article thumbnail

Selling your home? Make sure you’re aware of hidden costs

Housing Wire

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Staging Costs. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. Seller Concessions.

article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. We do not want to, as we already have a vehicle through the sellersconcession. Assisting homebuyers and their agents adds more to an LO’s plate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Seller concessions. Home staging and preparation. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy. Seller concession. Agreeing to pay 2% toward a buyer’s closing costs on a $450,000 home sale would result in a $9,000 seller concession.

article thumbnail

Fees and Costs Associated With Selling a House in 2023

HomeLight

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. Install fresh mulch for another $1,749 boost.

article thumbnail

What Is the Cost to Sell a House in Texas?

HomeLight

What are common expenses for home sellers in Texas? Staging: $78 to $109 per hour , or about $7,765 for a 2,000-square-foot home. Seller concessions. A concession occurs when a seller agrees to use part of the proceeds from their home sale to cover some, or all, of a buyer’s closing costs. Selling expense.

article thumbnail

What Is the Cost to Sell a House in Massachusetts?

HomeLight

You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Staging the house: $2,300. Seller concessions. Seller concessions are indirect costs that you may offer to the buyer to make your home more attractive.

article thumbnail

What Is the Average Cost to Sell a House in California?

HomeLight

You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Staging the house: $2,200. Seller concessions. Seller concessions might be a cost to sell a house in California. Seller concessions.