By Kimberly Lahodny
•
February 21, 2025
Selling your home sounds like a great way to cash in on equity, right? But before you start mentally spending that paycheck on a beach vacation, let’s talk about the not-so-hidden costs of selling your home—because, spoiler alert, it’s not just about planting a “For Sale” sign in the yard and calling it a day. If you’re in the Greater Augusta Metro Area (hello Augusta , Evans , North Augusta , and all our other lovely neighbors), we’re breaking down the costs you need to know. Ready to dive in? Let’s go. 1. Agent Commissions (The Big One) Agent commissions are typically the largest expense when selling your home. In most cases, the commission rate is around 5-6% of the sale price , split between the seller’s and buyer’s agents. Example : If your home sells for $300,000, you’re looking at $15,000 to $18,000 in commissions Why it’s worth it: A great real estate agent (like those at Riverwatch Residential & Commercial ) does way more than stick your home on a website. We market your home, negotiate like pros, and ensure the transaction goes smoothly—all while keeping your stress levels low. Update on Commissions Post-NAR Settlement: Recent changes stemming from the National Association of Realtors (NAR) settlement have altered how commissions (now called COMPENSATION, by the way), are handled. As of August 2024, sellers are no longer required to offer compensation to buyer's agents when listing a home on Multiple Listing Services (MLS). This means that buyers now negotiate and pay their agent's commission directly. This shift aims to increase transparency and could lead to more flexible commission structures. 2. Home Repairs and Improvements Before listing your home, you’ll likely need to address those nagging “I’ll get to it later” repairs. Buyers love a move-in-ready home, and small fixes can make a big impact. What to budget : Repairs can range from a few hundred dollars for cosmetic touch-ups to several thousand if your home needs bigger updates. Pro tip : Focus on curb appeal and high-impact areas like kitchens and bathrooms. Even small investments—like fresh paint or updated hardware—can increase your home’s value. 3. Staging Costs Staging your home can make a significant difference in how quickly it sells—and for how much. A well-staged home helps buyers envision themselves living there, which is key to closing the deal. Average cost : $500 to $2,000, depending on whether you’re staging the whole house or just a few rooms. DIY Option : Declutter, deep clean, and rearrange furniture for a cost-effective staging solution. 4. Closing Costs Yep, sellers have closing costs too. These typically include: Title insurance Escrow fees/Attorney fees HOA transfer fees (if applicable) What to expect : Closing costs are typically 1-3% of the home’s sale price . On a $300,000 home, that’s $3,000 to $9,000. 5. Pre-Sale Inspections Some sellers opt for a pre-sale inspection to uncover any potential issues before buyers do. This can be especially helpful in competitive markets like Evans or North Augusta , where buyers are savvy and inspections are thorough. Cost : Around $400 to $600. The upside : It can save you surprises during negotiations and build trust with potential buyers. 6. Utilities and Holding Costs If you’ve already moved out, you’ll still need to cover utilities, lawn care, and other maintenance costs until your home sells. Don’t forget property taxes and mortgage payments, too! What to budget : The longer your home sits on the market, the more these costs add up. Partner with an experienced agent to minimize your time on the market. 7. Marketing Costs (If You DIY) If you choose to go it alone (not recommended, but we’re not judging), you’ll need to budget for professional photography, online listings, and possibly print ads. Average cost : $500 to $1,500. Why hire a pro : At Riverwatch Residential & Commercial , marketing is included in our services. We handle everything from pro photos to social media campaigns—because your home deserves to shine. Bottom Line: How Much Does It Really Cost? When you add it all up, the total cost of selling your home typically falls between 8-10% of the sale price . For a $300,000 home in the Greater Augusta Metro Area , that’s roughly $24,000 to $30,000. But here’s the good news: these costs aren’t wasted. They’re an investment in maximizing your home’s value and ensuring a smooth sale. And with Riverwatch Residential & Commercial by your side, you’ll get expert guidance every step of the way. Join the Riverwatch Community At Riverwatch Residential & Commercial , we’re not just here to sell homes—we’re here to make the process seamless, empowering, and even (dare we say) fun. If you’re thinking about selling, or if you’re a savvy REALTOR® looking to join a boutique brokerage with big heart, check out our JOIN THE TEAM page. Already ready to make a move? Let’s chat! SCHEDULE A CALL today, and we’ll help you navigate every dollar and detail.