Discover the various expenses associated with a conventional sale of your Columbus residence and ascertain whether collaborating with an agent genuinely aligns with your circumstances and property. Explore more in our most recent article!
Choosing to work with a real estate agent in Columbus for selling your house may not always be the most advantageous option. Considering the expenses, time commitment, and personal effort involved, you might discover that an alternative approach to selling suits you better. Here, we outline five significant costs that you should be ready for should you opt for the conventional method of selling your house.
Repairs
When you sell your house in Columbus, making repairs is often necessary. The cumulative impact of minor touch-ups in your home can quickly escalate. Moreover, if your house requires significant repairs, the expenses will naturally soar. After listing the house and receiving an eventual offer, the potential buyer will arrange for a property inspection. If everything goes smoothly, that’s fantastic! However, it’s common for the buyer to uncover additional repair costs and request either a credit for the repairs or for you to fix the items yourself before the property transaction is finalized.
Professional Cleaning
When listing your house on the MLS in Columbus, it is essential to present it in the best possible light. Even if you are diligent about cleanliness, achieving this may necessitate the assistance of a professional cleaning crew. Alternatively, you might consider hiring individuals to clean the carpets, powerwash the exterior, or restore stained floor tiles. Even if you don’t require professional cleaning services, you will still need to handle these tasks personally, which demands your valuable time.
Marketing Fees
The level of marketing provided by a real estate agent in Columbus can vary significantly. While some agents offer comprehensive marketing plans at no additional cost, others may provide only the basics. You may have noticed the stark contrast between different types of listings. Some houses are professionally staged and photographed, creating an illusion of larger spaces. On the other hand, there are listings featuring photos captured by a cell phone camera, inadvertently showcasing unmade beds and laundry strewn on the floor. Acquiring top-of-the-line listings that garner the most attention may require a slightly higher investment in the long run. If you do decide to list your house in Columbus, it is crucial to have a clear understanding of what is included in the marketing package. Exclusive listings, signage, and print materials can lead to unforeseen expenses that were not part of your initial plan.
Commissions
Working with a Columbus real estate agent can be highly beneficial in certain scenarios, justifying their 6% commission fee. Nevertheless, when it comes to other properties, paying such an amount to sell your house may not be worthwhile. Six percent of your final sale price can accumulate into a substantial sum. It is essential to ensure that your agent can secure a price that justifies this significant cost. Before committing to a listing agreement with a Columbus real estate agent, it is advisable to analyze the numbers. Some Columbus homeowners might find that a direct sale is a superior option for disposing of their unwanted property.
Closing Costs
When selling a home with a real estate agent in Columbus, it is typical for the home seller to allocate approximately 1-3% of their final sale price towards closing costs. These costs, such as recording fees, settlement fees, title search fees, surveys, and pre-payment penalties, are typically settled during the closing process. However, by choosing to work with EASTON BUYS HOUSES, many of these expenses can be minimized or even eliminated.