Did you know that based on which sale option you choose, selling your house can become very expensive? Well, this is actually quite true, and it’s also unfortunately something that most homeowners only find out about when it’s too late. As such, we’d advise you to give this some thought beforehand and factor in your finances (as well as how much of an impact your preferred home sale method will have on your bank) before pulling the trigger with the sale of your property.
Many people say that it will cost you to sell your house, which is in fact quite true in most cases. However, the amount of money that you’ll spend (or even if you have to spend any at all) largely depends on which home sale option you choose. If you opt for hiring a real estate agent, it is very important to understand that this is a home sale option that will cost you, as opposed to selling your house via auction or opting to sell directly to a cash home buyer.
In this blog, we’ll explore the main costs that a homeowner can expect when listing their house on the MLS and selling it with a realtor. For more information on this home sale method, you may also want to read another one of our blogs that expands on How To Determine What Listing Your House in Savage MN Will Mean.
Listing Cost to Expect When Selling Your House in Lakeville MN with a Real Estate Agent
Read on to discover the top listing costs that you should be aware of if you decide to sell your house with an agent in Lakeville.
Cost 1: Repairs (Before and After Inspections)
First up, we have home repairs that can be quite a hefty expense if they’re required by inspections.
Prepping your house for sale condition is one of the largest challenges you can expect when selling your house in Lakeville MN. And this is where many people make the most significant mistakes when selling their house. Sadly, when listing a property on the MLS, it is very important for sellers to pour money into repairs and upgrades. Inspections can sometimes deliver the worst of news, especially in older homes. Major repair issues can literally run into thousands of dollars in many cases. However, in order to avoid this, you could make a direct sale to FastPath Home Buyers. We eliminate any need for repair costs by accepting your house in “as-is” condition.
Cost 2: Commissions and Agent Fees
Next, there are real estate agent commissions and fees that will have an impact on your net profit after sale.
The services of a real estate agent are another major listing cost one can expect when selling your house in Lakeville. An agent’s high commission and additional fees can eat away at your overall sale profits. As such, you should carefully consider the benefits of accepting a cash offer from FastPath Home Buyers vs hiring a real estate agent. When you work with a professional buyer like FastPath Home Buyers, there’s no need to concern yourself with the hassles of keeping your house spotless for showings, and the outrageous expenses of a traditional sale. The price you’re quoted is the amount you’ll receive for the property at closing.
Cost 3: Professional Photography and Marketing
Thirdly, we have professional photography which is often a pricey yet necessary part of sale advertising.
Setting an advertising budget is another listing expense you can expect when selling your house traditionally in Lakeville MN. In order to compete, online listings require the highest quality photographs. These will typically require you to hire a professional photographer. You may also find yourself requiring the services of a professional drone pilot for virtual tours, due to today’s high demand for this feature on listings. However, all of these expenses can be avoided by simply selling your house directly to a professional buyer like FastPath Home Buyers.
Cost 4: Closing Costs
Lastly, we have the fees that most agents require owners to pay before the contracts are finalized.
Closing costs for the seller must be considered as well in the listing costs you should expect when selling your house in Lakeville. While some of these costs may be negotiated in the contract, you will be responsible for items such as the transfer tax and title insurance. You’ll also be responsible for any HOA fees, attorney fees, and prorated property taxes. However, it’s very easy to avoid these costs by selling your home to FastPath Home Buyers because we pay all of the closing costs.
However, if you’d like to avoid paying any of these expenses (or any expenses at all), you should sell your house directly to our company. Here at FastPath Home Buyers, We Buy Houses in Lakeville MN for Cash. We charge No Fees and Require No Commissions, so you won’t have to worry about opening your wallet in order to sell your house. In addition, we also accept houses “as-is”, so you won’t have to worry about repair costs. We don’t require inspections or appraisals, and we’re prepared to close on any deal in as little as 7 days.
So contact us now, either by calling (612) 351-2384 or by visiting this page and filling out a short form, and we’ll buy your house at No Added Expense.
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