Whether you decide to hire a Realtor® or sell your home on your own, there are costs and expenses that are typically covered by the seller. If you are planning to market and sell your home without the help of a Realtor®, you will be paying all of the marketing costs out of your own pocket
. On the other hand, hiring a real estate professional will likely cost you a commission equal to 4-6% of the final sale price of your home. One awesome advantage of hiring a Realtor® is that your agent will cover the cost of marketing your home whether it sells or not.
In addition to marketing costs and Realtor commissions, home sellers are responsible for several third-party fees. These closing fees are incurred through the escrow process. According to Aarp.com
, the average seller closing fees are 1-3% of the final sale.
Here is a list of the costs associated with selling your home.
Typical For Sale By Owner Costs:
- MLS fees ($95 to $995)
- Yard signs ($20 to $150)
- Newspaper advertising ($100 to 1,000)
- Digital and social media advertising ($100 to $1000)
Typical costs of hiring an agent:
- Average Realtor commission (5-7% of final sale (agent typically covers all standard marketing costs)
Optional Marketing Costs
- Home Cleaning ($250 to $600)
- Home Staging ($800 to $3,000)
- Buyer Home Warranty ($600)
- Pre-sale Home Inspection ($400-$500)
Typical Seller Closing Costs
These fees associated with closing the transaction typically total 1%-2.5% of the total sale price.
- Escrow fees
- Title insurance
- County transfer taxes
- City transfer taxes
- Miscellaneous Fees (reports, notary fees, recording fees, transfer tax, etc.)
Estimate your seller closing costs here.
The bottom line
There are costs associated with selling your home that will affect the bottom line of how much money you will net at the end of the transaction. These fees can vary based on several factors. If you are thinking of selling your Southern California home, reach out to us for a free estimate of what your seller costs and final net would be.