The costs of listing a home in Knoxville are considerably greater than most homeowners realize. In order to properly prepare financially for the expenditure of funds, homeowners must have realistic expectations about actual listing costs. It’s unfortunate that not all costs are apparent, and all too often, homeowners are in a financial bind because they didn’t calculate the true cost of listing their house.
The information we have gathered can help you make a sound decision based on your financial and personal circumstances, whether listing with a real estate agent or selling on your own. Find out what the fees are for listing your home in Knoxville by reading on.
When listing their homes in Knoxville, 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 East Tennessee Home Buyers LLC 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?
Real estate agent commissions are one of the heftiest fees for homeowners listing their homes in Knoxville. Typically around six percent of the value, your home sells for will be paid out in commissions, split between the listing agent and the buyer’s agent. As the average home price continues to rise, currently the median home price is over $360,000 which equates to a commission of $21,600 which will be paid at closing.
When homeowners are listing their homes in Knoxville, don’t forget to add in the fees for the closing costs. While your prepping and marketing expenses all come out of your pocket upfront, along with the commissions you’ll pay all other fees such as the transfer tax, title insurance, escrow or fees for the closing itself, any attorney or HOA fees as well as any credit you’ve provided your buyers will come out of the final sales price at the closing.
For homeowners listing their homes in Knoxville, another expense you must account for is preparing the house before listing. A quick update to decor, a fresh coat of paint, and some new flooring will help get the home in show-ready condition but can put a big dent in your wallet.
Real estate marketing fees for homeowners listing in Knoxville 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.
Professional staging has become a standard for homeowners listing their homes in Knoxville, 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.
Among the costs that aren’t obvious for homeowners listing their homes in Knoxville 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.
Another fee for homeowners listing their homes in Knoxville 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 East Tennessee Home Buyers LLC, 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, East Tennessee Home Buyers LLC has the flexibility to set the closing at a date convenient to you.
At East Tennessee Home Buyers LLC, 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 East Tennessee Home Buyers LLC and sell your home without paying any out-of-pocket expenses upfront. The professional investors at East Tennessee Home Buyers LLC work every day to help homeowners, and we never charge homeowners commissions, closing costs or any hidden fees for listing their homes in Knoxville. Call East Tennessee Home Buyers LLC at (865) 935-8680.