Can You Sell A Macon House At No Cost To You?
There are a lot of expenses that are involved in selling a house in Macon Georgia. Let’s go over some of the costs of selling your house and THEN I’ll tell you how to sell a Macon house at no cost.
Typical cost of selling your Macon house
1. House Repairs
It doesn’t matter if you have been living in your Ga house for a year or ten years, there are always repairs any inspector will find that need doing when you sell your house (Inspectors have to justify their fee, so they ALWAYS find something). The more the repairs, the more cost will be added to your wallet.
If you bought the house your selling in the last five years, there is not much cost of selling here. Otherwise, you will need to upgrade certain parts of your house in order to compete with other houses on the market.
Kitchens and Bathrooms are always at the top of the list for updating and give the highest return. “Highest” return does NOT mean you get all your money back, just the highest percent.
Many listing agents will include most of the marketing expense in their commission. Drone photos and premium listings may be extra. Check with the listing agent before you sign a listing agreement.
If you sell your Georgia house yourself, these expenses fall on you until the house sells. Bandit signs, listings in news papers and online markets will cost some money. Flyers to pass around the neighborhood work well, but they are another cost.
4. Closing Costs
Closing costs include items like; a title search, surveys, and loan payoffs and attorney fees. Closing costs are completely negotiable. Buyer could pay for all the closing cost or the seller could. Right now in our area, buyers and sellers are sharing the closing equally. With that, sellers can expect to pay anywhere from 1-3% of the final sale price in closing costs.
5. Holding Costs
Until the house actually sells, you are still responsible for paying the utilities, water, trash and Mortgage payments. If you have already moved to another house, you are paying DOUBLE. Those are holding costs.
Run the numbers
A typical house for Middle Georgia- $130,000
Carpet, paint, and minor repairs- $9500
Half closing costs ($7000)- $3500
No upgrades needed (I’ll be nice)- $0
Realtor commissions (6%)- $7800
2x months of Holding costs (Mortgage $950, utilities- $450)- $2800
Remaining value in the house- $106,400
If your mortgage balance is more than $106,400, your going to be paying extra to sell your house,
The secret To Sell your Macon house without a dime out of your pocket.
Don’t bet that the costs you put into a house will come back when it sells. Costs of upgrades/repairs and the sales price are not dollar in, dollar out, although many people try. $10,000 on a new roof does not mean the house will sell for $10,000 more. So, if you really want to sell you house at no cost to you…
1. Sell your house As-Is
Sell your Macon house to us as-is. Many sellers do not have enough equity to sell their house without paying out of pocket expenses. We can buy the house and do the repairs ourselves. Even if you have no equity in the house, we can usually still buy a house and still get the seller out of the house without paying out money they don’t have or want to spend.
2. Sell To A Professional Buyer
Working with a professional home buyer will allow you to sell your house quickly and for a great price. We’ll work with you to make the process as simple as possible, making sure you don’t ever have to spend a dime. We do all the footwork (paperwork, repairs, inspections, etc.).
If you insist on getting your Macon house sold without spending any money, these tricks are your best bet.
Contact us for more information.
Other related resources:
- Do you prefer to work with a real estate agent?
- Sell your house yourself
- What is your house worth
- Should I sell or rent my inherited house?