Working with a real estate agent can be a great way to market your property to a large audience of potential buyers. There are also additional expenses that may not be fully apparent at the time of signing the listing documents. Here are five hidden costs of working with a Murfreesboro real estate agent.
Clean And De-clutter
The first thing that most Murfreesboro agents will tell you to do is to clean your property along with getting rid of the clutter. This means you will be purchasing cleaning supplies and most likely storage bins. If you don’t have space to store all the items that will need to be put away during the de-clutter process you may have to rent a storage unit. The thought process behind all this is to present to the potential buyers that will be walking through your house the idea of an open clutter free floor plan.
Staging Fees
The second hidden cost of working with a Murfreesboro real estate agent is staging fees. If your furnishing are not the newest trend when it is being marketed for sale, the real estate agent may suggest property staging. This helps the potential buyer imagine themselves living or occupying this property and often sells the house quickly. The realtor will often suggest a professional interior design service to come and stage the house for you. You will often have to rent or even purchase the furniture and decor they plan to use to stage your property. This all depends, of course, on the value of the property. Usually, the more expensive the property, the more likely you will be encouraged to have it staged.
Repairs and Improvements
The third hidden cost of working with a Murfreesboro real estate agent is the repair of know items that may turn off potential buyers. Real estate agents will often suggest improving the curb appeal of the property as well. Your property will most likely sell faster because of the enhanced beauty of a fresh coat of paint and some new pops of color in the flower beds complete with new mulch, but all of this adds up. Painting a home, installing new plants, laying mulch, pressure washing the driveway and other visual improvements will cost hundreds even thousands of dollars.
Property Inspections
The fourth hidden cost of working with a Murfreesboro real estate agent is a property inspection. Many real estate agents like to entice buyers with this extra perk in the listing. Having a recent property inspection is a great selling tool, especially if all the items found during the inspection have evidence showing they have been repaired before the property was put on the market. This will give buyers the confidence to submit an offer, but it will cost you.
Real Estate Commission
The fifth hidden cost of working with a Murfreesboro real estate agent is their commission. The normal commission here in middle TN is 6% of the final sales price. You may not truly feel the impact of the brokerage fees until it’s time to sign the closing papers. Here you see all of your fees taken out of your sale proceeds, this will include the brokerage commission plus any seller concessions that were negotiated by the buyers agent. All this adds up to major money.
There Is A Better Way
If you would like to avoid all theses hidden cost there is a better way. At Provision Homes LLC we buy house as-is all over the middle Tennessee area. Our home buying process is super simple! There are no repairs, no commissions, no cleaning! just take what you want and leave the rest!