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The Hidden Costs of Selling Your House with a Real Estate Agent

by | Feb 9, 2021 | blog

Thinking about selling your house in Jacksonville? Traditional home sales carry several expenses, 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. Today we will explore five costs you may not be aware of when selling your house in Jacksonville.

 

Commissions and Fees

Along with the traditional commissions charged by real estate agents, there may also be fees for brokerage services and other costs associated with using an agent. Even if you sell on your own, a buyer is likely working with a broker, take commission from your earnings These commissions and fees can run into the thousands and are something you may not know when selling your Jacksonville home.  Traditionally seller will end up paying most of the closing costs on the HUD, this includes the 3% commission to each agent that amounts to nearly 6% and this is just the start of any seller concessions.

 

Marketing

Before you can even get the crowds and crowds of people to flow through your house, marketing is needed.  You can’t just put a “For Sale” sign in your yard anymore, you need to make sure your listings are online!  The internet is the new channel that brings droves of buyers to you.  In order to stand out, make sure you have your house professionally cleaned so you can pay for a professional high quality photographer to put images on Zillow and the MLS.  This may also require the services of a drone pilot and a virtual tour setup.

Repairs

Getting your home ready to sell can be one of the biggest and most stressful costs you might not be aware of when selling your Jacksonville home. When the last thing you want to do as a seller is invest even money in the home, this it’s just what you may end up having to do. Inspections can generate very expensive news, especially in older homes. Structural problems, foundation problems, or even plumbing problems can literally cost thousands of dollars. If you can’t afford repairs, be ready to deduct costs from your sales price in the form of seller concessions.

Holding Costs

Maintaining a property that is on the market comes with costs you may not be aware of when selling your Jacksonville home. A delay could be due to your buyer being denied financing.  If you need cash now and you are waiting for the buyer and the buyer’s mortgage company, any hiccups can add a huge burden and adds greatly to the listing costs you can expect when selling your Jacksonville home. Now, to avoid them, there is another option to sell your house quickly, with a defined closing date and a firm offer from YellowBird.

Closing Costs

As mentioned briefly before, closing costs to the seller are also costs you may not be aware of when selling your Jacksonville home. While some of these costs may be negotiated in the contract, you will be responsible for items such as transfer tax and title insurance, escrow and closing fees along with HOA fees, the fees of the attorneys and prorated property taxes.  Some sellers also improve the deal to attract buyers by paying a credit for closing costs

You could be facing a small fortune in costs you may not be aware of when selling your Jacksonville home. Why not avoid the listing costs that you would normally expect to pay by selling to YellowBird? With a direct sale to YellowBird, closings are quick, usually within 30 days or less, and you don’t need to worry about repairs.  But if you are going to foreclosure, we have even closed properties in 24 hours!  YellowBird takes the risks, buying your home as is, YellowBird even pays all closing costs.
Send us a message or call us at (904) 637-8017 today to find out more!