Issue link: http://digital.nexsitepublishing.com/i/731142
all costs associated with listing on the Multiple Listing Service (MLS), copywriting, photographs, flyers, advertising and the agent's time and expertise negotiating and executing the contract. e selling agent's commission is also typically split 50/50 with the buyer's agent. If selling your home yourself, you are not required by law to pay the three percent to the buyer's agent, however that will likely put the burden on your buyer to pay it, which could deter them from purchasing your home. COST SELLING YOURSELF SELLING WITH AN AGENT Commission—seller's agent (3%) $0 $17,400 Commission—buyer's agent (3%) $17,400 (can negotiate with buyer to pay) $17,400 MLS Listing $99/month Included Open house signs $50-75 Included Advertising open house $500-$1000 in local papers or websites Included Real estate lawyer to review contract $1000-$1500 Agent reviews contract; all brokerages have consulting lawyers Flyers/printed materials $300 Included Photographs $300 (can do yourself) Included TOTAL $20,872 $34,800 Hard Costs Associated With Selling a Home (Based On A $580,000 Home) No one knows your home better than you do. Every floorboard squeak and flower bed has your personal stamp on it and often your hard-earned sweat equity. I n a hot housing market—median Seattle home prices just topped $580,000, according to Zillow—you may ask yourself, do I really need a real estate agent to help me sell this home? Like all important financial decisions, there are pros and cons. How much should it cost to sell my home? Money is the most obvious and first consideration for homeowners deciding whether or not to engage a real estate agent. Typical agent commission is six percent of the sales price of your home, which covers BUY 7 FALL 2016 HomeMatters mbaks.com