If you plan on “listing a Dallas house,” there are costs to contend with before you list, during the listing process, once an offer has been made and when you find yourself at the closing table.
In our latest post from We Buy Houses Cash Dallas, we will take a look at some of these listing costs so you can determine if a direct sale of your property would be the better choice for your situation.
The price to sell a house in Dallas can fluctuate greatly. It all comes down to the house itself, the needed repairs, the location, etc. Each agent will work a bit differently. Some will charge you for things, while others are “all-inclusive.” Before you commit to an agreement, find out what listing your house in Dallas, will really cost you!
Before you even talk to an agent or get started on a listing, you will need to take care of the following things. Some you can do yourself, while others you might have to pay for. You might need all of these things, but they are all important if you are considering listing your house in Dallas, with a realtor.
Simply put for your understanding, if you have a house and need to sell it… we can take you from CASH offer to closing at Title Co. table in 5 days, or on your time frame. So, if you’re saying to yourself sell my house fast Dallas. You are at the right place.
To create an environment that is appealing and welcoming, you will want to make sure the house is clean. You can do a good job yourself, but bringing in a professional to do a thorough cleaning of the house from top to bottom, can make the whole house look different. Any realtor that is listing your house in Dallas, will take a fee for finding you a professional make ready for your house.
If you aren’t replacing the carpets or flooring, you will want to pay to have a professional clean those as well. Don’t neglect the outside. If you have a second story, it might pay off to hire a pro to come wash your windows!
While cleaning the home, it is a great time to pack away all of your unnecessary items. People don’t want to see personal possessions or clutter when touring your home, so you will want to make sure everything is packed away. You might need to consider an offsite storage space or pod to hold your items until you have moved into a new house.
Many buyers say they can easily visualize themselves living in the house when it is staged correctly. As well, houses that are staged sell quicker than those not staged. But, will the seller recoup the expense to stage the house?
Will you recoup the staging fee and the rental on the furniture, furnishings and accents while the house is not sold. So, we believe that only certain houses need to be staged. While thos first time home buyer houses may not need staging, those more expensive houses will need to be staged.
This is another expense that comes up when you are listing your house in Dallas, with a real estate agent. Just another expense that you can avoid when you contact and sell your house to a professional Cash buyer.
Repairs & Upgrades
You will want to fix up anything visibly broken or worn. This includes fixing and painting walls, replacing cracked tiles and smoothing floorboards. You might also take this opportunity to make minor upgrades such as new fixtures or hardware. Spending money on these things can help improve the value of your home. You just need to be comfortable paying up front. The realtor listing your Dallas house, will also take a fee (that you may or may not know about) for finding the contractors to make those repairs for you.
As well, you do want to consider the return on your money spent to make all those repairs, major repairs or not. Will you see a good return for aking those repairs? At We Buy Houses Cash Dallas, we do not charge you to make repairs to your house. We will buy your house in it’s as-is-condition, no repairs needed. You can also compare what it cost to make repairs to your house, verses what we will pay you to buy your house.
You can’t have a beautiful house listing in Dallas, with an ugly yard. The front yard is the first thing people see. This should not only be cleaned up but also used to showcase your home. Many people will add plants, flowers, new doors or fencing to make their curb appeal pop.
While The House Is Listed
While the property is on the market, you will still find yourself paying to have it for sale. There are many expenses you will be paying during this time that you could avoid with a fast and direct sale upfront. Your real estate agent will be happy to take thier fee for finding all those contractors and cleaning companies after listing your Dallas house.
While the house sits on the market, you will still need to pay the monthly utilities. Even if you have moved out of the house, you still need to keep the water and electricity on for people viewing the home. You will also have to continue paying the homeowner’s insurance and property taxes up until the day of closing. You will also need to continue taking care of the cleaning and routine maintenance of the home.
With many properties sitting on the market then having to go through escrow, it could be months until the house has officially closed. During this time, you could be out thousands of dollars, you could have otherwise kept in your pocket. These are cost and expenses that you can avoid when you sell your house to We Buy Houses Cash Dallas, prior to listing your Dallas House.
Some agents will include great marketing, while others will not. To have success listing your Dallas house, you will want to ensure there are great photos of the home. Some people are even hiring drone photographers to capture their homes from above.
After the cost of listing your home, hacving to pay your real estate agent commissions there are fees to be paid as well. Remember, your real estate agent will take a fee for searching for contractors, all contractors. What about the taxes? Capital gains taxes come into play once the house is sold and the IRS will be waiting in line with others when you go to the closing table. Should you fail to pay the IRS at that point, once they find out you sold your home, (and they will find out,) they will send you a letter to make payment on those Capital Gains Txaes.
After An Offer Has Been Made
Until an offer has been made, and accepted, you will still be responsible for the insurance, utilities, and taxes up until the day of closing. Depending on the lender this could add several weeks to your timeframe. In turn, adding more money you are paying to own the home. When listing your Dallas house, you understand that most offers are contingent on an inspection and appraisal process. You can avoid the below costs with a direct offer from a company who purchases as-is.
Once the inspection has been completed, you might have to negotiate repairs based on the severity. If there is a major problem with the house, the potential buyer will likely request it be fixed before going through with the sale. (The bank isn’t likely to fund a loan for a damaged property either.) If your buyer decides to rescind the offer, you will need to disclose the needed repair to all potential buyers going forward.
At The Closing Table
Once you are signing final sale paperwork, it is also time to sign over a check to your agent. This will typically run about 6% of the final sale price of the home. You have to ask yourself, do I really want to pay a real estate agent to sell my house? I could sell it directly to a profeesional house buyer and not have to pay an agent or make repairs and or work the landscape for curb apeal. Listing my Dallas house, is getting expensive.
Many additional fees are lumped together as closing costs. These include document filing, title search fees, credit check costs, transfer taxes, property taxes and more. On average, this will run you another 2% of your final sale price.
Once you add up all the costs, you can see that listing your Dallas house, may not be right for every property. Many people find greater benefits by choosing a direct sale! Run the numbers for yourself, and make the decision that works best for you!
Interested in selling without the traditional listing costs? We can help! Give us a call today to ask question or for a Cash offer at (214) 723-1304.