When you list your house in Lehigh Valley, it’s important to remember that while real estate agents provide a service that can showcase your property to potential buyers worldwide, there are also a number of hidden costs that homeowners often overlook. To truly understand how much you’ll make from selling your home, you need to carefully account for these expenses. In this guide, we’ll break down five crucial costs you should be aware of before listing your property in Lehigh Valley.
Holding Costs
One of the first expenses to consider when listing your home in Lehigh Valley is holding costs. These are the ongoing costs of maintaining your property while it sits on the market. From utility bills and maintenance services to property taxes and insurance, these fees can quickly erode your potential profit, especially if your home takes months to sell. A real estate agent can’t give you an exact closing date, leaving you to carry these costs indefinitely. However, by working with a direct buyer like those at iBuyLehigh, you’ll gain the benefit of choosing your own closing date, backed by cash, with the certainty of a guaranteed closing on that specific day.
Professional Service Providers
Another significant cost to be aware of is the professionals you’ll need to hire during the listing process. From inspectors and appraisers to photographers and even drone operators for 360-degree virtual tours, these services are essential to making your property appealing to buyers. Yet, they also come with hefty fees that can add up quickly. When you sell directly to investors like those at iBuyLehigh, you can skip all these professional expenses, saving both time and money while still moving forward with the sale.
Professional Staging Expenses
Staging your home is another costly process that has become almost standard in real estate. Professional stagers often recommend renting storage space to remove personal items and redecorating with rental furniture to create a more appealing environment. This process is proven to increase the final sale price, but it can be expensive. Top agents often recommend it to clients, but the costs are something you need to factor in. However, selling directly to iBuyLehigh allows you to bypass staging altogether, walking directly to the closing table for a fast cash sale, usually within just a few weeks.
Commissions
When listing your home in Lehigh Valley, you should also be aware of real estate commissions, which typically amount to around six percent of the sale price. These commissions will be deducted from your profits at closing, along with any broker fees that may arise from working with agents. However, if you choose to make a direct sale to a professional investor like those at iBuyLehigh, you won’t have to worry about paying any commissions or hidden fees, as our contracts are straightforward and transparent.
Improvements
Repairing and improving your home is another significant expense to consider when listing your house in Lehigh Valley. If you choose not to make repairs, buyers may request a substantial reduction in the sale price to account for the costs they will incur to make those repairs themselves. Conversely, when you opt for a direct sale to a buyer like those at iBuyLehigh, you can sell your home as-is, without the stress of passing a home inspection or investing in costly improvements.
Are you interested in discovering how a direct sale to iBuyLehigh could be the solution you’ve been looking for? Let a direct buyer from iBuyLehigh compare your potential profits from a traditional listing with our fair cash offer, ensuring you understand the numbers involved. We’re here to provide you with all the information you need regarding listing your house in Lehigh Valley—with absolutely no obligation. At iBuyLehigh, we take the time to listen and understand your needs. Contact iBuyLehigh at (484) 549-0019.