Do you know how much it costs to sell your house in COLUMBIA? When working with a real estate agent, there can be a large number of costs that home sellers aren’t always aware of. Before signing a listing agreement with a COLUMBIA real estate agent, make sure you are aware of the costs you will likely face!
Many people aren’t prepared for what is required of them when trying to sell a house with a COLUMBIA real estate agent. There are numerous costs, time commitments, and exhausting activities that go into selling your house the traditional way. Below, we will take a look at what it costs to sell your house with an agent in COLUMBIA, versus what it costs to sell your house directly to a professional buyer. You can get an offer from our team so you can plug in the numbers for your property, determine which way of selling your house in COLUMBIA is right for you!
Hiring An Agent In COLUMBIA
Commissions
When you hire a real estate agent in COLUMBIA to help you sell your house, you’ll be faced with commission costs when the house does eventually sell. These costs can be a huge blow to a seller’s profits as the average commission runs somewhere around 6% of the final sale price. So let’s say you sell your house for $150,000. You’ll have to immediately fork over $9,000k to your agent and that’s not including all of the other costs and fees.
Closing Costs
Closing costs include things like transfer taxes, recording fees, and other miscellaneous costs. When you work with an agent to sell your house in COLUMBIA, you can expect to spend about 2% of the final sale price in closing costs. So again, if your house sells for $150.000, you’ll be on the hook for another $3,000. When you sell your house directly to Intrepid Property Solutions, we’ll take care of all the closing costs, eliminating many of the fees and expenses that home sellers often face.
Closing costs encompass a variety of fees that home sellers are typically responsible for during the sale process. These include transfer taxes, which are government fees paid when the property is transferred from one owner to another, and recording fees, which cover the cost of registering the sale with the local government. Other miscellaneous costs can add up as well, such as title insurance, attorney fees, and inspection costs. When you work with a real estate agent to sell your house in COLUMBIA, these closing costs generally amount to around 2% of the final sale price. For example, if your house sells for $150,000, you could end up paying around $3,000 just in closing costs, which can significantly impact your net profit from the sale.
However, when you choose to sell your house directly to Intrepid Property Solutions, you can avoid many of these expenses. Unlike traditional sales, where sellers are responsible for covering various fees, Intrepid Property Solutions handles all the closing costs on your behalf. This not only simplifies the transaction but also eliminates the financial burden of those extra costs. By selling directly to Intrepid Property Solutions, you can streamline the process, ensuring a faster, more convenient sale without the worry of unexpected fees eating into your profits. This approach is particularly appealing for sellers looking to maximize their returns and minimize the hassle associated with selling a home.
Repairs
Depending on your property, your repair costs can total up to a small fortune. You may find yourself making repairs before you list it, only to have them snowball into major expenses. In many cases, you may find that you have to make even more repairs after the inspection period. Many home buyers will try to negotiate after the inspector has been through, asking you to make the needed repairs, or by issuing a credit or discount on the price of the home.
Repair costs can quickly escalate when you’re preparing to sell your property. Initially, you might plan for a few minor fixes before listing the home, but these repairs often lead to the discovery of more significant issues that need attention. What may have started as a simple project can turn into a costly undertaking, with expenses piling up unexpectedly. This situation can be particularly frustrating for sellers who are trying to present their home in its best light but find themselves overwhelmed by the mounting repair bills.
Even after you’ve made the necessary repairs and the property is under contract, the inspection period can bring additional challenges. Many buyers use the inspection results as a bargaining tool, requesting further repairs or asking for a credit or discount on the home’s price. This can lead to even more out-of-pocket expenses for the seller or a reduction in the final sale price, cutting into your profits. The combination of initial repairs and post-inspection negotiations can make the selling process more complicated and costly than anticipated
Holding Costs
Many people don’t realize how much it costs to own a home. As a homeowner, you are dealing with things like property taxes, homeowners insurance, and utility bills. The bills can get pretty high if your home is older, and not energy-efficient. You’ll also have to contend with the continued maintenance, repair costs, and expenses required to keep the house ready for property showings. If your house sits on the MLS for a long time, your holding costs can really add up! But when you sell your house directly to Intrepid Property Solutions, we will be able to close on your property, free and clear, in only a matter of days.
Owning a home involves more expenses than many people initially realize. Beyond the mortgage payments, homeowners must also budget for property taxes, homeowners insurance, and regular utility bills, which can become particularly burdensome if the home is older or lacks energy efficiency. In addition to these ongoing costs, there are also maintenance and repair expenses that need to be addressed to keep the property in good condition, especially if it’s on the market. Preparing for property showings requires continuous upkeep, which can drain both time and resources. If your house remains on the MLS for an extended period, these holding costs can accumulate, eating into your potential profits.
On the other hand, selling your house directly to Intrepid Property Solutions offers a quicker and more straightforward solution. By avoiding the traditional market and selling directly, you can bypass the prolonged listing period and the associated holding costs. Intrepid Property Solutions can close on your property in just a matter of days, allowing you to move on without the ongoing financial burden of homeownership. This streamlined process not only saves you money but also provides peace of mind, knowing that you won’t have to continue paying for a property that’s sitting unsold.
Marketing Expenses
Marketing costs when selling your house the traditional way are no joke. Depending on your agent, you may find you are spending a lot of money to market the house on your own. You may need premium listings, professional signage, or photography in order to showcase your property in its best light. Don’t assume that because you hire an agent all of your marketing costs will be covered. Every agent is different and you may wind up spending more than you think to sell your house fast in COLUMBIA.
While you might expect your real estate agent to handle all aspects of the marketing process, the reality is that many agents expect homeowners to contribute to these costs. You could end up paying for premium online listings to make your property stand out, investing in professional signage, or even hiring a photographer to capture high-quality images that showcase your home. These expenses can add up quickly, especially if you want to ensure your property is presented in the best possible light to attract buyers.
It’s important not to assume that hiring an agent means all marketing costs will be taken care of. The level of service and marketing support varies from agent to agent, and you may find yourself covering more expenses than anticipated. If your goal is to sell your house fast in COLUMBIA, you might feel pressured to spend even more on marketing to generate interest and speed up the sale. These additional costs can significantly impact your bottom line, making it essential to understand what your agent will cover and what you’ll be responsible for before listing your property.
Selling Your House Directly
On the other hand, selling your house directly to Intrepid Property Solutions, won’t cost you a thing. While not every buyer works in the same way, selling your house to our team will free you of any costs or fees. You won’t have to worry about making repairs, cleaning up, or having to wait around for a buyer to come along. There are no commissions, agent fees, or marketing costs. You will be able to sell your house fast in COLUMBIA free and clear, once and for all!
Before you sell your house in COLUMBIA, you need to know exactly what it will cost you. Many home sellers are blindsided by costs and fees they weren’t expecting when they work with a local real estate agent. Before you sign a listing agreement, take a look at what we can do for you. A direct sale may be the solution you need for your house in the COLUMBIA area! However, you won’t know for sure until you get a no-obligation offer from our team!