If you plan on listing a Atlanta house, there are real estate commission costs to contend with before you list your house; during the listing process, once an offer has been made and when you find yourself at the closing table. In our latest post, we will take a look at some of these listing costs so you can determine if a direct sale of your property would be the better choice for your situation compared to listing your house.
The price to sell a house in Atlanta can fluctuate greatly. It all comes down to the house itself, the needed repairs, the location, etc. Each agent will work a bit differently. Some will charge you for things, while others are “all-inclusive.” Before you commit to an agreement with a local real estate agent, find out what closing costs home sellers pay when listing your house in Atlanta!
Related: Is Hiring An Agent in Atlanta REALLY Worth It?
Upfront Costs of Listing Your House: House Selling Tips
Before you even talk to a Georgia Realtor or get started on listing your home for sale, you will need to take care of the following things. Some you can do yourself, while others you might have to pay for. You might need all of these things, but they are all important to consider if you want to sell your house quickly in Atlanta and surrounding areas.
Cleaning: Stand Out From Other MLS House Listings
To create an environment that is appealing and welcoming, you will want to make sure the house you’re selling is clean. You can do a good job yourself, but bringing in a professional to do a thorough cleaning of the listed house from top to bottom can make the whole house look different and can really affect how fast you sell your house. If you aren’t replacing the carpets or flooring, you will want to pay to have a professional clean those as well. Don’t neglect the outside. If you have a second story, it might pay off to hire a pro to come wash your windows and pressure wash the house and driveway!
Storage: Declutter Your House For Sale
While cleaning the home, it is a great time to pack away all of your unnecessary items. People don’t want to see personal possessions or clutter when touring your home, so you will want to make sure everything is packed away. You might need to consider an offsite storage space or pod to hold your items until you have moved into a new house.
Repairs & Upgrades: Avoid Renegotiations When Selling Your House
You will want to fix up anything visibly broken or worn. This includes fixing and painting walls, replacing cracked tiles and smoothing floorboards.You might also take this opportunity to make minor upgrades such as new fixtures or hardware. Spending money on these things can help improve the value of your home. You just need to be comfortable paying up front. Once the inspection comes in, these items will be found anyways, and this gives the buyer a chance to renegotiate, whether it’s renegotiating the purchase price, the repairs, or who pays the closing costs.
Landscaping: Create Massive Curb Appeal
You can’t have a beautiful MLS listing with an ugly yard. The front yard is the first thing people see, whether in person or on a real estate website. This should not only be cleaned up but also used to showcase your home. Many people will add plants, flowers, new doors or fencing to make their curb appeal pop. Curb appeal will make people instantly pass or come to your house and consider making an offer.
While The House Is Listed: Costs During Selling Your Home
While the property is on the market, you will still find yourself paying to have it for sale. There are many expenses you will be paying during this time that you could avoid with a fast and direct sale upfront by selling your house without a real estate agent.
Monthly Costs: Holding Costs When Your House Is For Sale
While the house sits on the market you will still need to pay the monthly utilities. Even if you have moved out of the house, you still need to keep the water and electricity on for people viewing the home. You will also have to continue paying the homeowner’s insurance and property taxes up until the day of closing. You will also need to continue taking care of the cleaning and routine maintenance of the home. With many properties sitting on the market then having to go through escrow, it could be months until the house has officially closed. During this time, you could be out thousands of dollars you could have otherwise kept in your pocket.
Marketing: Maximizing Your Real Estate Website Listings
Some Georgia real estate agents will include great marketing when listing your home, while others will not. To successfully list your house, you will want to ensure there are great listings and great photography of the home. Some people are even hiring drone photographers to capture their homes from above.
Related: How To Sell Your House Without An Agent in Atlanta
After An Offer Has Been Made: Handling Renegotiations
Once an offer has been made and accepted, you will still be responsible for the insurance, utilities, and taxes up until the day of closing. Depending on the lender this could add several weeks to your timeframe. In turn, adding more money you are paying to own the home. Most offers are contingent on an inspection and appraisal process. You can avoid the below costs with a direct offer from a company who purchases as-is.
Once the inspection has been completed, you might have to negotiate repairs based on the severity. If there is a major problem with the house, the potential buyer will likely request it be fixed before going through with the sale. (The bank isn’t likely to fund a loan for a damaged property either.) If your buyer decides to rescind the offer, you will need to disclose the needed repair to all potential buyers going forward.
At The Closing Table: How Much Are Closing Costs
Commissions: How Do Real Estate Agents Get Paid?
Once you are signing final sale paperwork, it is also time to sign over a check to your real estate agent. This will typically run about 6% of the final sale price of the home.
Closing Costs: Average Closing Costs
Many additional fees are lumped together as closing costs. These include document filing, title search fees, credit check costs, transfer taxes, property taxes and more. On average, this will run you another 2% of your final sale price.
Once you add up all the costs, you can see that listing may not be right for every property. Many people find greater benefits by choosing a direct sale! Run the numbers for yourself, and make the decision that works best for you!