JP Investment Holdings, LLC

Average Costs To Sell A Home


It is very important that when you are considering your different options, that you factor in ALL costs involved with selling a home.

The figures below are based on National Averages and may be even higher in some areas. These figures are based upon a selling price of $350,000.


REAL ESTATE COMMISSIONNational Average = 5 - 6 %6%$21,000.00
BUYER'S DISCOUNT OFF PRICENational Average = 2 - 10%6%$21,000.00
CLOSING COSTSNational Average = 2 - 4%3%$10,500.00
HOLDING COSTS:National Average = 6 months
Loan Payments during 6 months Holding Period$1,900/mo$11,400.00
Utilities (National Average) X 6 months$175/mo$1,050.00
Insurance (National Average) X 6 months$85.00$510.00
Lawn Maintenance / Cleaning X 6 months$150.00$900.00
MARKETING COSTS:Appraisal to justify asking price$475.00$475.00
Survey (sometimes required by contract/lender)$325.00$325.00
PROPERTY TAXESNational Average = 1.5% for 6 months$5,250.00$2,625.00
TRANSFER TAXESNational Average = $1.00 per $1,000$350.00$350.00
REPAIRSUnforeseen Repairs required by Buyer$1,000.00$1,000.00
HOME WARRANTYRequired by Buyer$500.00$500.00
TERMITES INSPECTIONRequired by Buyer & Lender$100.00$100.00
TOTAL AVERAGE SELLING COSTS$71,735.00 OR 21%

To determine the average costs of selling your particular home, you should budget 21% of your expected selling price for these expenses!

Another way of looking at it is to say you will receive net funds back to you at closing of 79% of your selling price in a typical sales cycle.

Most important thing to remember: The NET amount you receive is what matters most to you because it represents the actual amount YOU are receiving for your home!

Be sure when you are comparing offers for your home that you consider which of these expenses will apply to your situation and your buyer.

When you sell to us before you list your home, you will completely eliminate most of these costs entirely!!

Consider your timing: the average traditional listing requires 6 months to sell and close the transaction. With us, that 6 months is shortened to days! 

You also eliminate any risk of not meeting a deadline you may be facing to sell your home!