{"id":8468,"date":"2021-03-15T15:06:06","date_gmt":"2021-03-15T19:06:06","guid":{"rendered":"http:\/\/www.atyourbusiness.com\/blog\/?p=8468"},"modified":"2021-03-15T15:06:22","modified_gmt":"2021-03-15T19:06:22","slug":"the-average-cost-to-sell-a-house-a-basic-guide","status":"publish","type":"post","link":"https:\/\/www.atyourbusiness.com\/blog\/the-average-cost-to-sell-a-house-a-basic-guide\/","title":{"rendered":"The Average Cost to Sell a House: A Basic Guide"},"content":{"rendered":"\n<p>As the economy sees a bounce back in 2021, it seems like the ideal opportunity to move house and step up the property ladder.&nbsp;<\/p>\n\n\n\n<p>But before you put your house on the market, you might be wondering if you have the budget to complete a house sale.&nbsp;<\/p>\n\n\n\n<p>In this short guide, we&#8217;ll outline the typical expenses you&#8217;ll incur when&nbsp;putting a house up for sale, and we&#8217;ll reveal the average cost to sell a house.<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">Home Improvements<\/h2>\n\n\n\n<p>If you want a high sale price, you need to spend money upfront making any obvious or vital home repairs.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Costs will vary depending on the complexity of the project. However, as a guide, the <a href=\"https:\/\/www.cnbc.com\/2018\/07\/10\/home-renovations-can-cost-homeowners-thousands-per-year.html\" target=\"_blank\" rel=\"noreferrer noopener\">average cost in 2018<\/a> for home improvements was just over $6,000.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Agent Commissions<\/h2>\n\n\n\n<p>One of the most significant expenses of selling&nbsp;a home is the commission you&#8217;ll pay out to your real estate agent.&nbsp;<\/p>\n\n\n\n<p>Typical commissions for a house sale are between 5-6% of the sale price.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">House Staging<\/h2>\n\n\n\n<p>If you want a quick sale, you might want to look at ways&nbsp;to speed up your house sale like contacting <a href=\"https:\/\/www.urbonline.net\/\">these home buyers<\/a>.<\/p>\n\n\n\n<p>A professional staging company can give your house that finished look-and-feel that can help close a sale. Staging varies depending on how much you need from a staging company.<\/p>\n\n\n\n<p>Expect to pay between $400-$3,000 for this type of service.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Professional Photography<\/h2>\n\n\n\n<p>Before listing your home, consider investing in an experienced professional photographer. Good lighting and angles will help boost the number of house viewings you get. $200-$500 is an accurate figure to add to your budget.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Home Inspection<\/h2>\n\n\n\n<p>As a homeowner, you have the option of paying for a pre-sale home inspection report. That is a helpful part of the home selling process as it will highlight any problems that could halt a future sale.<\/p>\n\n\n\n<p>You don&#8217;t have to pay for a home inspection, but if you want to have this report, budget around $400.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Closing Costs<\/h2>\n\n\n\n<p>Closing costs include a range of legal and financial fees payable when the sale transaction takes place.&nbsp;<\/p>\n\n\n\n<p>Closing costs include:&nbsp;<\/p>\n\n\n\n<ul><li>Loan fees<\/li><li>Mortgage insurance fees<\/li><li>Property taxes<\/li><li>Annual assessments<\/li><li>Insurance premiums<\/li><li>Title fees<\/li><li>Mortgage closing documents<\/li><\/ul>\n\n\n\n<p>The average U.S. <a href=\"https:\/\/apnews.com\/press-release\/pr-businesswire\/98415ee771984af483a98077b6c8be48\">closing cost was $5,749<\/a> in 2019. Budget for around 3-6% of your property value.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Moving Fees<\/h2>\n\n\n\n<p>What you spend on moving costs will depend on whether you plan to move most of your belongings and furnishings or hire a removals company to do the work for you.<\/p>\n\n\n\n<p>If you hire a removals company, allow around $600-$1,000 for a small two or three-bed house for a local move.<\/p>\n\n\n\n<p>If you are moving long-distance, have large or complex items to move, expect to pay a lot more but shop around for a competitive price.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Home Warranty<\/h2>\n\n\n\n<p>An optional expense to make your sale more attractive to a buyer is to pay for a one or two-year home warranty cover. That will set you back around $600 but is worth considering if you need a quick sale.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mortgage Payoff Expenses<\/h2>\n\n\n\n<p>If you plan to pay off your mortgage after selling a house, some mortgage deals will include a penalty cost for early repayment. Check with your existing mortgage provider to see if you are liable for these types of fees.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Average Cost to Sell a House<\/h2>\n\n\n\n<p>Altogether, the average cost to sell a house is around 15% of the price of the home you are selling.<\/p>\n\n\n\n<p>You can use this figure to assess whether you have the budget right now to sell your home. If you are a little short, there are some costs you can drop, or you can put your house sale plans on hold for the time being.<\/p>\n\n\n\n<p>Do you think it&#8217;s a good time to sell? Share your thoughts in the comments below and keep checking out our site for more home advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the economy sees a bounce back in 2021, it seems like the ideal opportunity to move house and step up the property ladder.&nbsp; But before you put your house on the market, you might be wondering if you have the budget to complete a house sale.&nbsp; In this short guide, we&#8217;ll outline the typical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/8468"}],"collection":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/comments?post=8468"}],"version-history":[{"count":1,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/8468\/revisions"}],"predecessor-version":[{"id":8470,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/posts\/8468\/revisions\/8470"}],"wp:attachment":[{"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/media?parent=8468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/categories?post=8468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atyourbusiness.com\/blog\/wp-json\/wp\/v2\/tags?post=8468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}