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- Average Cost to Sell A House in Indiana
- How Much Will I Make Selling My Indiana House?
- Home Selling Costs in Indiana: An In-Depth Breakdown
- How to Avoid Losing Money on Your Indiana Home Sale
Your total out-of-pocket costs will vary based on your situation, but you should expect for around 12.14% of your home’s final sale price to go towards selling costs. If you sell your home for $241,778 — the median home value in Indiana — you'll likely spend $29,353. Here's how much you can expect to pay at different price points based on the avera...
How much money you pocket after selling your house will depend on several factors, including: 1. How you choose to sell your home (realtor, cash buyer, for sale by owner, etc.) 2. Which repairs and improvements you do to prep your home for sale 3. Whether you make any concessions or offer incentives to buyers 4. State and local taxes and closing co...
Preparing your home for sale: Varies
Unless you’re planning to sell your Indiana house as is or to a cash buyer, you’ll need to spend some money to get your home market-ready to attract qualified buyers. At minimum, you’ll want to invest in some basic pre-listing improvements to maximize your home value. The table below breaks down some of the most common professional pre-listing expenses. And even if you decide to go the DIY route, remember to budget a few hundred dollars for supplies. » LEARN MORE: What home improvements to ma...
Realtor fees in Indiana: 5.56%
Realtor fees are one of the biggest costs for selling a house in Indiana. In a standard real estate transaction — one involving two traditional, full-price agents — you will likely be on the hook for covering the full commission fee for both agents. The average real estate commission in Indiana is between 3.90% and 6.60% of the home’s final selling price and is typically split between the two agents handling the sale. Based on the median home value in Indiana, that comes to roughly $13,443.
Closing costs: 2.76%
Closing costs are a blanket term for the various fees and expenses (not including realtor commission) paid at the close of a real estate transaction. Expect to pay roughly 2.76% of your home’s final sale price at closing. Based on the average home value in Indiana of $241,778, that translates to $6,677. Depending on your circumstances, you might be able to negotiate for the buyer to pay some of them. However, it's just as common for buyers to ask sellers to pay their closing costs to seal the...
Whether you’re selling a single family home in Gary, a rental in South Bend, or a luxury condo in Indianapolis, these tips will help you maximize your profits from your Indiana home sale!
Apr 12, 2024 · The average cost to sell a house in Indiana is 6.24% of a home’s final sale price, which includes realtor fees (5.56% of the sale price) and seller closing costs (0.7%). It costs home sellers in the Hoosier State an average of $15,132 to sell a home priced at $241,778 (Indiana’s average home price).
- Indiana closing costs average more than 6% of a home's final sale price. That figure includes realtor commission fees, which often cost sellers abo...
- Buyers and sellers have separate closing costs in Indiana. Prorated property taxes are split between both parties. Sellers are usually responsible...
- Sellers usually cover both the buyer's agent and seller's agent commission in Indiana, which amounts to 5–6% of the home's final sale price. Real e...
- The cheapest way to sell a house is to use an agent matching service like Clever Real Estate, which has pre-negotiated a low listing agent fee with...
Apr 30, 2024 · For a $243,877 home — the median value in Indiana — you'd pay around $6,719. Typical seller closing costs in Indiana include the title and closing service fees, owner's title insurance policy, real estate transfer tax, and recording fees on the closing date.
- In Indiana, expect to pay about 3.35% of your home’s sale price in closing costs — not including realtor fees. At the median home value of $221,977...
- Buyers and sellers each pay for different closing costs to finalize a sale. In Indiana, sellers typically pay for title fees, documentary stamp tax...
- Indiana closing costs are usually taken right out of your sale profits at closing. The only time you'd have to pay out of pocket is in rare instanc...
May 17, 2024 · The average home buyer in Indiana spends between $20,286 and $69,010 when purchasing a $236,990 home — the state median value. Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.
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How much does a home cost in Indiana?
Aug 28, 2023 · As of July 2023, Redfin data shows that the median home sale price in Indiana was $258,400 — 0.9 percent of that would yield closing costs of $2,325. Home prices fluctuate greatly across the...
