Are you planning to sell your home in Salt Lake City? While it’s an excellent time to take advantage of high property equity, selling isn’t all profit. Here’s a breakdown of the costs you should anticipate:
Pre-Sale Costs:
These include inspections, repairs, renovations, and cleaning. While not required, these steps can significantly boost your home’s appeal and price, helping you sell your house fast. A well-maintained, clean home with minor upgrades tends to attract more buyers. Consider a pre-listing meeting with your agent to discuss what improvements will offer the best return on investment.
Selling Costs:
Expect expenses like real estate agent commissions, typically ranging from 3% to 6% of the sale price, along with marketing costs. Your agent may offer various commission packages, allowing you to choose a service level that suits your budget.
Closing Costs:
These fees cover title transfers, escrow, and other expenses, typically ranging from 0.5% to 1% of the sale price. Some costs, like seller concessions, are negotiable, helping you sell your house faster.
Selling a home in the Utah real estate market requires careful planning, but the Stern Team is here to assist. Contact us today for a personalized breakdown of your selling costs and tips on how to sell your house quickly.
