Selling your home isn’t cheap. Most people fail to account for closing costs and other hidden fees when they’re calculating what kind of profits they’ll make on their home sale. And since 61% of sellers have never sold a house before, these numbers can come as a real shock.
But while the national average for closing costs is right around $15,000 for a $200,000 property, that number can vary wildly depending on what city you happen to live in. If you reside in one of the hottest housing markets in the country, you’re going to pay a boatload of “hidden” fees, including prepping your home for the market, commissions, and transfer taxes.
Just how much can you expect to pay when you’re selling your house? Read on to discover the 15 American cities with the highest amount of hidden fees, courtesy of Zillow Research.
15. Philadelphia, Pennsylvania
- Home selling fees: $21,315
Home selling fees in Philadelphia are way higher than the national average. Expect to pay around $13,500 in commission fees, $3,375 for transfer taxes, and $4,440 prepping all those little things you’ve been neglecting that buyers will want you to fix.
Next: This Lonestar city has a lot of fees.