Listing your home isn’t free. There are costs, chores and a lot of work that goes into getting your home ready for the market. Before you list your home, think about the time, energy and money that goes into it. If you have a direct buyer, with a great offer, it is often preferred to the hassle and out of pocket costs of listing. What it REALLY costs to sell your home in Salt Lake City is below. Even if you do a FSBO (For Sale By Owner), it doesn’t guarantee you the most money in your pocket. Buyers that go after FSBO’s typically make lower offers and are tire kickers. Plus managing all of the showings, leaving when people are there to see the place, you have to be there to let them in and so on. IF you add in needing a fast sale and all the repairs, it might be just as easy to call a Local and Professional House Buying Company like Gary Buys Houses.
Commissions, Staging & Yard Work, Oh My!
First things first. The home has to be thoroughly cleaned from top to bottom. Windows should be done inside and out, grout and tile cleaned, baseboards and molding, and all of the obscure areas such as window sills and ceiling fans. If you have pets, pay particularly close attention to pet hair and odors. Of course, you can clean yourself, but a professional cleaning company can do wonders for the first cleaning. In addition, keeping the home clean for showings, open houses and surprise visitors is a must. It should be much easier to keep up after the first deep cleaning. First impressions are important.
Never, ever neglect the yard when selling your house. Your will want to make sure your yard has excellent curb appeal and isn’t overgrown or filled with weeds. Just like the cleaning, you can do this yourself, but you will have some hard work ahead of you. 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.
- Add seating and other elements of staging to make the outside areas more welcoming
The backyard should be warm, inviting and well manicured; however, this is the place to skimp if the front yard needs a lot of attention. The front yard is your first impression, make it a good one! Even paying a lot for water in Utah’s hot summer is worth it to keep that front lawn nice and green.
Storage & Moving
Even if you are still living in the house, 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 buyers off from having interest. While your home is listed, you will need somewhere to keep your stuff. This might require storage offsite. If you are staying somewhere temporarily until your house sells, you will likely be paying rent in addition to your mortgage. (And don’t forget, two sets of utility bills.) If you are living in the house until it sells, you will need to have the house vacant on the day you sign.
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. And remember, all this needs to be completed by the day you sign and you get your money.
Commissions, Title Fees & Seller Paid Buyer Closing Costs
Working with an agent in the Salt Lake City area will cost you 3% for the buyer’s agent and 3% for the listing agent in most cases. There are discount brokers and For Sale Buy Owner places that can save you PART of the listing agent 3%. HOWEVER, many times using a discount broker can cost you in the long run. Title fees, prorated property taxes and misc fees are about 1% of the sales price for the seller. At this writing, it is a seller’s market. Nice very well kept houses are getting under contract within a week. Even in this strong seller’s market, buyers are asking for and getting their closing costs paid for by the seller. So all in all, figure about 10% to sell your house. Even paying this 10%, listing your house with an agent will net you the most money. You can call us at 801-382-9199 if you need an agent.
Selling To Gary Buys Houses vs Listing With An Agent
For the majority of hoses that are in livable condition, listing with an agent will net you more money. However, it will take you 6 to 8 weeks or longer if your sale fails, buyers will want you to make repairs and you need to show you house to lots of people.
If you have a house that needs repairs or you need to sell very quickly or
FOR ANY REASON want to sell right away…