Yes it will cost money to sell your home, however those expensives are generally not out of pocket. A Realtor can charge whatever they feel is a fair price for there services whether it be a flat fee or a percentage of the list price. Each agent is different and therefore the charge will be different. Most agents work for FREE until they actually sell the property and then all costs come out of the proceeds. This way, the agent will foot the expense for all the advertising, signing and promotions to get your property sold for you.
Your additional costs (also known as closing costs) for selling could include but are not limited to;
1. Commission of the agent - previously discussed
2. County Recording Fees (Generally less then $100)
3. Escrow Fee (You generally split this with the buyer 50/50) this depends on the price of your condo.
4. Buyers closing costs (This is negotiated in the deal and you may or may not pay this - generally 3-6% of the price)
5. County Transfer Taxes ($5.10 per 1000 - again based on the price)
6. Owners Title policy (Based on the price of your property)
7. Reconveyance Fee ($250 or less)
8. Home warrantee (This is if you are paying for the buyer - negotiable generally $450)
9. HOA Transfer Fees (depends on your association up to $350)
10. Prorated tax amounts (For any taxes you havent paid up till the last day of ownership)
11. Prorated sewer/trash (Sometimes this is included in HOA .. Sometimes its independent)
12. Brokerage Fee (Which is a fee above the commission - charged by the agents broker)
13. Loan Discount Points - This is so the buyer can purchase and is rare in this 2013 market but still possible
Until the value of your property is determined, there is no way to give you a true break down of cost. I would recommend setting up a time to meet with an agent, see if your comfortable with the answers they provide to your questions and then sign up to get your home sold! It's a great time for sellers to sell.
Great question and GOOD LUCK!
Do your homework. Be honest with your agent. And once you have decided, make sure you listen to your agent and follow what they tell you to do. We do this full time and have much more experience than the average home owner. We know what pitfalls may lie ahead and how to avoid most of them.
When you do these things, you will obtain the outcome you are searching for.
Best of luck in your home sale.
We would appreciate the opportunity to meet with you to discuss your condo and provide you with our opinion of it's current market value.
Don George & Amanda Barron George
Realty ONE Group
Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
The biggest question here is strategy. Do you sell before and move twice? Do you get a loan secured now or later. How hard is it to get a house. Do I have any unlisted houses you can look at.
It's a funky market and you need an agent who knows it backwards and forwards.
With over 20 years of Las Vegas Real Estate experience each, we're the team to use.
Give us a call and we'll strategize.
Realty One Group
Commissions are negotiable....!
Closing costs can be at a minimal right now because there is low inventroy here in town.
In most cases,...buyers have to be competitive to get their offer accepted,..many times bidding up and taking on most of the cost.
Give me a call when you have a moment and I will happy to discuss the current market situation with you and help you to put a stategy together...
Contact info is below...
Hank Lauzon III
Exit Realty Number One
6600 W. Charleston #119
Las Vegas, Nv 89146
Web : http://www.HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.
Best is for you to connect with a local Realtor, if you need a recommendation get back to me I gladly send you a good recommendation, and discuss all the expenses you will have and eventually you may
have to do a few things to make your home ready to be put on the market, small things that show your
home better than without doing them.
Good Luck to you
Sincerely yours, Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE :)Covering for @Properties Chicago & suburbs,
and with her trusted Partner Agents US & world wide properties. French, German, some Spanish &more
Check out my website http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
VIP Realty Group
There are no set commission costs, however, the average total commission is about 6% in Las Vegas. Closing costs will vary between 1-3% depending how the buyers offer is written. Feel free to contact me to discuss the costs in more detail.
Jason J. Schielke
Keller Williams Realty Las Vegas
3100 S. Durango Drive
Las Vegas, Nevada 89117
Direct: (702) 858-7598
Office: (702) 212-2222
Fax: (702) 543-3830