Fees for Homeowners Listing Their Homes in Queens

Fees for Homeowners Listing Their Homes in Queens

When homeowners decide to list their homes for sale, there are various fees and costs associated with the process. Here are some common fees that homeowners in Queens, or any location, may encounter:

  1. Real Estate Agent Commission:
    • If you choose to work with a real estate agent, you will typically pay a commission based on the final sale price. The standard commission rate is around 5% to 6% of the sale price, but this can vary. Sellers often negotiate this rate with their real estate agent.
  2. Home Staging Costs:
    • While not mandatory, staging your home to make it more appealing to potential buyers can be beneficial. Staging costs may include renting furniture, decor items, and professional staging services.
  3. Professional Photography and Marketing:
    • Investing in high-quality photos and marketing materials is essential to attract potential buyers. While this isn’t a direct fee, it’s an upfront cost that can help your home stand out in listings.
  4. Home Repairs and Upgrades:
    • Before listing your home, you may need to make repairs or upgrades to enhance its market appeal. The cost will depend on the extent of the work needed.
  5. Closing Costs:
    • Sellers typically cover certain closing costs, including title insurance, escrow fees, and transfer taxes. These costs can vary, but they are generally a percentage of the sale price.
  6. Pre-listing Inspection:
    • Some sellers opt for a pre-listing inspection to identify and address potential issues before putting the home on the market. While not required, it can be a wise investment.
  7. Legal Fees:
    • You may need legal assistance to handle the paperwork and legal aspects of the sale. Legal fees can vary, and it’s advisable to consult with a real estate attorney.
  8. HOA Fees and Transfer Fees:
    • If your property is part of a homeowners association (HOA), you may need to pay fees or transfer costs associated with the sale. Check your HOA agreement for details.
  9. Utilities and Maintenance:
    • While your home is on the market, you’ll need to continue paying for utilities and ongoing maintenance. Keeping the property in good condition is crucial for attracting buyers.
  10. Home Warranty:
    • Some sellers choose to offer a home warranty to buyers, providing coverage for certain repairs after the sale. The cost of a home warranty can vary.

It’s important to carefully consider these fees and costs when planning to sell your home. Working with a real estate professional can help you navigate these expenses and potentially negotiate certain fees. Additionally, market conditions and local real estate practices may influence the specific costs associated with selling a home in Queens.

Fees for Homeowners Listing Their Homes in Queens

A Breakdown of Fees for Homeowners Listing Their Homes in

There are far more expenses involved in listing a home in Queens than most homeowners realize. Having realistic expectations about actual listing costs allows homeowners to properly prepare financially for the outlay of funds. Regrettably not every cost is apparent and all too often homeowners find themselves in a financial pinch because they didn’t calculate the true cost of listing their home on the market. 

Whether listing with a real estate agent or attempting to sell on their own, we’ve gathered all of the information to help you make a sound decision for your financial and personal circumstances. Read on as we explore a breakdown of fees for homeowners listing their homes in Queens.

Repairs

When listing their homes in Queens, making necessary repairs may be the most costly out-of-pocket expense that homeowners must pay before the house sells and it is likely their biggest concern. Now, if your home is brand new or like brand new, this may not be of much concern. However, with older homes, each passing day brings the potential for new and expensive discoveries that could lead to major repairs. There is no other way to make an educated decision than to have all of the facts. This is why the professional investors like those at Tristate Holdings 167 means you’ll have a complete accounting of how much it will cost to list and sell on the traditional market vs. a direct sale? 

Commission

Real estate agent commissions are one of the heftiest fees for homeowners listing their homes in Queens. Typically around six percent of the value, your home sells for will be paid out in commissions, split between the listing agent and the buyer’s agent. As the average home price continues to rise, currently the median home price is over $360,000 which equates to a commission of $21,600 which will be paid at closing.

Closing

When homeowners are listing their homes in Queens, don’t forget to add in the fees for the closing costs. While your prepping and marketing expenses all come out of your pocket upfront, along with the commissions you’ll pay all other fees such as the transfer tax, title insurance, escrow or fees for the closing itself, any attorney or HOA fees as well as any credit you’ve provided your buyers will come out of the final sales price at the closing.

Prepping

For homeowners listing their homes in Queens, another expense you must account for is preparing the house before listing. A quick update to decor, a fresh coat of paint, and some new flooring will help get the home in show-ready condition but can put a big dent in your wallet.

Marketing

Real estate marketing fees for homeowners listing in Queens will also include professional digital photography and a 360-degree tour for most homes. Providing less than the best digital imagery in your listing can result in a poor response from your potential buyer pool. Tech-savvy buyers scroll by most listings that don’t immediately present well. A problem with your listing can cause your home to linger on the market, meaning you are more likely to realize a lower final sales price.

Staging

Professional staging has become a standard for homeowners listing their homes in Queens, adding to the fees. Staging your home may also require you to pay for storage for all or some of your belongings. A stager may also suggest that you rent furnishings to better present the home both in marketing and during showings.

Holding Costs

Among the costs that aren’t obvious for homeowners listing their homes in Queens is the expense of holding the property month after month. As each month passes, the continued expenses associated with the property begin to deplete the profits, especially if something else should suddenly need to be repaired.

Timing

Another fee for homeowners listing their homes in Queens may be the expense of moving into temporary housing until your final destination is ready, which can be pretty expensive. You won’t need to worry about prepping, showings, or repairs if you work with a direct buyer from Tristate Holdings 167, we buy homes as-is for cash, so the closing can be fast if you’re under a time crunch

and your closing date is guaranteed. Not in a hurry? Then you can relax, Tristate Holdings 167 has the flexibility to set the closing at a date convenient to you.

At Tristate Holdings 167, you can speak with a professional investor with no obligation, these highly trusted and caring experts have the experience to help you solve your problems. Why not sell directly to Tristate Holdings 167 and sell your home without paying any out-of-pocket expenses upfront. The professional investors at Tristate Holdings 167 work every day to help homeowners, and we never charge homeowners commissions, closing costs or any hidden fees for listing their homes in Queens. Call Tristate Holdings 167 at 1-(888) 788-7478.

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in All States. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 1-(888) 788-7478...
  • This field is for validation purposes and should be left unchanged.

Call or Text 🤙