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How Much does it REALLY Cost to Sell your House in Baltimore?

How Much Does It REALLY Cost To Sell Your House In Baltimore?

Do you know how much it costs to sell your house in Baltimore? When you work with a real estate agent, there can be a large number of costs that home sellers aren’t always aware of. Before you sign a listing agreement with a Baltimore real estate agent, make sure you are aware of the costs you will likely face! 

Many people are not prepared for what is required of them when selling a house with a Baltimore real estate agent. There are many costs, time commitments, and exhausting activities that go into selling your house the traditional way. Below, we will take a look at what it costs to sell your house with an agent in Baltimore, versus what it costs to sell your house directly to a professional home buyer. You can get an offer from our team so you can plug in the numbers for your property, and determine which way of selling your house is right for you!

Option A: Hiring an Agent in Baltimore

1. Realtor Commissions

When you hire a real estate agent in Baltimore to help you sell your house, you’ll be faced with commission costs when the house eventually sells. These costs can be a huge blow to a seller’s profits as the average commission typically runs around 6% of the final sale price here locally. So let’s say you sell your house for $150,000. You will have to fork over $9,000k to your real estate agent, and that is not including all the other costs and fees.

2. Closing Costs

Closing costs include things like transfer taxes, recording fees, and other miscellaneous costs of the transaction. When you work with a real estate agent to sell your house in Baltimore, you can expect to spend about 2% of the final sale price on closing costs. So again, if your house sells for $150.000, you’ll be on the hook for another $3,000. When you sell your house directly to Maryland Home Buyers, we will pay all the closing costs, eliminating many of the fees and expenses that home sellers often face.

3. Make Necessary Repairs

Depending on your property, your repair costs can total up to a small fortune. You may find yourself making repairs before you list the house, only to have them snowball into major expenses. In many cases, you may find that you have to make even more repairs after the inspection. Often, buyers will try to negotiate the price after the inspector has come through, asking you to make the needed repairs, or by issuing a credit on the price of the home.

4. Holding Costs

Many people don’t realize how much it costs to own a home. As a property owner, you are dealing with things like property taxes, homeowners insurance, and utility bills. The bills can get pretty high if your home is older, and not energy-efficient. You’ll also have to contend with the continued maintenance, repair costs, and expenses required to keep the house ready for property showings. If your house sits on the MLS for a long time, your holding costs can add up! But when you sell your house directly to Maryland Home Buyers, we will close on your property on the date of your choice.

5. Marketing Expenses

Marketing costs when selling your house the traditional way are no joke. Depending on your agent, you may find you are spending a lot of money to market the house on your own. You may need premium listings, professional signage, or photography in order to showcase your property in its best light. Don’t assume that because you hire an agent all of your marketing costs will be covered. Every agent is different and you may wind up spending more than you think to sell your house fast in Baltimore.

Option B: Selling your House Directly

On the other hand, selling your house directly to Maryland Home Buyers, won’t cost you a thing. While not every buyer works in the same way, selling your house to us will free you of any costs or fees. You won’t have to worry about making repairs, cleaning up, or having to wait around for a buyer to come along. There are no commissions, no agent fees, and no marketing costs. You will be able to sell your house quickly in Baltimore free and clear, once and for all!

Before you sell your house in Baltimore, you need to know exactly what it will cost you. Many home sellers are blindsided by costs and fees they weren’t expecting when they work with a local real estate agent. Before you sign a listing agreement, take a look at what we can do for you. A direct sale may be the solution you need for your house in the Baltimore area! However, you won’t know for sure until you get a no-obligation offer from us!

If you want to sell your house in Baltimore without any of the costs or waiting, reach out to Maryland Home Buyers today to find out what we can do for you! (410) 657-2523

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