How much does it cost to sell your home? More than you might think.
Homeowners shell out an average $15,190 nationwide in the course of offloading a house, according to a new report from home sale website Zillow and Thumbtack, a local services marketplace. That includes real estate commissions, transfer taxes and hiring pros for common home prep projects like cleaning and repainting.
(The study assessed costs in the largest 35 metropolitan areas, excluding New York and San Jose.)
Some of those expenses could be a surprise for first-time sellers — who represent nearly two-thirds of those who sold a home in the past year, per Zillow’s data.
“For those planning to sell this year, take your time to research all the costs you could be responsible for and how they may affect your profit, or even budget for your next home,” Jeremy Wacksman, chief marketing officer for Zillow, said in a statement.
Don’t forget about these seven potential costs ahead of a home sale:
1) Real estate commissions
U.S. average: $11,790 (based on a median home value of $196,500). The typical commission is 6 percent, according to Zillow.
Priciest city: San Francisco, where the average cost is $50,592 (based on a median home value of $843,200)
Cheapest city: Cleveland, where the average cost is $7,944 (based on a median home value of $132,400)
2) Home staging
U.S. average: $1,208
Priciest city: Los Angeles-Long Beach-Anaheim, where the average cost is $2,590
Cheapest city: Riverside, California, where the average cost is $253
3) Interior painting
U.S. average: $1,141
Priciest city: Seattle, where the average cost is $1,460
Cheapest city: Columbus, Ohio, where the average cost is $847
4) Transfer tax
U.S. average: $742 (based on an average tax rate of 0.38 percent). Not all cities assess a transfer tax.
Priciest city: Seattle, where the average cost is $8,654 (based on a 2.03 percent tax and a median home value of $426,300)
Cheapest cities: Nine cities in Zillow’s report — Indianapolis; St. Louis; Kansas City, Missouri; San Antonio, Texas; Houston; Dallas-Fort Worth; Phoenix; Austin, Texas; and Portland, Oregon — do not assess any transfer tax.
5) Carpet cleaning
U.S. average: $124
Priciest city: Boston, where the average cost is $154
Cheapest city: Orlando, Florida, where the average cost is $94
6) House cleaning
U.S. average: $119
Priciest city: Minneapolis-St. Paul, where the average cost is $140
Cheapest city: Boston, where the average cost is $105
7) Multi-service lawn care
U.S. average: $66
Priciest city: Boston, where the average cost is $138
Cheapest city: Dallas-Fort Worth, where the average cost is $38
Or consider selling your home to us without any of the hassles that we just mentioned.
No repairs, renovations, remodeling, or clean-up is required. No waiting for buyers to view the house. No waiting to see if buyers can get financing. We use our years of experience to provide a better way for homeowners to sell their homes. We make the process dramatically more efficient and hassle-free.We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to wait to see if the buyer can get financing… we’re ready to buy your house right now!