If you were banking on a windfall from the sale of your home, get ready to lose nearly $20,000 in last-minute expenses as you close the deal.
A study from Zillow, a real estate website, and Thumbtack, a site that matches customers with local professionals, showed that the average homeowner spends $18,342 in additional costs associated with selling a home.
This includes closing costs — transfer taxes and commissions for real estate agents. These expenses are $13,357 for the median-valued U.S. home.
The median sales price for a home in the U.S. is $232,300, Zillow said.
The analysis excluded the other expenses you can expect to see at closing, including filing fees and the cost of title insurance.
"If you're planning to sell this year, try to take some time to research what costs you may be responsible for and how they could affect your profit," said Jeremy Wacksman, chief marketing officer at Zillow.
Here's a breakdown of the expenses you can expect to encounter as you sell your house.