
If you’re considering putting your Triangle Area home on the market, you’re likely curious about the potential costs involved. The truth is, the total expense can vary based on several factors such as the offer you accept, whether you contribute to the buyer’s closing costs, the extent of repairs you undertake, and more.
To help you get a sense of what to expect, below is an overview of some key expenses you should be prepared for when selling your Raleigh home (refer to the graph below):

However, it’s essential to consider that many homeowners have built up significant equity in their Triangle Area properties. This equity can substantially offset these costs when you sell. Like many others, you might find that you have enough equity to cover these expenses and even contribute towards your next home purchase.
Let’s break down some of the costs depicted in the graph above to give you a clearer idea of what they entail and how you might save money where it’s feasible.
Closing Costs and Commission
These expenses are paid at the closing table and include various fees associated with finalizing the sale. You’ll have your own closing costs, and you might also choose to cover some of the buyer’s closing costs as an incentive. As outlined by U.S. News Real Estate:
Closing costs are fees that are paid to finalize the transaction and transfer ownership of the home to the buyer . . . Sellers can expect to pay 2% to 4% of the sale price of the home in fees and taxes on top of the agent commission. Based on the national median home sale price, this means that closing costs in 2023 for sellers are about $7,740 to $15,480. . .”
Taxes and agent commissions will vary by state and depend on prior agreements. Remember, the figures shown in the graph are illustrative and not precise. Moreover, contributions towards items like property taxes or mortgage escrow within your current payments could result in credits at closing, helping to reduce these outlays.
Pre-Listing Inspection and Repairs
Conducting a pre-listing inspection is optional but can be advantageous. It reveals potential issues that might come up during the buyer’s inspection, allowing you to address these concerns beforehand.
Addressing repairs early can ensure your Raleigh property impresses potential buyers from the start.
If you choose to forego this step, consulting with your agent is beneficial. They can provide advice on minor updates that appeal to buyers, ensuring your investments are likely to yield a good return.
Home Staging
As the market becomes more competitive, taking extra steps to ensure your Triangle Area home stands out becomes more crucial. Staging might involve renting furniture or adding decor elements to enhance the home’s appeal, which can sometimes be managed virtually post-photography. According to Bankrate:
Home sellers typically pay somewhere between $782 and $2,817 in home staging costs . . . but the price tag can vary widely.”
Alternatively, following your agent’s guidance on decluttering and optimizing the presentation of your home can be just as effective without the additional expense.
Why Leaning on an Agent Is Key
Reducing selling costs is possible, but careful consideration is necessary. Opting out of staging or skipping the pre-listing inspection are choices that can save money, but selling without a professional might not be advisable.
A real estate agent is invaluable throughout the selling process, providing personalized advice on staging, repairs, marketing, and pricing strategies. This expert guidance not only helps in preparing your home but can also enhance its marketability and sale price.
Bottom Line
Interested in getting a more detailed understanding of what selling your house might cost? Contact Linda Craft Team Realtors to discuss it together to tailor a strategy that fits your needs and goals.