Selling your home in Fort Walton Beach can come with a variety of unexpected costs. If you’re working with a real estate agent, you may find yourself facing expenses you didn’t anticipate. Before you list your home with an agent, it’s important to understand these potential costs so you’re fully prepared.
Selling a home the traditional way involves more than just listing it on the market. From agent fees to repairs and marketing, the process can quickly become costly. In this post, we’ll compare the expenses of selling with an agent in Fort Walton Beach versus selling directly to a cash buyer like Gulf Coast Home Buyers. You can also get a free, no-obligation offer from us to help you decide the best way to sell your home in the Fort Walton Beach area.
Costs of Selling Your Home with a Real Estate Agent
Agent Commissions
One of the biggest expenses when selling a home through a real estate agent is the commission fee, which usually amounts to around 6% of the final sale price. For example, if your home sells for $150,000, the agent’s commission will be approximately $9,000. However, it’s important to note that this is just one part of the overall cost of selling through a traditional agent. I
Closing Costs
When you sell your home through a real estate agent, you’ll also face closing costs, which cover things like transfer taxes, recording fees, and other transaction-related expenses. On average, these costs can amount to about 2% of the sale price. For a home sold at $150,000, you might incur an additional $3,000 in closing fees. However, when you sell directly to Gulf Coast Home Buyers, we cover all of the closing costs, saving you that extra expense. This streamlined process allows you to keep more of your sale price without worrying about hidden fees.
Repair Costs
Before listing your home, you may need to make repairs to increase its appeal to potential buyers. Once an inspection is completed, the buyer may request additional repairs or ask for credits to cover the cost of fixing issues. These repair expenses can quickly add up, making the selling process more costly than you might have anticipated. In many cases, homeowners end up spending more than expected on renovations, which can delay the sale and reduce the overall profit from the transaction.
Holding Costs
Owning a home comes with ongoing expenses like property taxes, insurance, and utility bills. If your home takes a long time to sell, these costs can quickly add up. Additionally, the longer your house stays on the market, the more you’ll spend maintaining it for showings, including cleaning, repairs, and keeping it ready for potential buyers. Selling directly to Gulf Coast Home Buyers helps you avoid these holding costs, as we can close in just a few days. This means you can move on quickly without the stress of prolonged expenses and property upkeep.
Marketing Expenses
Marketing your home through an agent can come with significant costs. You may need professional photos, premium listings, or signage to make your property stand out. While some agents include these marketing expenses in their commission, many do not, leaving you with additional costs that you might not have anticipated. These expenses can quickly add up, particularly if your home doesn’t sell right away. The longer your home sits on the market, the more you may need to invest in ongoing marketing efforts to attract potential buyers.
Selling Your House Directly to Gulf Coast Home Buyers
On the other hand, selling your home directly to Gulf Coast Home Buyers eliminates all of these costs. There are no agent commissions, repair expenses, marketing fees, or closing costs. You won’t need to clean, fix, or wait for the right buyer. We make the process quick and straightforward, allowing you to sell your home fast and move on without the stress or extra expenses.
If you’re considering selling your home in Fort Walton Beach, it’s important to weigh all the potential costs. Many homeowners are surprised by the hidden fees and expenses that come with working with an agent. Selling directly to Gulf Coast Home Buyers helps you avoid these surprises, saving you time, money, and a lot of stress.
If you want to sell your house in Fort Walton Beach without any of the costs or waiting, reach out to our team today to find out what we can do for you! (850) 972-0550