Austin’s real estate market is one of the hottest in the country.
The median home price in Austin is now $667,000, up over 18% in the past year. It may be a seller’s market, but that doesn’t mean that selling your home through the traditional method is the right thing to do.
The cost to sell a house these days is huge. In this post, we’re going to examine some of those costs so you can reassess the path to selling your home.Â
Fortunately, there are companies that buy houses in Texas for a fair price and without those nasty home selling fees. Keep reading and you’ll see that the “sell house fast” attitude might just be the best way to make the most money on your home.
What Is the Cost to Sell a House in Austin?
Selling your Austin home isn’t as easy as listing it and finding a suitable buyer. When you do things the way that the market tells you to, you’re going to have countless home selling fees that cut into the profit you can make on your house.
The biggest home selling fee that you’ll see is the one you pay to your realtor. A realtor typically commands a commission of at least 5% and most commonly 6%. If you’re selling your home for $400,000, that’s $24,000 you’re losing.
That’s just the beginning, however. The closing costs – title insurance, prorated property taxes, attorney fees, recording fees, inspections, etc. – amount to another 1% of the price of the home.Â
Dealing with the cleaning, home staging (if necessary), and any concessions that you make as the seller can add even more on top. All-in-all, you could be looking at 7-8% of the cost of the home in closing fees – close to $30,000 on a $400,000 home.
What to Do If You Need to Sell Fast?
All of the things we’ve mentioned above aren’t just expensive – they’re time-consuming as well. If you need to sell your home fast, whether it’s due to divorce, relocation, or foreclosure, the best bet is to look for companies that buy houses in Texas for cash.Â
At Lisa Buys Austin Houses, we aim to help Austin homeowners who might not be in the best position to sell their homes through traditional means. Not everyone can afford to hire a realtor and deal with the other closing costs that we’ve discussed here.
All you need to do is complete a form to get the process started. From there, we’ll put together a few different offers based on various factors. Choose the offer that best suits your situation and we’ll close on your house within 7 days.
There are no realtor fees, no closing costs, and we buy houses in any condition, so you don’t need to worry about maintenance or repairs.
You Don’t Have to Deal With High Home Selling Prices
The cost to sell a home is something a lot of homeowners in stressful situations tend to overlook. If you don’t want to be blindsided by huge realtor and home selling fees, then sell your Austin home to Lisa and Sean from Lisa Buys Austin Houses.Â
It’s a simple process that can have cash in your hands within a week. Contact us today to fill out our secure online form and get the ball rolling on selling your home.