Thinking of Selling? Here is What it Will Cost You - and How To Save

October 15, 2024

Selling a home isn’t free—and knowing the costs upfront is key to maximizing your profits. But before the sticker shock sets in, I’ve got good news: thanks to built-up equity, many homeowners today can cover these costs and still walk away with significant gains. Now, let’s dive into the most common expenses you’ll face when selling—and where you might save a few bucks.


1. Closing Costs and Agent Commissions

The final handshake comes with a price—but it’s manageable if you plan ahead.

At the closing table, you’ll face fees that range from 2% to 4% of your home’s sale price. These cover taxes, title transfers, and legal costs, not to mention agent commissions. According to U.S. News Real Estate, for the national median home sale price in 2023, closing costs ran between $7,740 to $15,480—and that’s not including the commission.

? Pro Tip: If you've been paying property taxes or escrow through your mortgage, you might receive a credit at closing to help offset some expenses. Be strategic about whether you’ll offer to cover some of the buyer’s costs as a concession—it could be the nudge that closes the deal.



2. Pre-Listing Inspection and Repairs

Getting ahead of potential issues can mean fewer surprises down the road.

A pre-listing inspection isn’t required, but it can be worth it. It gives you a heads-up on what buyers might flag later, so you can fix issues early or plan to offer credits to cover repairs. Even if you skip the inspection, your agent will have insights into what buyers expect—like fresh paint or minor cosmetic fixes—and which upgrades are worth your time and money.

? Cost-Saving Insight: A smart agent will help you prioritize repairs that boost your home’s market value without draining your wallet. Think strategic touch-ups rather than a full-blown renovation.


3. Home Staging: Optional but Impactful

First impressions matter—especially in today’s market.

While staging isn’t mandatory, it can give your property an edge, especially in a competitive market. Whether it's furniture rentals or virtual staging, the goal is to make your home feel inviting and spacious. According to Bankrate, home staging costs can range from $782 to $2,817, depending on how involved the process is.

? Pro Tip: If you’re not up for staging, your agent can help you rearrange what you already own. Removing clutter or rearranging a chair to improve flow can make a huge difference. A little rearrangement = big impact.


4. Why Leaning on an Agent Saves You More Than It Costs

Trying to save by skipping an agent? Think twice.

While it might be tempting to cut corners, not hiring a pro can cost you more in the long run. A skilled agent isn’t just there to show the house—they’ll advise on staging, repairs, pricing strategies, and marketing. This expertise can help you sell faster and for more money. And the best part? They manage the logistics, so you don’t have to sweat the small stuff.

? Referral Reminder: Know someone thinking of buying or selling? Send them my way—I’d love to help them make smart moves in the real estate market, just like I do for my clients.


My Final Thoughts: Ready to Sell with Confidence?

Selling your home can feel overwhelming, but the right planning—and the right agent—makes all the difference. Understanding the costs upfront, from closing fees to optional staging expenses, helps you prepare and maximize your profits. With today’s high home equity levels, most homeowners are in a position to cover these expenses and still come out ahead.

If you want more clarity or have questions specific to your situation, let’s talk!  I’m here to help you navigate every step of the way. Whether you're ready to sell now or just exploring your options, reach out—and if you know someone else who’s considering buying or selling, I’d love to help them too.


Source: Keeping Current Matters

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Search for your next dream home or find out the value of your current home on my website www.Realvolutionhomes.com 


Dan McDevitt
Cummings & Company Realtors
Team Leader, Realvolution Homes Group