Are you thinking about selling your house in Indianapolis? If so, you might be taken aback by some of the expenses linked to selling your property. From repairs to commissions, there are numerous costs that can accumulate quickly and affect your overall profit. In this blog, we will delve into six surprising costs you might encounter when selling your house in Indianapolis. Additionally, we’ll go over how 317 Home Buyers can assist you in avoiding some or all of these expenses by providing a fast, fair, and direct sale.
1. Repairs and Renovations
One of the most substantial expenses associated with selling your house is definitely repairs and renovations. Before putting your property on the market, you may find yourself needing to address various repairs to ensure it’s in excellent condition and attractive to potential buyers. These repairs can span from small cosmetic updates to significant renovations, such as kitchen or bathroom renovations, changing old and worn flooring or mechanical system updates. It’s crucial for your property to stand out among other listings while also addressing necessary repairs post-inspection. This is because if you wait to address many of these repair items until the house is listed you may cost yourself extra time trying to find a buyer who is willing to overlook these issues or if a buyer’s home inspector catches these issues then you may not have time to choose the most cost effective repair method in order to stay on course to closing. The costs associated with repairs and renovations can accumulate rapidly, impacting your overall profit.
Yet, when you work with 317 Home Buyers, you can set aside concerns about making repairs or renovations. We buy houses in Indianapolis as-is, meaning we’ll buy your property in its current condition, regardless of any needed repairs or renovations.
2. Closing Costs
Another substantial cost in selling a house is the closing costs. These costs encompass a range of things, including title insurance, appraisal fees, attorney fees and a slew of charges from the title company themselves. The total expenses can build to thousands of dollars, depending on your property’s value.
By teaming up with 317 Home Buyers, you can forget about covering closing costs because we pay all of the closing costs. We handle all regular closing costs, ensuring you can sell your house without incurring thousands of extra transaction related fees.
3. Commissions
One of the most significant expenses when selling a house is commissions. Real estate agents typically charge a commission fee of 5-6% of the total sale price. This fee can add up to thousands of dollars and impact your overall profit.
When you work with 317 Home Buyers, you don’t have to worry about paying any commission fees. We offer a fast, fair, and direct sale, which means you can sell your house without any commission fees or hidden costs.
A major cost associated with selling your house is the commission paid to real estate agents. Real estate agents may charge a commission fee ranging from 5-7% of the total sale price. This fee will accumulate to thousands of dollars, significantly affecting your overall profit. For instance, if your house sells for $200,000 and you agreed to pay the agent 7% commission, you would be paying $14,000 in commission.
Choosing to work with 317 Home Buyers means you pay absolutely no commissions. We buy houses in Indianapolis directly from you, allowing you to sell your house without having to pay any commission fees or undisclosed costs to a real estate agent.
4. Holding Costs
Holding costs are another significant expense when selling a house. Holding costs can include various expenses, such as property taxes, homeowner’s insurance, maintenance costs, and utilities. These expenses can add up quickly, especially if your property is on the market for an extended period.
When you work with 317 Home Buyers, you don’t have to worry about paying any holding costs. We offer a fast, fair, and direct sale, which means you can sell your house quickly and avoid any ongoing expenses.
Still another expense you’ll face when selling your house is the cost of owning and maintaining the house, referred to as holding costs. These costs encompass various expenditures like mortgage payments, property taxes and homeowner’s insurance (which may be part of your mortgage payment), maintenance costs, and utilities. These expenses can compound fast and really impact the bottom line of selling your house, particularly if your property remains on the market for an extended period.
Working with 317 Home Buyers eliminates concerns about paying holding costs. We provide a fast, fair and direct sale, meaning you can sell your house quickly in Indianapolis and steer clear of any ongoing holding costs.
5. Staging and Photography
Another expense when selling your house is staging and photography. To make your property appealing to potential buyers, you should hire both a professional stager and photographer. These services will likely add up to thousands of dollars, depending on the size of your property. However, many statistics exist to prove that decluttering and staging along with professional pictures will garner a higher sale price and typically help you sell your house faster as compared to non-staged or non-professionally photographed homes.
When you work with 317 Home Buyers, you don’t concern yourself with either staging or photography. We buy houses as-is, which means you can sell your property without any additional expenses related to making it look it’s best.
6. Negotiations and Contingencies
Finally, negotiations and contingencies can result in additional costs when selling a house. Potential buyers might request various contingencies, like a home inspection or appraisal, leading to extra expenses. Negotiations can also be time-consuming and stressful, particularly if you’re unfamiliar with the process.
When you choose to work with 317 Home Buyers, you don’t have to concern yourself with lengthy negotiations or contingencies. We provide a fast, far, and direct sale, ensuring you can sell your house fast without incurring any extra costs.
Selling your house in Indianapolis can be both costly and stressful. From repairs to commissions, numerous expenses are associated with selling your property. However, working with 317 Home Buyers allows you to eliminate these costs and sell your property quickly and efficiently. We offer a fast, fair, and direct sale, enabling you to bypass the complicated and expensive steps associated with selling your house on the market with a real estate agent. Reach out to 317 Home Buyers today to discover more about how we can assist you in selling your house fast in Indianapolis. 317-623-4734