When most people make the decision to sell their homes, their first step is often to look for a local agent. Although agents can offer significant support throughout the selling journey, they are not the sole choice. With adequate preparation, you have the option to independently sell your home, which can result in saving both time and money. Check out our latest blog post, we’ll break down the typical costs of a traditional listing, helping you decide if hiring an agent is the best fit for your needs!
The Pre-Listing Costs
Before listing your home for sale in Kansas City, MO, be sure to closely review other properties on the MLS. Evaluate the listing prices of comparable homes and, more importantly, review the actual selling prices. How does your property compare? Will it stand out to potential buyers? To answer these questions, put yourself in the buyers’ shoes. Homebuyers are searching for the best value for their investment. They desire a property that combines quality and affordability, with amenities that cater to their requirements while aligning with their budget. This may entail making necessary repairs, enhancements, or upgrades to your home to enhance its appeal. Properties that linger on the market tend to lose buyer interest over time. If a property remains unsold, potential buyers may assume there are underlying issues. It’s crucial to make a strong first impression with a home that captivates buyers and presents exceptional value.
Agent Costs
Real estate agents are invaluable partners in the home selling process. While many agents work diligently to earn their commission, it’s essential to be discerning in your selection. Typically, when you list your property with an agent, you agree to a commission fee, usually around 6% of the final sale price, irrespective of whether you procure the buyer independently. Some agents may also impose additional charges for services such as administrative fees, listing expenses, marketing, professional photography, and more. It’s crucial to have a clear understanding of what services are covered in your listing agreement as every agent operates differently.
At The Closing Table
As the closing date approaches in Kansas City, be ready for more than just settling your agent’s commission. Alongside agent fees, you’ll also have to cover closing costs, usually around 2% of the property’s final sale price. These expenses encompass various fees like appraisal charges, taxes, title search, deed recording, credit checks, and other related costs.
When selling a property through traditional channels, various costs can accumulate rapidly and may fluctuate based on your sale’s unique circumstances. By opting for a direct sale to Faithful Home Buyers KC LLC, you eliminate the need to concern yourself with these expenses as Faithful Home Buyers KC LLC assumes responsibility for all such fees. This guarantees a transparent closing process devoid of any unexpected costs, enabling you to concentrate on the essential aspects: finalizing the sale and planning your subsequent moves.
Time Is Of The Essence
When you decide to list your property, it can feel like a gamble. There are no guarantees on the final selling price or the closing timeline, making it challenging to plan for the future and move forward. Additionally, you must continue covering expenses such as insurance, taxes, and utilities until the sale is finalized. While an agent can suggest a listing price, it doesn’t ensure a sale at that value. Opting for a direct sale to Faithful Home Buyers KC LLC provides you with transparency on the sale amount and closing date upfront, eliminating uncertainties. Our goal is to simplify the process and offer clarity at every step.