Selling a home in Novi, Northville, South Lyon or Plymouth, Michigan can be daunting, but it’s important to know the true cost of selling a home before diving in. According to 2022 data, the cost of selling a home is roughly 10-12% of the sale price. This includes agent commissions (5-6% of the sale price, split between the two agents), attorney fees, transfer taxes, and other administrative costs (1% of the sale price), and home repairs and inspection requests (ranging from $100-10,000).
But that’s not all. There are also optional expenses to consider, such as moving costs (averaging $1,400 for a local move and $2,200-5,700 for a cross-country move), interior staging, and exterior landscaping (18% of seller’s agents said staging increased a home’s value between 6-10%), seller concessions (to sweeten the deal for potential buyers) and home warranties (costing $300-500).
One mistake many sellers make is pouring money into the wrong improvements before getting an agent involved. This can be a costly mistake and ultimately decrease the value of your home. To get the most out of your home, it’s important to work with a real estate agent who can focus your efforts and help you get every dollar out of your home.
Don’t hesitate to reach out to me, Jeff Duneske, for a seller’s consultation. I am a seasoned real estate agent with over 22 years of experience in the Novi, Northville, South Lyon, and Plymouth, Michigan area, and I am more than happy to help guide you through the process and ensure that your home is priced and presented in the best possible way to attract potential buyers. Contact me today to schedule a consultation.
