Most homeowners think that listing their house is the only option when it’s time to sell. However, many people are opting for a direct sale instead of hiring an agent. You have options when selling your Colorado Springs house. Find out what listing your house is really costing you when selling in Colorado Springs!
Not every house does well on the MLS. Some require major expenditures and dedicated time and effort in order to sell. Studies have shown that it can cost over $15,000 to sell your house with an agent! Before you hire a Colorado Springs agent, make sure you understand fully all the costs that go into selling your home.
Agent commissions are typically around 6% of the final sale price. Sometimes this fee is worth it, but don’t forget that this amount will be deducted from your final sale price at closing. Do the math: if you sell your house for $300k for example, the agent’s commission could be as much as $18,000!
You may be charged with administrative costs, such as reimbursements for things like flyers, listing fees, and open house catering. Every agent is different. Before you sign a listing agreement, make sure you are aware of all it covers. Agents should hold up to their end of the deal as well.
It’s usually recommended that you have your [market_ city] house professionally cleaned before putting it on the market. If you are not replacing the carpets, you will want those professionally cleaned as well. Not only that, but you will need to keep up with the cleaning while the home is listed. There are often last minute showings and people looking to drop in to see the house. Your home will need to look showing-ready at all times.
Staging & Storage
If you are lucky, many people will be coming to see the house. Your agent can usually arrange for this to occur when you are at work or away from the home during the day. To make this intrusion easier to deal with, many sellers opt to get a head start by boxing up their personal items and putting them in storage until the house sells. By keeping only your necessities at the house, it won’t ever appear messy or cluttered. You can also choose to have a professional stage the house.
Repairs And Upgrades
Depending on the condition of the house, these expenses could be small or end up costing thousands. Sometimes when you find one thing that needs repairing, it can lead to 10 more. And once your potential buyer has their home inspection done, they will use the results to negotiate repairs with you. You do not have to make any repairs if you don’t want to, but if you want to sell the house, you might want to consider some negotiation.
If your house is outdated compared to other properties on the market, you may want to refresh some things to make it a but more current. You can make a big impact with small improvements such as new flooring, painting, and fixtures. But, as with the repairs, these costs can snowball too. There might be a few trips to home depot in your future!
This is a biggie in terms of curb appeal. Before putting your home on the market, you might consider reseeding the lawn, planting some flowers along the driveway, or having your trees professionally trimmed. All of this adds to the overall appearance of the house. You’ll need to keep up with it while it is listed by regularly mowing, weeding and sweeping. Depending on your neighborhood and available time, you might consider hiring a professional landscaping company to keep things in order while the house is on the market.
Your property will cost you money for as long as you continue to own it. This is why flippers aim to sell as quickly as possible; they don’t want to hold on to the property longer than necessary. You still have to pay monthly utilities, taxes, insurance, likely a mortgage and costs for monthly maintenance. When you think of all the little things your house needs over time, the bills can add up pretty quick.
As you can see, the costs to sell a Colorado Springs house using an agent can add up. Some properties will cost more than other to prepare for the MLS. In order to save time and money, you can choose to sell your Colorado Springs house to Swift Results, Inc.. We will not require any repairs nor charge you any commissions. Before you call an agent, find out what we can do for you!