Did you know that more than six million homes sold in 2020? When the housing market is in the seller’s favor, many homeowners jump on the opportunity to sell their homes for a profit. 

What many people don’t realize is that selling a home comes with fees and expenses. If you are debating selling your home, you should be aware of how much money you will need to spend.

What is the average cost to sell a home? Keep reading to learn about the cost to sell a house. 

Real Estate Commission 

One of the biggest expenses you will encounter when selling a house is real estate commission. When you use a real estate agent to sell your home, they need to get paid. 

On average, you can expect to pay your real estate agent around four to six percent of the total selling cost. When looking for the right real estate agent, ask about their commission rate. It’s best to shop around for rates before you commit to using an agent. 

Home Inspection 

While you don’t have to get a home inspection before selling your house, it is always a good idea. Getting a home inspection can warn you of any plumbing issues, foundation problems, or HVAC problems. 

Many potential homeowners pay for a house inspection before buying a home, so it is good to know what to expect. The average cost of a home inspection is around $400. 

If you want to avoid getting a home inspection and the home selling process, you can get a cash offer for your home instead. 

Home Renovations

If you want to get top dollar for your home, you should consider doing home renovations before selling. While you don’t need to do major renovations, doing some small repairs can make a huge difference in the value of your home.

It is best to spend money on landscaping, paint, new light fixtures, minor kitchen renovations, and new flooring. If the home inspector finds problems with your house during the inspection, you should fix those issues as well. 

The amount of money you spend on home renovations depends on your preferences, the condition of the home, and your property value. When choosing home renovation projects, choose projects that make financial sense. 

Home Staging

Another one of the best home selling tips is to stage your home before selling it. When you stage your home, you give potential homebuyers an idea of what it would be like to live there.

You can stage the house on your own or hire a professional company to do the staging for you. To stage a home, choose furniture that matches the house, add fresh flowers, and make sure the home smells good. 

Regardless of the staging method you choose, you can expect to spend at least a few hundred dollars on staging. 

Are You Ready to Calculate the Cost to Sell a House?

Selling a house can give you a serious amount of cash, but you also need to consider the cost to sell a house. When you sell your home, you will need to pay for real estate commission, a home inspection, house renovations, and staging. 

Do you want to learn more about how to sell a house? If so, check out the home sellers and realtors category for more helpful tips!