7 hidden costs of selling your home

Share
×

7 hidden costs of selling your home

Frederic J. Brown | Getty Images

How much does it cost to sell your home? More than you might think.

Homeowners shell out an average $15,190 nationwide in the course of offloading a house, according to a new report from home sale website Zillow and Thumbtack, a local services marketplace. That includes real estate commissions, transfer taxes and hiring pros for common home prep projects like cleaning and repainting.

(The study assessed costs in the largest 35 metropolitan areas, excluding New York and San Jose.)

Some of those expenses could be a surprise for first-time sellers — who represent nearly two-thirds of those who sold a home in the past year, per Zillow's data.

"For those planning to sell this year, take your time to research all the costs you could be responsible for and how they may affect your profit, or even budget for your next home," Jeremy Wacksman, chief marketing officer for Zillow, said in a statement.

Don't forget about these seven potential costs ahead of a home sale:

  • 1) Real estate commissions

    U.S. average: $11,790 (based on a median home value of $196,500). The typical commission is 6 percent, according to Zillow.

    Priciest city: San Francisco, where the average cost is $50,592 (based on a median home value of $843,200)

    Cheapest city: Cleveland, where the average cost is $7,944 (based on a median home value of $132,400)

    Andersen Ross | Getty Images
  • 2) Home staging

    U.S. average: $1,208

    Priciest city: Los Angeles-Long Beach-Anaheim, where the average cost is $2,590

    Cheapest city: Riverside, California, where the average cost is $253

    Hero Images | Getty Images
  • 3) Interior painting

    U.S. average: $1,141

    Priciest city: Seattle, where the average cost is $1,460

    Cheapest city: Columbus, Ohio, where the average cost is $847

    LWA | Getty Images
  • 4) Transfer tax

    U.S. average: $742 (based on an average tax rate of 0.38 percent). Not all cities assess a transfer tax.

    Priciest city: Seattle, where the average cost is $8,654 (based on a 2.03 percent tax and a median home value of $426,300)

    Cheapest cities: Nine cities in Zillow's report — Indianapolis; St. Louis; Kansas City, Missouri; San Antonio, Texas; Houston; Dallas-Fort Worth; Phoenix; Austin, Texas; and Portland, Oregon — do not assess any transfer tax.

    fizkes | Getty Images
  • 5) Carpet cleaning

    U.S. average: $124

    Priciest city: Boston, where the average cost is $154

    Cheapest city: Orlando, Florida, where the average cost is $94

    Bill Oxford | Getty Images
  • 6) House cleaning

    U.S. average: $119

    Priciest city: Minneapolis-St. Paul, where the average cost is $140

    Cheapest city: Boston, where the average cost is $105

    Gravity Images | Getty Images
  • 7) Multi-service lawn care

    U.S. average: $66

    Priciest city: Boston, where the average cost is $138

    Cheapest city: Dallas-Fort Worth, where the average cost is $38

    Stephen Lux | Getty Images