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Costs to Expect When Selling Your Home
A simple guide for homeowners
Selling a home is exciting, but it also comes with a handful of expenses that are helpful to understand ahead of time. Every sale is a little different, but these are the most common costs sellers can expect.
1. Commission Fees
Real estate agents are paid through commission, typically shared between the buyer’s agent and the seller’s agent. This covers marketing, negotiations, contract management, and the expertise that helps your sale run smoothly.
2. Pre‑Sale Home Inspection
Optional but often beneficial. A pre‑inspection can uncover issues early, help you disclose accurately, and reduce the chance of last‑minute repair requests or price negotiations.
3. Home Repairs & Prep Work
This can range from small cosmetic updates—paint, landscaping, decluttering—to larger repairs like roofing, plumbing, or appliance replacement. Strategic improvements can boost value and improve buyer appeal.
4. Staging Costs
Staging helps buyers visualize living in the home. Costs vary depending on how much staging is needed, from light styling to full furniture packages.
5. Utilities
Even if you’ve moved out, utilities should stay on until closing. Lights, heat, and running water help your home show well and prevent issues during inspections or appraisals.
6. Remaining Mortgage Balance
Any remaining loan balance is paid off at closing using the proceeds from the sale.
7. Escrow & Closing Fees
Who handles the Cash? Buyers and sellers typically split escrow costs. Additional fees may include notary services, recording fees, and transfer taxes depending on the location.
8. Capital Gains Tax
If you profit from the sale, you may owe capital gains tax. Many homeowners qualify for exclusions, but investment properties or homes not used as a primary residence may be taxed differently. A tax professional can help clarify your situation.
9. Property Taxes
Depending on the timing of your sale, you may owe a prorated amount of property taxes — or receive a credit if you’ve already paid for the year.
10. Moving Costs
Whether you’re moving across town or across the country, moving expenses can add up. DIY moving saves money, but large or heavy items may require professional movers.
Every Home Sale Is Unique
These are the most common expenses, but your exact costs will depend on your home, your timeline, and your goals. Understanding them early helps you plan confidently and avoid surprises.
