The Hidden Costs of Traditional Home Sales in Michigan
October 28, 2024
Cash For Your Home Team
6 min read
Think you know what selling your house will cost? Many Michigan homeowners are shocked by the hidden expenses that can eat up 10-15% of their sale price. Here's what you need to know.
The $30,000 Surprise
On a $200,000 home sale, hidden costs can total $25,000-$35,000 or more. Many sellers don't realize this until closing day when it's too late to change course.
Cash sales eliminate most of these costs entirely.
Skip the Hidden Costs – Sell for Cash
When you sell directly to a cash buyer like Cash For Your Home, you avoid commissions, repairs, staging costs, and most closing fees. You get a fair, guaranteed offer and keep more money in your pocket.
Key Takeaways
- Traditional home sales in Michigan can cost 10-15% of your sale price when hidden fees are added up.
- Realtor commissions alone take roughly 6% off the top.
- Repairs, staging, professional photos, and carrying costs eat away at your equity long before closing day.
- Selling for cash eliminates nearly all of these surprise expenses.