Many homeowners don’t realize all the costs associated with selling their homes through a Glenpool real estate agent. We understand that many just want to sell their house fast in Glenpool. Don’t make the mistake of signing a listing agreement with a Glenpool realtor without learning how much you will end up paying in the end. After you learn about the total costs involved, you may reconsider before selling your home on the traditional real estate marketplace with the help of a realtor.
Let’s take a look at the most common costs associated with selling your home in Glenpool, OK.
1) Repair Costs
Many Glenpool realtors will expect their clients to repair their homes before listing them on the MLS database. If you’re a seller with limited finances, then you probably don’t have the money to make all the repairs needed in your home. Things like leaky pipes, faulty appliances and roof damage could cost you thousands of dollars to fix. And the longer it takes for you to fix them, the worse the damage will become.
If the realtor agrees to list your home in its current condition, the potential buyers will likely want you to make the repairs before closing the deal. They will hire an appraiser to give them an estimate of the total repair costs, or they will force you to hire the appraiser on their behalf. Either way, it will be a lot of upfront expenses out of your pocket. You may not have the cash to cover those expenses. That’s why selling house fast in Tulsa area to us can really be beneficial. Even if your house needs work it’s ok because we buy hideous houses Tulsa.
2) Staging Costs
When your home is listed on the MLS in Glenpool, you’ll need to make your home look near perfect for the potential buyers who will want to visit it. All of your personal items and photographs will have to be removed and stored away in a storage locker or somewhere else away from the home. You’ll also have to hire a professional cleaner to clean the floors, walls and furniture. Some added flowers and decorative items are recommended too. Is this all necessary? No, but to sell fast for the right price it is highly recommended by most realtors. We buy houses Glenpool as is! No repairs needed!
3) Advertising Costs
Just because you hire a real estate agent to sell your property, it doesn’t mean they will promote your home for sale in several different places. The only thing a realtor has to do is list your home on the MLS. Other than that, there is no guarantee that your realtor will spend their own money to market your property. If you don’t end up getting any buyers after a month or so, then you’ll probably want to invest your own money or time to promote your property listing in other marketplaces. These could be premium listings in newspapers, real estate newsletters, pay-per-click ads, etc. Some investments in professional photography and 360-degree tours might be a good idea too.
4) Ownership Costs
Simply maintaining ownership of your home is expensive. Think about all the costs associated with owning a home. The usual costs include utilities, repairs, maintenance, insurance, mortgage, and property taxes. The longer you have to wait to sell your home, the more money you will lose because of these ongoing expenses. That is why if you sold your home within days instead of months, you could save several thousands of dollars.
5) Commission Costs
A real estate agent charges a commission fee when they sell your home. The typical commission rate is about 6% of the total sales price. Imagine if you sold your home for $300,000 with a realtor. You would end up paying around $18,000 in commission fees alone. In addition, you might have to pay other fees in which the realtor incurred, such as marketing fees. It depends if the listing agreement you signed had any provisions about that.
6) Costing Costs
The escrow and title company services will add to your closing costs. You can expect to pay between 1% to 3% of the sales price for the closing of the deal. So, a $300,000 sale would mean you’d pay between $3,000 and $9,000 for the closing costs. That is insane.
Sell Your Home Fast in Glenpool, OK
How would you like to avoid all these costs? It doesn’t mean you need to have a “for sale by owner” listing either. You could simply sell your home to us and close on the deal fast. We don’t require you to make any repairs or use realtors. Our team will handle the entire closing process on your behalf. The cash offer we make on your home will be the exact amount of money you receive on the closing date. There are no other fees involved.
Contact us today at 918-297-6222 to get started.
WE BUY HOUSES TULSA!
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