Yes, you can sell your house after one year or less — technically, you could even sell it the day you purchased it! But, if you’re able to wait until at least two years before selling, you’ll have a much better chance of coming out ahead financially vs. selling a house after one year.
Sellers owe a number of fees at closing, including realtor commission fees, transfer taxes, recording fees, title insurance, and more. Here’s what they are, how much you can expect to pay, and how to save on many seller closing costs.
Wondering how much real estate agents earn when they close a sale? Learn what can impact their average pay here!
Understanding what agents do for their commission, who pays realtor fees, and how that money is distributed between the agents, is the key to answering some of the even more pressing questions— i.e., can you negotiate realtor fees, and how can you reduce real estate commission.
The single biggest expense involved in the sale of a home is the payment to the real estate agents who help with the transaction. Realtor commission is typically 5–6% of the sale price, so it can be thousands or tens of thousands of dollars depending on the home.