Here’s a detailed breakdown:
Agent commissions: 5-6% of the sale price split between the two agents.
Attorney fees, transfer taxes, and other administrative costs: 1% of the sale price
Home repairs and inspection requests: $100-10,000. The most common repair on a home inspection report? Sticky doors that need adjusting. The second? Leaky faucets and shower heads.
Optional expenses
Moving: The average cost of a local move with a two-person team is $1,400. A cross-country move will set you back $2,200- 5,700. Save on moving by grabbing a few friends and DIY.
Interior staging and exterior landscaping: 18% of seller’s agents said staging increased a home’s value between 6-10%. Staging and landscaping will run 2% of the sale price, making both worthy of your time and
money.
Seller concessions: To sweeten the deal, you may help a buyer with inspection fees, processing fees, or other costs. Usually, no more than 2% of the sale price.
Home warranty: Some sellers offer buyers a warranty to cover the home leading up to closing, so the buyer knows they’re not facing repair costs as soon as they sign. A home warranty costs $300-500.
