How Much Does It Cost to Sell Your Home in Grey-Bruce & Simcoe County?
Selling a home on the traditional real estate market can take months. You will have to find a Realtor, make any necessary repairs or renovations on your home, stage and prepare your home for tours, negotiate offers, host home inspections and appraisals, make any further repairs if required, and pay your Realtor a commission upon closing.
PAYING A REAL ESTATE AGENT
Most people in Grey-Bruce & Simcoe County use a real estate agent when selling their home, paying real estate agent commission. Commissions paid to real estate agents in Grey-Bruce & Simcoe County typically range between 3% to 7% of the final selling price, depending on the agent used. So, for example, commissions on a home that sells for about $544,980 — the average price you have to pay an agent in Grey-Bruce & Simcoe County, would total $16,349 to $38,148.
RECOMMENDED REPAIRS
The exterior is the first thing buyers will see, your real estate agent wants it to look good. They will ask you to replace missing fence boards, make sure the grass is mowed and that weeds are taken care of before someone comes to view the home, and clean up any junk that may have accumulated in your yard.
Moss growth on the roof, missing shingles, and problems with the siding are other things that buyers will notice when viewing your home. Having all these things fixed will cost you time and money.
People want a large, spacious kitchen with all new appliances where they can cook and entertain friends and family. If your kitchen does not satisfy their desires without significant upgrades they may not be interested on your home.
As far as appliances go, buyers expect these to work. If the oven, dishwasher or range don't work properly, your real estate agent may want you to replace them to appeal to buyers. Costing you a fortune.
The bathrooms are areas where buyers will put their focus. They are also the most expensive areas in a home to upgrade.
Having wallpaper in your home will discourage buyers. Many will ask you to remove it before they buy it.
Your real estate agent may claim that paint is one of the cheapest, easiest ways to update the look of your home before you list it. But the true is that to paint a small house can cost thousands of dollars.
HOME STAGING
If your house is empty or have outdated furniture you will need to hire a professional home stager. As a general rule of thumb, the average cost for most stagers is $300 to $600 for an initial design consultation, and $500 to $600 per month per staged room. "Therefore, staging a 2,000-square-foot home would cost around $2,000 to $2,400 a month," explains Toronto real estate professional Crystal Leigh Hemphill. Most professional home stagers also require a three-month minimum staging contract, "even if you sell the home in 24 hours." That could bring your final staging bill to $7,200.
PRE-LISTING HOME INSPECTION
Real state agents often recommend sellers get a pre-listing home inspection before they put their house in the market. A pre-listing home inspection gives Sellers the opportunity to fix proactively any issues with the house before it hits the market, or factor the cost of those issues into the asking price. The transparency of a pre-listing home inspection gives Buyers confidence, and that means more offers.
Pre-listing home inspections in Grey-Bruce & Simcoe County cost $400-$600.
LEGAL FEES
Lawyer Fees will need to be paid before the sale is finalized. The cost will depend on the law firm you choose and the price of your home. Generally in Grey-Bruce & Simcoe County, you can expect to pay about $1,200 to sell a $ 550,000 home.
Selling your house can be a very stressful experience. It can be emotionally challenging to make repairs or upgrades to a house that you will not longer live in. The home needs to spotless for multiple showings during several months. Even if your Real Estate agent finds a buyer who’s perfect for your home and everything seems to be in order, a last-minute loan problem or renegotiation can derail your deal and send you back to square one through no fault of your own.
It’s no wonder that many homeowners would prefer to work with an all-cash buyer such as House For Cash when selling their house. The sales process with House For Cash is almost always smoother and more convenient for the seller, with no loan contingencies that might cause a sale to fall through, and the seller doesn’t have to make any repairs to their house before transferring ownership to the House For Cash.
