What Costs Should I Anticipate When Selling My Lake City Home?

by Kelsey Loftis

What Costs Should I Anticipate When Selling My Lake City Home?

Before listing your Lake City property, understand the real costs of selling—from commissions to closing
fees—with this transparent guide by Kelsey Loftis.

If you’re planning to sell your home in Lake City, it’s natural to focus on your potential profit — but it’s
just as important to understand the costs that come with selling. Knowing what to expect upfront can
help you plan better, avoid surprises at closing, and walk away with confidence. Here’s a breakdown of
the most common expenses to anticipate when selling your Lake City home.

First, let’s talk about real estate agent commissions. This is typically the largest cost when selling a
home. In most cases, the commission covers both the listing agent and the buyer’s agent and is paid
from the proceeds of the sale at closing. The exact percentage may vary, but what you get in return —
expert marketing, negotiation skills, and guidance through every step — is well worth the investment.

Next, there are closing costs, which usually include title fees, transfer taxes, and escrow services. These
fees can vary depending on your property’s price and the terms of your sale. In Lake City, sellers often
pay a portion of the closing costs, while some may be negotiated with the buyer. It’s always wise to
review an estimated net sheet with your agent early on to get a clear picture of what those numbers
might look like.

Another potential cost is repairs and home improvements. If your home needs updates or minor fixes
before listing, these expenses can add up — but they can also make your home more appealing and lead
to higher offers. Simple upgrades like fresh paint, updated lighting, or improved landscaping can provide
a great return on investment.

You should also prepare for staging and marketing expenses. Many agents include professional
photography, marketing materials, and online promotion as part of their service. However, if you opt for
additional staging or professional cleaning, those can be separate costs to consider. Presentation
matters, especially when buyers are viewing multiple homes online.

Don’t forget utilities, property taxes, and HOA fees that you’ll continue to pay until your home officially
closes. If your sale takes a few months, these carrying costs should be factored into your total budget.

Lastly, there’s potential capital gains tax if your home has significantly appreciated in value. While many
homeowners qualify for exclusions, it’s a good idea to check with your tax advisor to understand how
selling your home could affect your financial situation.

Selling your home involves some costs, but with careful planning and the right guidance, you can
maximize your profit and minimize stress.

For expert advice and a clear plan, reach out to one of the Top Agents in Lake City!
Get in touch with Realtor Kelsey Loftis at Crystal Peak Properties today. With her local experience and personalized approach, she’ll help you understand every detail
so you can sell your Lake City home with confidence and peace of mind.

Disclaimer: Information provided is for general awareness. Confirm all costs with your real estate
professional and financial advisor.

What Costs Should I Anticipate When Selling My Lake City Home?

by Kelsey Loftis

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