The cost of selling a house is typically calculated based on a range of factors – from legal requirements to maximising the listing to ensure the best price possible. It’s also unique to each homeowner’s situation based on the house, the state, and the current financial landscape; so a blanket cost won’t be of much help.
If you decide to sell through an agent, factor in real estate fees, either a commission percentage based on the sale price of your property or a flat fee agreed upon before the sale. In some instances, if a buyer falls through, you may be liable to pay this commission or flat fee regardless.
Conveyancing and solicitor fees help cover you with all the legal fees to sell a house, including stamp duty charges of a house sale, from determining its value based on the current market and the state of the house to the legal transfer of ownership from the seller to the buyer.
Another cost of selling a house is if you have an outstanding mortgage, your lender might charge an early exit or mortgage discharge fee. If you are a landlord, you might also be up for capital gains tax, which is a tax on the percentage of how much your property may have appreciated in value since the price you purchased it for.
Marketing costs for selling property are another significant fee that your real estate may or may not cover, but that’s why ListReady exists. Your approved funds can cover most of your pre-listing requirements including professional staging and styling as well as helping you maintain your property during your listing period for no upfront fee until your property sells or six months have passed – whichever comes first.
Reduce your home selling costs with ListReady today.