Many people will blindly jump into a listing agreement with a Fort Bend County real estate agent without first considering how the process will play out. Before signing an agreement or deciding how you want to sell your house in Fort Bend County, you should try to estimate how long it will take and what it will cost you. You should also consider various selling methods and how they will impact your situation. Keep reading to learn more about calculations for selling your house in Fort Bend County.
Repair Costs
The problem with repair costs is that they can tend to grow when unforeseen issues arise. A leaking pipe, which may seem like a quick fix, could be the source of major water damage to the house. Many homeowners find that once they fix one thing, several more repairs will follow. When putting your house on the MLS in Fort Bend County, you’ll want to put your best foot forward. This means that making noticeable repairs and preparing to be faced with more after the inspection. Potential buyers will often try to negotiate after the appraisal and inspection process, forcing the seller to pay even more. Some sellers will pay for an inspection on their own before listing to know exactly what they are getting into.
Preparation Costs
Preparing your house for the MLS in Fort Bend County will be a lot of work. You may choose to remove personal belongings and store them elsewhere or you may want to stage the house, adding in some pieces here and there to make the house look professionally decorated. You may even hire an actual designer to make the house look as warm and welcoming as possible. No matter how great your house currently is, you will likely find yourself doing some work to make it even better.
Marketing Costs
Make sure to learn different types of marketing will be used to sell your home if you decide to list your house with a real estate agent in Fort Bend County. Some agents, all full-service, pulling out all the bells and whistles, while others will simply put your house on the MLS, hoping for a buyer to come along. A lot of homeowners find themselves paying for premium listings, professional photography, and other marketing materials.
Holding Costs
Do you know how much it costs to own your home? Not only are you likely paying a mortgage each month, but you should also account for the utility bills, repair costs, and the usual maintenance expenses. Ask any real estate investor and they will tell you that the longer you own a house, the more it is costing you. To end your holding costs right away for your house in Fort Bend County home, consider a direct sale. Selling in days-not months-has the potential to save you thousands of dollars that you would have otherwise spent on the home.
Agent Commissions and Costs
Around 6% of your final sale price will be the combined agent’s commission for your realtor and the buyer’s agent. For instance, your house sells for $250k, you will immediately be out about $15k plus any other fees or reimbursements due to your agent. When you include this large amount with all the other costs and fees you will likely face, you may find that a direct sale may be a better way for you to sell.
Closing Costs
Closing costs for a property seller will usually run anywhere from 1% to 3% of the final sale price. So again, if your house sells for $250k, you will likely be spending another $2,500-$7,500 once you reach the closing table. With a direct sale to Texas Direct Home Buyers, you won’t have to worry about the closing costs. We will handle everything so you can sell your house fast and move on.
When deciding whether to list your house with a Fort Bend County real estate agent or sell it on your own, it’s important to have a realistic grasp on what everything is going to cost you. Don’t just rely on your estimated final sale price to tell you which way to sell. You must consider all of the costs you will face too. Putting your house on the MLS can be expensive. However, for some houses, it makes the most sense. For other properties, a direct sale will ultimately help the seller keep more money in their pocket while saving time and energy. It’s important to look at your property and your situation to determine which selling method will be the best for you!
Selling your house in Fort Bend County can be a fair and simple process! today to learn more about what we can offer you!