There are different costs associated with a traditional sale of your McAllen home. Keep reading to find out if working with an agent is really the right choice for your situation and property in our latest post!
Working with a real estate agent in McAllen to sell your house isn’t always the best option. When you factor in the costs, time, and effort required on your end, you may find that an alternative method of selling is the better choice for you. Below, we list five major costs you should be prepared for if you choose to sell your house the traditional way.
Repairs
When selling your house in McAllen, unless it’s brand new it will likely require you to make some repairs. There may be a number of smaller things that should be upgraded and when you crunch the numbers that can be a subtantial sum. And if your house needs major repairs, the costs will obviously go up especially with today’s crazy prices. Once the house is listed and an offer comes in, your potential buyer will pay to have an inspection done for the property. If all checks out, great! However, many times the inspection will come back with a punch list of new items they want fixed before closing date.
Professional Cleaning
When putting your house on the MLS in McAllen, you’ll want to give it the best shot. Even for the cleanest people out there, this may require the services of a professional cleaning crew to get the job done. Or maybe you need to hire people to come in and clean the carpets, powerwash the outside, or to rejuvenate stained floor tiles. Even if you aren’t in a situation where you need to hire a professional cleaning company, you will still have to tend to these things yourself which means time and money. Y ou need to decide how much is your time worth?
Marketing
The level of marketing provided by a real estate agent in McAllen will vary. While some provide comprehensive marketing plans at no costs, others will supply just the basics. When yoy look at the different types of listings you can spot the difference. Some houses are staged with professional photos to appear more spacious than they realy are. Then there are listing with photos taken by a cell phone, with kids toys on the floor and crowded kitchen counters. Having the top-of-the-line listings that will get the most attention will likely cost you a bit more in the long run. If you do decide to list your house in McAllen, make sure you know exactly what’s included. Between exclusive listings, signage, and print materials, you could be looking at many expenses you hadn’t planned for.
Commissions
In some cases, working with a McAllen real estate agent can be great, making their 6% commission fee well worth it. However, for some properties paying this amount in order to sell your house isn’t worth it. Six percent of your final sale price can be a large sum of money. Make sure your agent will be able to negotiate a good selling price for this high cost to make sense. Run the numbers before signing a listing agreement with a McAllen real estate agent. For some McAllen homeowners, a direct sale can be a better choice for the sale of their unwanted house.
Closing Costs
A home seller in McAllen will likely spend around 3.5% of their final sale price in closing costs when selling with a real estate agent. Things like recording fees, settlement fees, title search fees, surveys, existing liens, and pre-payment penalties are all paid at the closing table. Many of these costs can be eliminated when working with Dolfin RGV.