If you’re selling your Pittsburgh home, you need to understand the costs in advance. In most cases, the total cost comes to 10%-15% of the sale price. In Pennsylvania, you should expect the total cost of expenses to come to about 14.52% of the sale price. So if you sell a home for $269,276, expect to pay around $39,094.
But a variety of factors collectively determine the overall cost of selling, like the home’s location, the state of the market, and the extent of pre-sale repairs. Let’s look at this further!
Common Home-Selling Expenses In Pittsburgh
1. Repairs And Staging
Unless you’re selling your home as is to a cash home buyer in Pittsburgh, you’ll need to spend on repairs and staging to attract buyers. On average, preparations for a sale can cost around $6,628 in Pennsylvania.
You may need to wash floors, mow the lawn, rearrange furniture—and some of these tasks may require considerable cash. Even simple repairs and replacing outdated fixtures can cost a lot.
2. Realtor Commissions
If you’re selling your home through a real estate agent, expect to pay 5%-6% of the sale price in realtor commissions. And you won’t just pay your own agent’s commission but the commission that’s owed to the buyer’s agent as well.
If you’re looking to avoid or save on commissions, consider selling on your own (FSBO) or hiring a discount real estate broker.
3. Mortgage
If you still have a mortgage, you’ll have to make payments until the sale is finalized. The average mortgage in Pittsburgh is $147,148. And don’t forget to factor in prepayment penalties and accrued interest.
4. Closing Costs
All those fees, including title insurance, transfer taxes, and escrow fees, are considered closing costs. In Pennsylvania, expect to pay around 5.37% of the sale price in closing costs. For a house worth $269,276, that’s about $14,450.
5. Moving Costs
The total cost of moving depends on distance and the amount of furniture being moved. Moving within Pennsylvania will cost about $406. Moving long distance can cost up to $3,610.
6. Real Estate Attorney
Even though hiring a real estate attorney isn’t required in Pennsylvania, it may prove to be a good idea, as real estate transactions can be complex. A Pittsburgh attorney, for example, is likely to charge between $133 and $235 per hour.
How Much Can You Make Selling Your Pittsburgh Home?
If you don’t have a mortgage, the price you sell for, minus closing costs, is what you’ll get. Using the example above, if you sell your home for $269,276, and the total cost of expenses comes to 14.52% of the sale price, you’ll walk away with about $230,182.
If you have a mortgage balance, subtract what you owe from the proceeds.
Want To Sell Without Hassles?
Want to avoid repair expenses, staging costs, and realtor commissions? Consider selling your house to a cash home buyer like 412 Houses. We buy houses in Pittsburgh as is. That means no repairs, no showings, and no fees. Additionally, you can close within two weeks. We’ll even take care of the paperwork!
Want to sell a house quickly in Pittsburgh? Contact 412 Houses today to get a fair, all-cash offer in 24 hours or less!