How should I price my Austin home?<\/h2>\n
If you plan to sell on the open market, pricing your home right<\/a> is a crucial step in the process. Doing so will place you in solid competition against similar listings in your area while also netting you the best possible price for your property.<\/p>\n In the current shifting market, sellers in Austin have several strategies to consider.<\/p>\n End-of-year listings have historically garnered the highest sales prices in the Austin market. HomeLight data collected between 2014 and 2021 show that homes listed in September and sold in December net 7.25% above<\/a> the average price.<\/p>\n If you\u2019re looking to sell your Austin home fast, listing in April and selling in July is likely your best bet. HomeLight data show that homes listed in April sell seven days sooner<\/a> than if you listed in any other month.<\/p>\n An experienced real estate agent can assist you with preparing your home for sale<\/a> as well as provide expert guidance on the best time to list<\/a> your home on the market.<\/p>\n A top agent will also help you price your home through a comparative market analysis<\/a> or CMA. This is a report that agents use to calculate the value of a home by evaluating its size, location, features, age, and other details in relation to similar nearby properties that have recently sold.<\/p>\n Curious about what your home might be worth right now? HomeLight\u2019s online Home Value Estimator<\/a> tool can provide you with a preliminary estimate of your home\u2019s worth.<\/p>\n\n\n\n\n\n It takes just two minutes to match you with the top-performing real estate agents in Austin. Our data shows that the top 5% of agents in the U.S. sell homes quicker and for as much as 10% more than the average agent.<\/p>\n \n \u201cIt\u2019s very property-specific,\u201d says Smith of the Austin market. Different neighborhoods, school districts, and property types garner different levels of competition. Whether or not you\u2019ll want to seriously weigh your first offer<\/a> will depend on hyperlocal, recent sales trends, so consult your Realtor\u00ae to discern promising offers from those that don\u2019t warrant your time.<\/p>\n How much you will make selling your Austin home depends on a number of variable factors. To determine how much you will make, let\u2019s look at the overall cost to sell a house and what specific expenses you might face.<\/p>\n The cost to sell a house in Texas generally averages about 7% to 8% of the final sale price<\/a>. This estimate includes real estate agent commission, escrow, and assorted fees (some of which are negotiable with the buyer). However, the 7% to 8% does not include your mortgage payoff.<\/p>\n To illustrate how this might look, if you sell your Austin bungalow home for $325,000, the seller’s costs could range from $22,750 to $26,000. Let\u2019s take a look at some of these estimated expenses in more detail.<\/p>\n Here are some typical costs you may incur when selling your Austin home.<\/p>\n Before deciding to make any large repairs or attempt major renovation projects, it\u2019s wise to consult with your real estate agent. A proven agent will know what needs to be fixed<\/a> and what not to fix when selling a house<\/a>.<\/p>\n Agent commissions are one of the larger selling costs when selling a home. In Austin, Realtor\u00ae fees average around 6%. Based on our $325,000 Austin bungalow home sale example, you can expect to pay around $19,500 in agent commissions. A typical commission split might look like this:<\/p>\n At first glance, this may seem like a significant expense, but partnering with an experienced real estate agent can make a big difference in your final net proceeds and your entire selling experience. HomeLight\u2019s transaction data shows that the top 5% of agents<\/a> across the country sell homes for as much as 10% more than the average agent. If you make an additional 10% selling your Austin home with a top agent, that can more than make up the cost of Realtor\u00ae fees.<\/p>\n Try HomeLight\u2019s Agent Commissions Calculator<\/a> to get an idea of how much you might pay in Realtor\u00ae fees in Texas.<\/p>\n Negotiations with a buyer can result in additional indirect costs related to seller concessions<\/a> or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession.<\/p>\n A concession occurs when a seller agrees to use part of the proceeds from their home sale to cover some, or all, of a buyer\u2019s closing costs. The amount of these costs will depend on your selling situation and what\u2019s happening in your Austin market.<\/p>\n Some common seller concessions or buyer incentives in Austin might be:<\/p>\n Closing costs are fees associated with a home purchase that buyers and sellers pay at the close of a real estate transaction. The average seller closing cost total in Austin is around 8% to 8.5%.<\/p>\n Based on our example bungalow home sale price of $325,000, an Austin seller might pay the following in closing costs:<\/p>\n In multiple-offer scenarios, Austin buyers might pay:<\/p>\n Property taxes are typically not included in closing costs. Prorated property taxes on a $325,000 home could be as high as $5,882.50, or 1.81% of the actual sale price.<\/p>\nPricing to sell for the most money<\/h3>\n
Pricing to sell quickly and still get the best possible proceeds<\/h3>\n
Deciding when to list and for how much<\/h3>\n
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\n <\/div>\n \n Partner With a Top-performing Austin Agent<\/h3>\n
Should I accept the first offer on my Austin house?<\/h2>\n
How much will I make selling my Austin home?<\/h2>\n
Cost to sell a house in Austin<\/h3>\n
Common expenses for home sellers in Austin<\/h3>\n
Prepping your home for sale<\/h4>\n
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Real estate agent fees in Austin<\/h4>\n
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Possible seller concessions in Austin<\/h4>\n
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Closing costs and additional fees in Austin<\/h4>\n
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At-a-glance home selling cost example for Austin<\/h2>\n
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