utah. If you find yourself spending thousands of dollars to get your house ready for the MLS, you have to ask yourself… are the repair costs really worth it? Repairs will definitely add to how much it will cost to list your house.
To keep your Salt Lake City area house competitive with other houses on the market, you might want to consider making some upgrades to the home. You don’t need to spend a fortune to make a big impact. New fixtures, carpeting, counter tops or flooring can all completely change the feel of the room. To help your property to sell quickly, you will want to make sure you have something to make it stand out from the competition.
Not only do you need to clean your house, but you will likely need to pay someone to have it professionally cleaned. Listing your home is all about 1st impressions. Dirt and clutter can be very off-putting to people viewing your home. Your home might be in wonderful condition, but if your kitchen walls are dirty, the floors need to be mopped or if it smells like pets, a potential buyer could easily walk away. Even if you do most of the cleaning yourself, it still pays to hire someone to do the windows and carpets. In addition to the deep cleaning, you will need to tidy up before each showing for the best 1st impression.
Curb appeal is a huge factor when listing your Utah house. There shouldn’t be any clutter laying about, toys should be put away and the porch should be warm and inviting. If the front yard isn’t mowed and trimmed, consider getting it done now. And keep the lawn up through all the showings. Plant some brightly colored flowers, add new fixtures such as a mailbox and house numbers and whenever possible, park all cars away from the house. When people come to view your house, seeing cars in the driveway will be a subconscious reminder they aren’t at home. You want them to feel the opposite. You want people to feel at home from the moment they pull into the driveway.
Staging can get pretty pricey, but many owners swear by it. Even if you don’t do the whole house, consider doing some of the main rooms. Work with a professional staging person or interior designer in your area to achieve the best results.
Even if you are no longer living in the home you will still need to keep the power, gas and water on. People will need to check the lights and have the use of running water when viewing your home. All of the utilities will also need to be on for the home inspection the buyer will be doing.
Marketing, Listing, Photography and Other Miscellaneous Fees
Some agents will require you to pay these costs, while others include them in their commission. Many sellers will hire their own professional photographer to capture photographs of the property. Having a top-notch listing, with excellent photos will help you sell your Salt Lake City house more quickly.
All of theses costs together can add quite a bit to how much listing your house will cost you. Is there a better way for you?
Benefits of a We Buy Houses Company
How much listing your house will cost you will depend on how much you decide to sink into the things you just read about above. So what are the benefits of selling your house to a professional house buying company vs a real estate agent?
Commissions and Fees –
You will pay 4% to 8% with an agent and pay nothing with us. We pay your closing costs too.
Repairs and Cleaning –
When you list you might need to do a lot of repairs and cleaning. We will buy your house AS-IS
How Long it Takes –
We can close in as little as 3 days. A listing can take up to 3 months even in a seller’s market because of the time it takes to get an offer, buyer inspections at the house, appraisals, and possible failed sales.
When You Have to Move –
When you list your house you will need to be out of the house and have the house all cleaned the day you sign or before. With our Utah Sell Now Move Later program, you can sell your house, get the money for your house and stay in your house at no cost while you go through the moving process.