How does the process work when selling my house?

Contact us by filling out our online form or giving us a call. We'll review the property details and schedule a visit. You'll receive a no-obligation cash offer within 24-48 hours, and if you accept it, we can close in as little as 7-14 days or on a schedule that works for you.

Will I need to make repairs or clean up my property before selling?

At Got Props, we buy houses as-is, meaning you don’t need to worry about repairs, cleaning, or any prep work. We handle everything after closing.

How do you determine the offer on my house?

We base our offers on the property's condition, location, comparable sales, and estimated repair costs to ensure a fair and transparent process.

Are there any fees or commissions when I sell my house?

Unlike traditional real estate agents, Got Props doesn’t charge any commissions. You won’t pay for inspections, appraisals, or closing costs. The offer we make is what you’ll receive at closing, with no hidden fees.

What types of properties do you buy?

We buy a wide variety of properties, including single-family homes, multi-family properties, townhomes, condos, inherited properties, and properties in foreclosure or in need of major repairs.

How long does it take to sell my house?

We typically close within 7-14 days, but we can adjust the closing date to fit your schedule. Unlike traditional buyers, we pay in cash, ensuring a faster and more reliable process.

What if I’m facing foreclosure? Can Got Props still help?

Yes, we can help you sell quickly before the property is lost to foreclosure. Selling your home before the foreclosure process ends can help minimize damage to your credit and provide a fresh start.

What if I have tenants living in the property?

Got Props can buy properties with tenants in place, whether you’re dealing with cooperative tenants or difficult situations. We handle the transition, so you don’t have to worry about evictions or tenant issues.

Am I obligated to accept your offer once you make it?

No, our offers are free and come with no obligation. You can walk away if the offer isn’t right for you.

What makes Got Props different from other homebuyers or realtors?

Got Props offers a stress-free and fast-selling process with no fees, repairs, or commissions. We buy houses as-is and provide cash offers, helping you avoid the lengthy traditional sale process.

Is selling my house for cash a good option if I want to maximize my profit?

Selling for cash may not get you full market value, but it can save you thousands in repairs, fees, and closing costs. You’ll also avoid months of waiting and the hassle of buyer negotiations.

How do I get started with Got Props?

Call us or fill out our online contact form to provide details about your property. You'll receive a free, no-obligation offer and decide what works best for you.

What Are the Hidden Costs of Selling a Home?

December 18, 2024

What Are the Hidden Costs of Selling a Home?

Understanding Hidden costs upfront can help you budget effectively and maximize your earnings.

Selling a house is an exciting process but it is not that easy as it seems. It requires a lot of effort and you can encounter a lot of problems. Whether you’re a first-time home seller or not, you’ll probably have a lot of questions. However, many first-time sellers are only concerned with the sale price, without realizing that there are hidden costs implied. Knowing these costs in advance can help you better prepare and avoid surprises.

Let’s dive into the most common hidden costs of selling a home so you can make informed decisions.

1. Closing Costs

These costs are not only for the buyer but also for the seller as well. These fees can be between 6% and 10% of your home’s sale price and include several aspects. Here’s a breakdown:

Agent Commissions

By far the largest expense, real estate agents usually from 5% to 6% of the listing price and this is split between the buyer’s and seller’s agents.

Title Insurance

It protects the buyer in case of disputes over ownership or adverse claims. The seller is most often required to pay for this expense.

Escrow Fees

These are fees paid to the escrow company for managing the money and papers during the transaction.

Transfer Taxes

In some states or municipalities, there are certain taxes that sellers have to pay when transferring the title of the property..

2. Repairs and Renovations

To attract buyers, sell quickly, and secure a good selling price it is advisable for sellers to make sure that they make some repairs or improvements to the house. These costs can quickly add up.

Pre-Sale Repairs

It is important to fix problems that include leaky faucets, broken walls or old fixtures so that the potential buyer is not put off.

Home Staging

Staging your home professionally will dramatically increase the chance of selling your home quickly, but it’s not cheap. It may cost anywhere between $1,500 to $3,000.

Major Repairs

In a home inspection, one may find issues such as roof damage or poor plumbing; in such cases, the sellers may be required to fix these before closing the sale.

3. Marketing Costs

Even with an agent, the sellers may need to spend on marketing of their home in order to get more buyers.

Professional Photography

To list the property online, the seller may need high-quality photos which can cost from $150 – $500. However, this cost is optional, and you can get rid of this cost by taking a picture using your cellphone.

Online Listings

Enhanced listings on platforms like Zillow or Realtor.com may involve some charges.

Print Materials

Flyers, brochures, or local advertisements can cost anywhere from $50 to several hundred dollars.

4. Taxes and Legal Fees

It is also important to note that there are legal requirements and taxes that you have to meet when selling a house.

Capital Gains Taxes

If your home has increased in value, you may have to pay taxes on your profits if you sell your home depending on how long you’ve owned it and your residency status.

Attorney Fees

Some states require an attorney to be involved in a sale transaction, and the fees can range from $500 to $1,500.

Prorated Property Taxes

It is also common for sellers to have to pay property taxes for the period in which the sellers lived in the home.

5. Moving Costs

Do not forget the cost of relocating out of your home after it has been sold. These can include:

Professional Movers: It is even more expensive to engage movers who can charge between $1000 to $5000 depending on the distance to be covered and the size of the move.
Storage Fees: It may be useful to store your possessions temporarily if you have not found your new house.
Utility Transfers: Some utility providers also charge a certain amount of money for the disconnecting or transferring of services

Conclusion

Selling a home is a complicated process and it comes with more costs than many first-time sellers anticipate, from closing fees to repairs and moving expenses. These hidden costs can therefore lead to a situation where the process becomes complicated and hence stressful.

However, when you sell your house to Got Props, then you don’t have to go through all that. We are home buyers who buy houses for cash, thus relieving you from the stressful traditional methods of selling a home. Do you want to sell your home quickly and hassle-free?

Contact Got Props today for a fair cash offer and start your journey to a stress-free sale!

Posted in Blog and tagged Cash Home Buyer, Cash Home Buyers, eco-friendly real estate, Fast Cash Offer, Hidden Cost of Selling Your Home, Home Valuation, North Carolina housing market, Sell House As-Is, Sell House Fast, Sell Your House for Cash, We Buy Houses