The short answer is that you will probably need to count on paying nearly 15% of the home’s sale price—which includes agent commissions, home improvements, closing costs, and moving fees. So if you sell a home for $250,000, you might pay around $37,000 to cover selling expenses.
Here is how that might look when broken down:
There are two main ways to lower these costs significantly.
The first is to roll up your sleeves and do what you can do yourself. A lot of the repairs, new coats of paint, cleaning/staging, and moving can be a total DIY project.
Unfortunately, Major repairs to the roof, Plumbing, and electrical need to be done by licensed professionals. Likewise, you cannot really inspect your own house.
The second way is to not sell your house on the open market. You could consider selling to a real estate investor. This for sale by owner approach means you save automatically on the commissions and closing costs.
Likewise, you could save a bundle on making big repairs, as most investors are looking for bargains and have the resources to make the repairs themselves.
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