Any money going into escrow has a fee that’s split between the buyer and seller. Attorney fees can range anywhere from a few hundred dollars to a couple thousand. $150,000 is left after paying off the remained of the mortgage loan. 2. With over 2 million active real estate licensees out there, you’ll find agents with a wide variety of experience levels and specializations. Closing Costs. In a typical home sale, the seller will need to pay about 2% of the final sale price in closing costs. You may need a real estate attorney to oversee the real estate transaction. According to NAR, the average “For Sale By Owner” property sells for 11% less than agent assisted sales. Why would it be, when you only sell a house a handful of times in your life? Listing agents work hard, and a 3% commission for selling your home is more than fair. Reduce your days on market with a competitive pricing strategy. On average, home sellers pay their listing agent a commission amounting to about 6% of the price of their home (although that percentage can vary). Inspect and disclose everything: Another option for selling as-is is to complete a pre-inspection and disclose everything found on the inspection report. Average closing costs for sellers range from 8% to 10% of the home’s sale price, including both agent commission (about 6% of the sale price) and seller fees (about 2% to 4). In general, expect to pay anywhere between $300 to $2000+ to market your property. When you hire a real estate agent to sell your home for you, the typical commission is 6% of the final sales price. Who Pays Closing Costs, The Seller or Buyer? That’s extra money and another headache a home buyer doesn’t want to worry about. The real estate commissions you pay are 6%, or $27,000. Even if you have moved out of the house, you’re selling. Trust us, it’s worth the cost to sell with a real estate agent—especially when you’re selling your home as is. This example is meant to be illustrative of a general trend: Industry data from NAR indicates that Realtors help your house sell for more. Now, keep in mind that we calculated that example based on our transaction data showing that the top 5% of real estate agents sell for as much as 10% more. Painting the interior walls a neutral color will add to the appeal of a home. So, let’s say hypothetically you do partner with a top agent vs. an average one. Not all agents are one and the same. Zillow actually estimates that selling a home costs $20,851, on average, while other experts estimate you’ll pay 10% of your home’s final sale price in closing costs. Emma's work has been featured in Huffington Post, NPR and XOJane. That means while a Realtor works to prep and market your home and guide you through closing, they won’t see a dime. Most escrow companies charge around the same amount. Navigate multiple offer scenarios and help you select the best offer. There are discount agents who will accept a lower commission but do minimal work. Anytime you hire someone, though, you deserve full transparency into what they’re going to charge you and any other fees that could add to your final bill. These services can include - working with the seller to set a realistic price for the home, marketing it through a variety of online and offline channels, professionally presenting the home to potential buyers, negotiating the transaction details, being present during inspections and appraisals, and ultimately … Really? Selling your home can be an exciting time. Sell your house with a Redfin real estate agent and get full service for only a 1%-1.5% listing fee—less than the typical listing commission. 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