Selling a house can come with a variety of costs, both big and small. The largest cost is typically the real estate agent commission, which is usually around 6% of the sale price. This can amount to a significant sum of money, especially for more expensive homes. For instance, on a $500,000 home, the commission would be $30,000.
There are also other costs to consider, such as closing costs, which typically range from 2-4% of the sale price. These costs can include things like transfer taxes, title insurance, and attorney fees. In addition, sellers may also need to pay for things like home repairs or upgrades in order to make the house more attractive to potential buyers.
Overall, the costs of selling a house can add up quickly. It's important for sellers to be aware of these costs and budget accordingly. By being informed and prepared, sellers can ensure a smoother and more successful sale.