Thinking about selling your house in Louisville? Traditional home sales carry expenses to the seller, some of which you may not have taken into consideration. No matter if you select to work with a professional real estate agent or sell on your own, you’re likely to run into all of these expenses. We will explore five costs you may not be aware of when selling your house in Louisville.
Commissions and Fees
Along with the traditional commissions that real estate agents charge, there may also be fees charged for the brokerage services and other costs associated with using an agent. Even if you sell on your own (FSBO – For Sale By Owner), a buyer is likely to be working with an agent who will take the commission from your profits. These commissions and fees can run into the thousands and are something you may not be aware of when selling your house in Louisville.
Marketing
Marketing is the key driver when listing your house. While yard signs may bring in buyers, the internet is the new highway that brings buyers to your door. Besides the inconveniences of showings, successful marketing comes with costs you may not be aware of when selling your house in Louisville. In order to compete, online listings require high quality photographs that are submitted by a professional photographer. This may also include the services of a professional drone pilot for virtual tours given today’s high demand for this feature on listings.
Repairs
Prepping your house to be in selling condition may be one of the largest and most stressful of the costs you may not be aware of when selling your house in Louisville. Even though as a seller the last thing you want to do is invest even more money into a house you are planning to sell, you may not have a choice. Inspections can deliver some very expensive news, especially in older homes. Structural issues, foundation or even plumbing problems can literally run into thousands of dollars. Any known issues with the home must be disclosed. If you aren’t able to afford the repairs, you need to be ready to deduct the costs from your asking price.
Holding Costs
Holding onto a property that is lingering on the market carries costs you may not be aware of when selling your house in Louisville. One delay could be caused by your buyer being denied financing. If you’ve moved forward with plans and relocated, holding the property is a burden and adds greatly to the listing costs to expect when selling your house in Louisville. In order to avoid these additional expenses, there is another option to sell your home quickly, with a definite closing date and firm offer from FairSquare House Buyers!
Closing Costs
Closing costs for the seller are also costs you may not be aware of when selling your house in Louisville. While some of these costs may be negotiated in the contract, you will be responsible for items such as the transfer tax and title insurance. There are also escrow and closing fees along with any HOA fees, attorney fees, and prorated property taxes. Some sellers also sweeten the deal to attract buyers by paying a credit towards the closing costs.
You could be facing a small fortune in costs that you may not be aware of when selling your house in Louisville. Why not avoid these listing expenses by selling to FairSquare House Buyers instead? With a direct sale to FairSquare House Buyers closings are quick, usually within 30 days or less and you don’t need to worry about repairs. FairSquare House Buyers takes on the risks, buying your home as-is. FairSquare House Buyers even pays all of the closing costs. Send us a message or call us at 502-417-7467 today to find out more!