A lot of Texas home sellers believe that they can call up a real estate agent, tell them a little bit about their house, and quickly it will be listed and a buyer will be found. That would be amazing if it were true, but that, unfortunately, isn’t how it works. There is a lot that happens behind the scenes and tasks that are completed by both the seller and the realtor. With many traditional home sales, the seller will often find themselves spending a lot of money upfront in addition to the costs and commissions that must be paid when the property closes. In today’s article, we will discuss 6 hidden expenses when selling a home in Katy, or Texas in general.
Read on to find out some of the expenses that sellers often overlook when listing their homes on the MLS in Texas, brought to you by the Brilliant Day Homes Team!
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1. The Cost To Clean Up
Having a clean house for people to see cannot be overlooked. You will likely end up paying for cleaning products as well as giving up your time to make sure the house is spotless. Many sellers go with using a professional home cleaning company, along with specialized deep clean treatments for the carpets and power washing for siding. In addition, don’t forget that you will need to maintain a spotless home for all the people who want to come to see it. It becomes tiring when you get calls from realtors wanting to see your house with just a 30 minute notice. In order to accommodate as many potential buyers as possible, you’ll need to be able to show the property at a moment’s notice.
2. Additional Marketing Expenses
It is important to know that when working with certain real estate agents in Katy, you will only get a listing and minimal marketing. On more premium listings, you will likely be spending even more with needs such as professional photography. When doing For Sale By Owner, you will also find that you will have lots of marketing expenses just to get your house sold. While being able to sell your house quickly in Katy is often beneficial, having to pay for extra marketing in order to do it isn’t always expected.
3. Any Realtor Reimbursements
Real estate agents typically work for a set commission based on the sale price of your house (usually at 6% if listing the property and bringing the buyer). However, there are instances where agents will ask to be reimbursed. Open house expenses, minor fixes, and items used for staging are all things agents have been known to bill for. Before you sign a listing agreement with a real estate agent in Katy, make sure you know what’s included. In addition, I have seen real estate agents try and sneak things into the contract. For example, I came across an agent that actually listed that part of their payment was a car (on old BMW) that was abandoned on the property they were selling. The seller was extremely upset to find out they had done this and ended up firing them. Now, this isn’t the norm, however, you don’t want to get to the closing table and find out you owe your agent more than you had planned for.
4. Staging The House
If you take a look at a few listings, you will be able to see many approaches to photography and staging. Homes that are staged well perform much better and get much more attention than homes that are simply photographed as-is. Staging can be done by a professional of you can invest in a few decorative items to help make the home feel more inviting. Keep in mind that your taste may not be for everyone, so its best to keep things simple, classic, and neutral. This is where the eye of a designer can really come in handy. To save some of the expense, some home sellers will professionally stage only one or two rooms such as the living room and kitchen. In addition, you could opt for a virtual staging with a company like Box Brownie to save a few bucks. However, keep in mind you still need excellent photos for them to work with.
5. Fees For Storage
If you have a lot of stuff but nowhere to hide it away, you may want to consider renting out a storage unit for a few months. According to moving.com you should expect to pay anywhere from $10 to $100/month depending on the amount of storage space you require. Not only will you be able to hide your stuff away, but it will give you a jump start on your upcoming move. Boxing up your unneeded items now will save you time when you move into your new house. Cleaning up your house, removing any personal belongings, and eliminating the clutter will make finding a buyer much easier for you.
6. The Cost Of Your Time
Many people fail to factor in the cost of their time when trying to sell a house in Katy. From the cleaning to the repairs to preparing your house for property showings, putting your house on the Katy MLS can require a lot of work! Be sure to factor in lost wages as well as time away from your family when you are thinking about all of the costs home sellers face in Katy. Your time is valuable and if selling your house will require you to spend a lot of it, you may want to think about another option.
Selling your house Katy to a local home buyer like Brilliant Day Homes will help you avoid all of the costs listed above. It will save you time and it will help you quickly resolve a difficult situation with a problem property.