Costs of Selling

by Jen Holden

one of the most frequently asked questions we get asked here at the jen holden group – how much will it cost to sell my home? ⁣

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here's the answer: on average, selling your home will cost you around 10% of your home’s sale price. In addition to any market-ready expenses, here are 3 C’s to keep in mind if you're thinking about selling: ⁣

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• concessions (1-2%):⁣

although less frequent recently, sometimes sellers agree to pay a portion of the closing costs in order to seal a sweet deal. It's a good idea to set aside 1-2% of your home’s sale price just in case this comes up.⁣

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• commissions (5-6%):⁣

on average, sellers pay 5–6% of the sale price as commission fees. For a $200,000 home, you’d pay $10,000-12,000, divided between your listing and buyer’s agent.⁣

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• capital gains (varies):⁣

if you’ve lived in your home for less than a year, The capital gains tax is a tax on the profit you make from selling an asset, including real estate. Make less than $250,000 profit? You're in the clear. ⁣

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wanna talk more about selling your home in 2022? Send me a text or email at 443.803.7620/jen@thejenholdengroup.com, and I’ll be in touch!