Listing your home for sale isn’t free or easy. There are costs, chores, and a lot of work that goes into getting your home market-ready.
Before you get ahead of yourself, really try to find out how much time, energy, and money go into selling a property, especially one that needs work.
If avoiding the hassle and costs associated with a traditional sale is your goal, then our recommendation is working with a reputable direct buyer. But, first, let’s explain what it REALLY costs to sell your Miami house.
Commissions, Staging & Yard Work, Oh My!
You might be thinking, “Well, duh! I know I have to get my house cleaned.”
But, do you know how clean an agent or retail buyer expects your house to be? When we say “clean,” we don’t mean a quick hoover, dust, and washing up any bowls in the sink. No. We mean the home has to be thoroughly cleaned from top to bottom.
- The whole house needs to be clutter-free.
- Windows and doors should be done inside and out.
- Floors, carpets, and rugs need to be cleaned.
- Kitchens and bathrooms are especially prone to clutter and grime. Make sure they’re spotless and dirt-free
- Baseboards, molding, and all of the obscure areas such as window sills and ceiling fans should be clean.
- If you have pets, pay particularly close attention to pet hair and odors.
Of course, you can clean yourself, but it’s been proven that homeowners become accustomed to the state of their home environment and you may not notice lingering odors or expect the same standard of cleanliness that a professional cleaner or retail buyer would.
In addition to that initial cleaning, you need to maintain that standard for showings, open houses, and surprise visitors.
Never, ever, ever neglect the yard when selling your home. You will want to make sure your yard boasts excellent curb appeal and isn’t overgrown or filled with weeds.
What’s “curb appeal”?
Curb appeal is a term used to describe the general attractiveness of a house or other piece of property from the sidewalk to a prospective buyer… When trying to sell a home or property, many real estate agents will stress the importance of maximizing curb appeal, especially because many aspects of curb appeal can be improved in a cost-effective manner.Investopedia
You can do this yourself, but depending on the property there can be a lot of work involved. You will need to consider the following tasks:
- Trim back trees and bushes.
- Weed the lawn and open areas.
- Plant colorful flowers and appropriate plants.
- Fix anything in need of repair.
- Add fresh paint to the outdoor trim, mailbox, door, and so on.
- Set up an outdoor seating area to make the yard more inviting.
The front yard is your initial opportunity to make a great first impression. Don’t lose it! Ensure the yard is free from clutter such as garden tools, bikes, and toys. A low maintenance, weed-free garden with colorful flowers is your best option.
Storage & Moving
Even if you’re still residing in the property, once it’s up for sale (or perhaps before) it’s a smart idea to get some of your clutter, personal belongings, and things you don’t need boxed away or even donated to charity.
Make moving easier by packing and moving boxes into storage a few months in advance. You’ll appreciate the work once your house does sell!
Plus. having personal items scattered around the house or on display will make the property seem cluttered and buyers will subconsciously feel they are intruding. If you’re planning to stay somewhere temporarily until your house sells, chances are you’ll have to pay rent in addition to your mortgage (and don’t forget, two sets of utility bills.)
Once your house does sell, there are, of course, moving costs. Will you hire a moving company? Will you do all the packing yourself? Will you need to hire a truck? If so, for how long? There are plenty of hidden costs that can sneak up on you when you finally sell and move into your new home. If you’d like to find out whether you should call a mover, this article tackles that issue: Moving? Learn When to Call a Mover
Listing Fees, Agent Fees, Administrative Fees and Notary Charges
Working with an agent also brings a plethora of fees and charges you may not be prepared for.
NOTE: These charges are IN ADDITION to the commission, which we talk about below.
Most real estate firms make money on top of their 6% commission by making you cover marketing fees, listing costs, and admin expenses such as clerical work and printing. These small charges for things like notarization, title checks, and other tasks can add up fast.
This is the most significant cost that stands between you and selling your home the conventional way.
Selling your home through an agent entitles them to a commission fee which you – the seller – agrees to in writing. Just imagine up to 6% of your sale price gone with a snap of your fingers. And since we’re working in percentages here. The more you sell your house for, the more you lose in commission fees.
That’s why it’s so important to factor in the commission as well as the costs above when you calculate your asking price.