There are far more expenses involved in listing a home in Fort Myers than most homeowners realize. Having realistic expectations about actual listing costs allows homeowners to properly prepare financially for the outlay of funds. Regrettably not every cost is apparent and all too often homeowners find themselves in a financial pinch because they didn’t calculate the true cost of listing their home on the market.
Whether listing with a real estate agent or attempting to sell on their own, we’ve gathered all of the information to help you make a sound decision for your financial and personal circumstances. Read on as we explore a breakdown of fees for homeowners listing their homes in Fort Myers.
Repairs
When listing their homes in Fort Myers, making necessary repairs may be the most costly out-of-pocket expense that homeowners must pay before the house sells and it is likely their biggest concern. Now, if your home is brand new or like brand new, this may not be of much concern. However, with older homes, each passing day brings the potential for new and expensive discoveries that could lead to major repairs. There is no other way to make an educated decision than to have all of the facts. This is why the professional investors like those at Core Real Estate Properties means you’ll have a complete accounting of how much it will cost to list and sell on the traditional market vs. a direct sale?
Commission
Selling a home in Fort Myers can be a significant financial transaction, and real estate agent commissions are one of the major costs associated with the process. Traditionally, these commissions amount to around 6% of the final selling price of your home. This fee is typically split between the listing agent, who represents you the seller, and the buyer’s agent, who advocates for the buyer throughout the transaction.
With the median home price in Fort Myers currently exceeding $360,000, the commission on such a property would be a hefty $21,600. This is a significant sum to factor in, and it’s important to understand this cost upfront so you can make informed decisions throughout the selling process. Knowing the commission rate allows you to set a realistic asking price that nets you the profit you desire after factoring in agent fees and other closing costs. You can also use this knowledge to negotiate a commission rate with your agent, especially if you’re selling a higher-priced property.
Closing
When homeowners are listing their homes in Fort Myers, it’s important to factor in closing costs besides the upfront expenses you’ll incur. Prepping and marketing your home, along with the realtor commissions you’ll pay, are all costs that come directly out of your pocket. However, there are other fees associated with selling your home that are deducted from the final sales price at closing. These closing costs include things like transfer taxes, title insurance, escrow or closing fees, and any attorney or HOA fees.
Understanding these closing costs is essential to get an accurate picture of your net proceeds from the sale. For instance, let’s say you sell your house for $500,000 but the closing costs total $10,000. Your net proceeds from the sale would actually be $490,000. Knowing this ahead of time allows you to plan accordingly and price your home competitively. By factoring in these closing costs, you can estimate your net profit and avoid any surprises at the closing table.
Prepping
For homeowners listing their homes in Fort Myers, getting the house “show-ready” is an essential step to attract buyers and potentially secure a top-dollar offer. However, this process can come with unexpected costs that can chip away at your profits. Sure, a few minor updates might seem manageable. A trendy throw rug here, a light fixture swap there –– these small touches can go a long way in creating a more inviting atmosphere. But often, homes require more than just cosmetic tweaks. Outdated wallpaper might need removal, chipped paint might necessitate a full repaint, and worn-down carpets might beg for replacement. These seemingly small fixes can quickly snowball into a significant expense. Factor in the cost of materials, potential contractor fees, and the time investment involved, and preparing your house for listing can become a bigger financial hurdle than you initially anticipated.
Marketing
Real estate marketing fees for homeowners listing in Fort Myers will also include professional digital photography and a 360-degree tour for most homes. Providing less than the best digital imagery in your listing can result in a poor response from your potential buyer pool. Tech-savvy buyers scroll by most listings that don’t immediately present well. A problem with your listing can cause your home to linger on the market, meaning you are more likely to realize a lower final sales price.
Staging
Professional staging has become a standard for homeowners listing their homes in Fort Myers, adding to the fees. Staging your home may also require you to pay for storage for all or some of your belongings. A stager may also suggest that you rent furnishings to better present the home both in marketing and during showings.
Holding Costs
Among the costs that aren’t obvious for homeowners listing their homes in Fort Myers is the expense of holding the property month after month. As each month passes, the continued expenses associated with the property begin to deplete the profits, especially if something else should suddenly need to be repaired.
Timing
Another fee for homeowners listing their homes in Fort Myers may be the expense of moving into temporary housing until your final destination is ready, which can be pretty expensive. You won’t need to worry about prepping, showings, or repairs if you work with a direct buyer from Core Real Estate Properties, we buy homes as-is for cash, so the closing can be fast if you’re under a time crunch
and your closing date is guaranteed. Not in a hurry? Then you can relax, Core Real Estate Properties has the flexibility to set the closing at a date convenient to you.
At Core Real Estate Properties, you can speak with a professional investor with no obligation, these highly trusted and caring experts have the experience to help you solve your problems. Why not sell directly to Core Real Estate Properties and sell your home without paying any out-of-pocket expenses upfront. The professional investors at Core Real Estate Properties work every day to help homeowners, and we never charge homeowners commissions, closing costs or any hidden fees for listing their homes in Fort Myers. Call Core Real Estate Properties at 239-360-3176.