Amidst the rapidly growing real estate industry, selling a house in Georgia has become all the more profitable, thanks to the flourishing real estate market and the skyrocketing home prices.
Selling a home in Georgia, popularly the ‘peach state’, cannot get more appealing with prices rising by has increased by 27.3% in the last year.
1. Best Time To Sell A House In Georgia
Houses in Georgia are sold throughout the year. However, there are a few aspects that make one month better than the other. For instance, selling a house in popular cities like Atlanta is faster during June when a property is sold nearly 5-6 days faster than average.
The month of June is further considered to be one of the best throughout the year to buy and sell properties in Georgia. The average days on market (DOM) in the state for a property is 40 days.
» Best Time to Sell a House in Georgia: Know When’s The Best Time to Sell a House in Georgia.
2. Price Your Home Competitively
As a seller, accurately pricing your property is equally important. It is also just as integral to keep in mind that the price you list your home at determines the popularity of your listing and brings in foot traffic. The list price itself doesn’t determine what your sale price is.
REMEMBER! The purpose of the LIST PRICE is to ATTRACT BUYERS to your listing. Your LIST PRICE is not your SALE PRICE!!!
What happens if you under-price or over-price your listing?
|If you price it too low||It is most likely that you will get multiple offers. You’ll likely go for “Highest & Best Offer” or counter the best offers to finalize the sale price with the buyer. And you will sell at market price|
|If you price it too high||You will get little traffic. It’ll make you drop the price, and you will sell at the market price|
Real estate agents in GA create what’s called a Comparative Market Analysis (CMA) to determine what’s an ideal listing price for a property. If you are opting for “for sale by owner” (FSBO) then you can easily create your CMA with Zillow and Redfin and understand how to sell a house by owner in Georgia works.
3. Options For Selling Your House In Georgia
You have various pathways when it comes to selling a house in Georgia. Selecting the right one at the right time can help you save thousands of dollars.
Option 1: Sell Your Home For Sale By Owner
One way to bypass the hefty Realtor commissions in Georgia is to sell your house For Sale By Owner (FSBO). It is a DIY approach with no listing agent involved. Sellers have maximum control over the entire process but have to handle all the paperwork with no oversight.
The idea of selling your house in Georgia FSBO has its drawbacks. Though you save up on the commission money, you will have to handle everything – listing, marketing, negotiations, closings, etc. – on your own.
🚩 Key Downsides of Selling Your Home For Sale By Owner:
- No MLS Exposure: MLS is the most important tool an agent has. Selling FSBO means limited exposure, so there will be less competition for your property. That will likely reduce the selling price. One study found that homes on the MLS sold for 17% more than homes, not on the MLS.
- No Help If You Need It: If you need help with paperwork, inspections, negotiations, or closing, you’re on your own as a For Sale By Owner.
Option 2: List With A Traditional Full-Service Agent
Hiring a full-service agent can, of course, help you sell a home in Georgia. From listing to closing, the agent will help you with everything. But of course, you’ll be paying a full 2.5% to 3% listing agent commission. And even if you find an unrepresented buyer, you’re still on the hook for the full commission.
🚩 Key Downsides of Listing With a Traditional Full-Service Agent:
- Hefty Commissions Will Cost You Thousands: Realtor commissions in Georgia fall between 5.5% to 6% and that’s thousands of dollars of fees in commissions!
- Limited Control Over Your Sale: Everything will go through an agent. That reduces the risk that you will do something wrong, but will also limit the control you have over your transaction. For almost everything, including if a counteroffer was submitted, the status of your closing, and how many showings you’ve had, you’ll have to reach out to your agent.
- Slow & Manual Process: Agents do things manually. A simple price change is several steps – the agent has to talk to you over the phone, create a price amendment, get you to sign it, then they sign it, and only then can they update the price on the MLS.
Best Option: For Sale By Owner with a Flat Fee MLS Listing
The average realtor commission in Georgia is around $15,000- $20,000 (based on the average home price in GA). Listing with a high-tech website like Houzeo.com saves you the listing agent commission. In addition, it gets you maximum exposure to the MLS and helps whenever you need it.
✅ A Flat Fee MLS Listing Service Combines the Best of Both Worlds:
- Save Thousands in Commission: Instead of paying a 5% to 6% listing agent commission, you just pay a $349 listing fee.
- Maximum Exposure: You get full exposure to the MLS, Zillow, Realtor.com, Redfin, and hundreds of other websites.
- Help When You Need It: Services like Houzeo.com offer the “Contract to Close Coaching Package”. So if you need help during the transaction at any time, a licensed broker is there to help you sell!
- Full Control Over Your Sale: You retain full control over when to sell and who to sell. Houzeo captures all leads and displays them on your dashboard. All offers and showings are summarized online, along with the buyer’s or their agent’s contact info. It doesn’t get easier.
- Fast Listing & Changes: Houzeo is 100% online, and allows you to request changes instantly. Contracts are auto-generated, and turn-around times are fast!
- A-la-carte Options: Need a yard sign, ShowingTime, lockbox? You can purchase them easily from your Houzeo dashboard!
👉Houzeo Reviews: Home Selling made easier with Houzeo.com!
Best Flat Fee MLS Listing Company In Georgia
Houzeo, an online real estate tech company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
⚡ Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, there is a live person picking up the phone on the other line.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage showing appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
Houzeo Reviews: Houzeo is 100% online. You can finish the listing formalities in less than 60 mins.
- Nationwide coverage.
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites.
- Quick listing (within a day with concierge).
- Savings on commissions.
- 100% online – easy listing, fast changes, online showings, and online offers.
- Mobile app availability.
Houzeo is available nationwide.
» Flat Fee MLS Georgia: Research The Best Flat Fee MLS Companies in Georgia.
Option 3: Other Discount Real Estate Brokers
Apart from Flat Fee MLS Listing Companies, there are three other types of discount real estate brokers you can choose from.
Flat Rate Brokers
A Flat Rate is a fixed amount the seller pays the broker. Flat-rate brokers are predominantly full-service brokers. They handle everything from listing to closing. These fees are fixed and do not change as per your home’s services or the selling price.
A flat rate is perfect for homes priced on the higher end. Let’s say your house is valued at $450,000 and you pick a flat-rate pricing model of a $3500 listing fee. If you opt for the traditional agent route, you would have to pay a realtor commission of around $27,000.
Apart from the buyer agent commission, you will also be responsible for concessions, attorney fees, and warranties.
Our Top Pick For Flat Rate Brokers
Redefy Real Estate is a flat rate brokerage company that allows you to sell your home in Georgia at $3500.
However, if your house is sold over a million dollars, the selling fee then becomes 1% of the total sale price. This, as a result, makes the overall transaction expensive.
The company provided in-house support that can help you with accurate pricing and other features like staging home, etc.
Under Redefy Real Estate’s working model, limited agents cater to a large volume of customers. This poses a risk to service quality.
They provide features like listing on MLS, comparative market analysis (CMA), showing service, yard sign, lockbox, and more.
Redefy does not provide open houses and printed flyers which makes it a bit different from the traditional Realtors.
Redefy is rated 4.5 out of 5 on Yelp.
Redefy Real Estate is available in major cities of Georgia including Atlanta and Augusta.
Low Commission Real Estate Agents
A low commission realtor or an agent is a discount real estate broker who works on a lower commission rather than the traditional 3% commission.
With the rise of the flat fee model and commission-based models, real estate commissions have been falling gradually. This makes low-commission real estate companies in Georgia more relevant to sellers nationwide.
Generally, a low-commission Realtor in Georgia works at commissions like 1%-2% instead of the traditional 3%.
Our Top Pick For Low Commission Realtors
Redfin has an average rating on Consumer Affairs.
Redfin has a reach in 80+ Markets giving a nationwide coverage.
Virtual Full-Service Brokers
A virtual full-service broker does everything a traditional broker would do i.e. listing, marketing, pricing, negotiating, etc. The only difference is that a virtual full-service broker would do all of these online i.e. virtually.
Because of their cloud-based presence, they have many advantages. Such as lesser fees, discounted commissions, and much better management and marketing support. Many MLS listing companies like Houzeo, also provide full-service options that are 100% online.
Our Top Pick For Virtual Full-Service Brokers
Houzeo is the best virtual full-service provider in Georgia that offers the following services to home sellers:
- Online showings through Houzeo Showings
- Mobile Application
- Fast changes to your MLS listing
- Listing syndicates to hundreds of other real estate websites, and a lot more
*We could not find any other reputable virtual full-service company in Georgia.
What If I Want To Sell My House Fast In Georgia?
Due to some reasons, you may want to sell your house fast in Georgia or any other state. Here’s what you can do in such cases:
|Selling a House As Is In Georgia||Selling a house as is can help you save hundreds of dollars by bypassing the repairs. This also ensures that your house is sold fast.|
Selling a house as is can be done via a real estate wholesaler as well. A wholesaler is an investor who buys your house in its existing condition and sells it for a higher profit.
» Selling a Home As Is in Georgia: A Step-By-Step Guide For Sellers
|Sell Your House For Cash||If you want to sell your house fast in Georgia then selling them to cash companies can be a very good option. They can offer you cash right away and ensure your house is sold quickly. There are various types of cash companies that can ensure that the deal is closed instantly.|
» Cash Buyer for Homes in Georgia: Discover The Best Companies that Buy Houses for Cash in Georgia.
|Offer Your House To A Flipper||Home flippers are buyers that buy a property in its existing condition, repair it, and sell it at a higher price. Selling your house to a flipper will help you save both time and dollars.|
» Flipping Houses in Georgia: An Introductory Guide For Beginners
» Sell House Fast Georgia: Discover Best Ways to Sell Your Georgia House Quickly.
- ✍️ Pro Tip: Consider selling your Georgia home to an iBuyer
iBuyers are companies that will buy your home for cash outright. They use technology to make an instant offer. This gives them an edge over the traditional cash companies. The price is decided with the help of their proprietary algorithm, recent real estate data, and their in-house experts. An iBuyer can offer and close the deal within 24 hours.
»Explore: iBuyers Reviews: Selling Your House for Cash in 2022
4. Prepare and Market Your House For Sale in Georgia
A clean and well-prepared home combined with the correct marketing strategy can help you attract a large number of buyers.
Get My House Ready
Whether you’re selling a house in Georgia or any other state, you need to take care of certain things if you are thinking of selling your home without a realtor. Here is what you need to do:
|Declutter & Depersonalize||Make sure you eliminate anything that may bring a feeling of personalization from your perspective i.e. you need to make the buyers imagine as if it is their home. This means removing your personal belongings, etc. before the showing.|
|Make Repairs||If your home requires any necessary repairs, make sure it is done before you start the process of selling. For example, if your property has any issues related to the roof, you must fix it early on. This may help later when the inspection is done.|
|Repaint Neutral||You can attract a higher number of customers when you paint your home with neutral colors.|
|Improve Curb Appeal||Go for a clear landscape, fresh flowers, or exquisite paintings because the first impression is everything!|
|Implement staging||The best way to sell a property is by hiring a home staging professional. They would be able to utilize the spaces and furniture cleanly and attractively.|
» Georgia Home Staging: Check Out the Best Home Staging Companies in Georgia.
|Install Or Update the HVAC System||In the state of Georgia, where the summers are relatively hot and humid, you might want to consider installing a new HVAC system or updating an existing one.|
Ways To Market My Home in Georgia
Almost 95% of home buyers search and review homes online. So, being online is the #1 priority for the sellers. A good online marketing strategy can make a difference in getting your house sold.
Here’s what you need to do if you are in for selling a home in Georgia or any other state:
|1.||List on the MLS||Homes listed on the MLS sell faster and for 17% more. This doesn’t mean you need to hire a listing agent and pay that extra commission. You can work with discount real estate brokers in Georgia to get MLS access. A Flat Fee MLS Company like Houzeo can be a very good option to list your home in Georgia. |
Houzeo will help you save the hefty realtor commission and get your property maximum exposure. All of this, just for a small flat fee!
✍️ Pro Tip: Research the best Free Websites to List For Sale By Owner to sell your house on your own.
|2.||Get a Yard Sign||Opting for a yard sign can be a good investment when selling your home in Georgia. It can help in attracting buyers from the neighborhood. On a crowded street, an attractive yard sign can drive the attention of potential buyers. |
Houzeo’s yard sign can help you with this. Houzeo custom yard sign comes FREE with a selfie and it is available for $49 only!
✍️ Pro Tip: If you secure a buyer from a yard sign, chances are you’ll save on the buyer agent commission as well. In a nutshell, it is worth the $49 investment.
» For Sale By Owner Yard Signs: Check out the 7 best FSBO Yard Signs!
|3.||Share Your Listing on Social Media||Share your property listing on social media. This will include your contact info apart from the listing details. If you share your listing on Zillow or Redfin, all the leads your listing generates will be sold to buyer agents who’ll demand a competitive buyer agent commission. Houzeo, on the other hand, doesn’t sell your information or leads. All buyer leads see your contact info, so you might save on the buyer agent commission.|
✍️ Pro Tip: If you secure a buyer from social sharing, chances are you’ll save on the buyer agent commission as well.
|4||Hire a professional photographer||As a seller, you can hire professional real estate photographers in Georgia to create a portfolio of your house. Professional pictures can greatly impact the selling process by attracting more buyers. |
✍️ Pro Tip: Professional photographer can collate a portfolio that otherwise may not be possible if you are taking up the job.
» Georgia Real Estate Photography: Create Your Best Listing Photos
|5||Run ads||When selling a home in Georgia, running ads on print and social media can help you attract more buyers.|
✍️ Pro Tip: Try to cover as many social media channels as possible to initiate ads for your listing.
With Houzeo, you can market your property to a large audience as it gets listed on the MLS and other real estate websites.
5. Manage Showings And Negotiations
Seems like you’re prepared for selling a house in Georgia! Now as you’d guess, showing it to buyers is the next step!
How To Manage Showings When Selling A House In Georgia?
Once your property is ready for showings, it is critical to managing the showings effectively. You can either opt for online showing tools or host an open house.
Online Showing Tools
Online showing tools provide home buyers and their agents with a frictionless way to request and schedule showings.
Houzeo Showings, a cutting-edge solution by Houzeo, helps buyers and buyer agents choose a particular showing slot as stated by the seller. The tool also provides features like rescheduling, updating, canceling, requesting, and more.
|1.||Home Sellers Can Set Their Showing Calendar||Buyers and buyer agents should only be shown times when the property is available for showing. This saves time for all the concerned parties.|
|2.||Buyers & Buyer Agents Can Request & Reschedule Showings||Make sure that buyers and buyer agents can request showings at available times. In addition, they should be able to reschedule and cancel on an ad-hoc basis.|
|3.||Buyers & Buyer Agents Can Provide Feedback on the Listing||Feedback from buyers and buyer agents is critical for home sellers because it allows them to assess their property (priced too high, the backyard needs fencing, rooms need whitewashing, and more). Where the feedback is actionable, small remedies can go a long way in improving showings and attracting top dollar for your property.|
🗓️ Houzeo Showings has all the required features and is available on the Houzeo mobile app!
Introducing the Houzeo Mobile App!
- View your listing
- Review and compare offers
- Manage showings with Houzeo Showings
- Counter an offer
- NEW! Buyers can now search your property and save it in “Favorites”
Hosting Open Houses
92% of home buyers find open houses useful. If your house is located in Atlanta or Savannah or any other prime spot in the Georgia housing market, more buyers would be interested in buying. In such cases hosting an open house would be more feasible.
- ✍️ Pro Tip: You might attract unrepresented buyers, saving you the entire buyer agent commission.
Here are a few things to keep in mind when hosting an open house in Georgia:
|Ensure Your House Is Ready||Buyers would not want to see a house with a leaky roof or broken doorknobs. Thus make sure you have fixed all the defects and made all the necessary repairs beforehand.|
|Choose A Correct Time||People are busy on weekdays. Thus hosting an open house on weekends, preferably a Sunday, would be best. Also, you need to take care of the time of day. Usually, afternoons are the ideal choice.|
|Post Open House Online||As per the National Association of Realtors, 93% of buyers rely on the internet for their home searches. Thus, posting online will make potential buyers aware of the open house. You can also list your open house on the local MLS, and real estate websites like Zillow & Trulia, Facebook, etc.|
|Give Visitors Their Space||During the open house, you might want to stay away from the property. This would give them the desired space to explore at their convenience. Also, it will help them in visualizing their future in the house.|
|Get Your Neighbors Involved||You can invite your neighbors to the open house. Even if they may not be interested in purchasing your home in Georgia, they would spread the word.|
How To Negotiate Offers When I Want To Sell My Home In Georgia?
Counteroffers and requesting the highest & the best offer are the two tools of negotiations when selling a home in Georgia or any other state.
Most brokers or brokerage companies will give you complex forms to counter an offer, or to request the highest & best one. Houzeo has digitized these, so, you can counter or ask for the highest & best with just a few clicks!
|#||Advanced Tactic||When to Use||How to Use|
|1.||Counter an Offer||Single or Multiple Offer Situation||Your best offer is not just the highest one but is also competitive across several parameters: deposit, financing, inspection contingency, closing timeline, etc. When you want to counter an offer, you can request any of the mentioned parameters updated as per your preferences.|
▶️ Learn more: How to counter an offer on Houzeo
|2.||Request the Highest & Best Offers||Multiple Offer Situation||If you have multiple offers and a timeline by which you’d like to pick an offer, you can call for the Highest & Best offer from all the interested parties.|
▶️ Learn more: How to request Highest & Best Offers on Houzeo
Also, negotiating offers means focusing on other factors like contingencies, concessions, responsibility, and more.
6. Documents Needed To Sell A House In Georgia
A lot of paperwork is needed for selling a house in Georgia. Though your realtor takes care of all the paperwork on your behalf, you need to be aware of them.
Disclosures For Selling A House In Georgia
Georgia real estate disclosure laws are quite different than the ordinary laws in other states in the US. Typically, for one primary reason- There is NO seller disclosure in Georgia. In Georgia, ‘No Disclosure’ states that sellers simply have to provide only such information about their home in Georgia that the buyers may demand. However, necessary actions could be taken if there is any failure to disclose when selling a house.
You may need to have the following disclosures when selling a home in Georgia:
|Seller’s Disclosure Notice/ History of the property||A disclosure document that states any known issues in the house including appliances and any other systems. Georgia real estate laws also expect the sellers in Georgia to disclose any information about when was the house built, and if and what major alterations, changes, and improvements have been made to the property.|
|Lead Paint Disclosure||Specifically for homes that were built before 1978. Federal law requires the seller to disclose any dangers related to lead-based paint.|
|Flood Zone Statement||A buyer’s lender may require the concerned property’s flood hazard disclosures report before providing the loan. This could be important in mortgages that are backed by the federal government.|
|Defects and Damage||The sellers are expected to reveal if their house in Georgia has any major defects or damages with regard to electrical and housing systems, damage caused by termites, squirrels, or other insects, or water intrusion, flooding, and drainage.|
» Georgia Real Estate Seller Disclosure Laws: A Guide to Ace The Disclosure Process in Georgia.
Mandatory Documents For Georgia Real Estate Transactions
Review these documents at length and understand their provisions. Here are some key documents you’ll likely need when selling a house in Georgia:
|Real Estate Purchase Agreement Georgia||It is a Standard Form of Real Estate contract that details the terms of transactions to which buyers and sellers agree. It contains aspects such as sale price, financing contingencies, property description, etc.|
|Statement of Closing Costs||This statement summarizes all the expenses involved in the transaction. The document is not complicated and can easily be taken care of.|
|The Deed||This document enables the legal transfer of the title from the seller to the buyer. Read this document carefully, verifying all details including the legal description of the property, the deed book, the deed book page, and the Property Identification Number (PIN), if any.|
|Certificate of Title||It allows you to state that you have the right to sell the property.|
|Bill of Sale||Information about the seller and the buyer with the selling price. This is important as part of the process of selling real estate in Georgia because it contains all the base information about the property.|
Possible Additional Documents
The below table showcases some more documents that one may require while selling a home in Georgia:
|Loan Payoff||In the case of a mortgage, you need to provide proper documentation if the disbursement of the loan amount has been completed. Else, you need to provide how much you still owe.|
|HOA forms||If the house is part of an HOA, the seller needs to give the buyer all the documentation on restrictions, fees, financials, and more.|
|Survey papers||The documentation defines the location and the dimensions of the property. This could be vital while selling your own home in Georgia.|
|Home Inspection||Contains all the details about the inspection of the property.|
|Repairing Proof||While selling a home in Georgia, if the seller has made repairs to the property before the sale, he/she needs to furnish the relevant documentation.|
|Home Warranty||Contains all the coverage of the property, time span, and cost.|
|Closing Disclosure||Proof that the seller agreed to buyer concessions. The disclosure is provided to the lender.|
|Power of Attorney||While selling inherited property in Georgia, the seller needs to furnish the details of the history and how the property was passed onto him/her.|
|Affidavits||A seller will need to provide a few affidavits like name affidavit, non-foreign, etc. This may also include affidavits like “Affidavit of Title” which discloses that you are the rightful owner of the property and that there are no liens on the property.|
|Correction Agreement||In case there are any errors in the documentation, you may be required to correct those errors.|
Bring TWO Forms of Official ID
There will likely be a licensed notary involved in the closing process who’ll require you to swear on your identity. You would be required to furnish identity proof (like a passport, driving license, or any other authorized document) during the process. However, the closing process might require you to produce secondary identity proof.
7. Closing On Your Georgia Home
Georgia’s real estate closing process is handled by an attorney. Your realtor and settlement agents usually handle the legalities. But you still need to be prepared for a few things during closing.
Take Care of Title, Appraisal, And Inspection
|Title||In Georgia’s real estate laws, there are two types of title insurance policies- the Lender’s Title Insurance Policy and the Owner’s Title Insurance Policy. The former protects lenders against issues that may be caused due to defects in the title. Whereas the latter protects the buyer against claims and liens.|
📝 Note: Usually In Georgia, usually sellers pay for the Owner’s Title Policy, whereas the buyers pay for the Lender’s Title Policy. However, it is subject to negotiation between each party.
|Appraisal||A money/mortgage lender typically goes for a home appraisal to identify what is the appropriate value of a particular property. Based on the outcome by licensed appraisal agents, the lender decides the amount that should be part of the mortgage.|
|Inspection||Inspection is also part of the process where licensed individuals scan the property for any issues. If there are defects, re-negotiations might take place between the seller and the buyer. The inspection includes everything from property worth, neighborhood, parking space, and more. GA inspection requirements will help you understand the inspection process in Georgia better.|
Overall Cost Of Selling A House In Georgia
It should be noted that realtor commission and sale price are not the only two things that are involved from a real estate transaction perspective. In Georgia, there are multiple other fees involved while selling a house that should be known to a seller and is crucial for a sale. Here’s a list to get you started:
The list will also help the seller in getting an answer to the question – How much will it cost to sell my home in Georgia?
|Transfer Tax||Georgia real estate transfer tax is one significant charge while selling a home in GA. In the state of Georgia, Transfer Tax is imposed at $1.00 with an additional $0.10 / hundred on the basis of the value of the property.|
|Capital Gains Tax Georgia||You are required to pay a tax on the capital gain of the property. A capital gain is a difference between the amount for which a property was bought and the amount for which the property is sold.|
|Title Insurance||Title insurance protects the buyer if an important chain of title ownership is missed by the Title agent/company which could cause issues later. The premium is typically paid by the buyer but it can be paid by either seller or buyer based on negotiations.|
In Georgia, Title insurance is approximately between 0.5-1% of the sale price.
» How Much Is Title Insurance in Georgia: An In-Depth Guide About How Much is Title Insurance in Georgia.
|Home Warranty||A seller may go for a home warranty if some components of the home (water heater, air conditioner, fans, etc.) require attention. This will benefit buyers in case a component of the home breaks down later.|
|Appraisal Fees||An appraiser is hired to determine the actual price of the property. The cost of the appraisal process depends on various factors such as property type, size, and location. It is usually paid by the buyer.|
In Georgia, home appraisal cost is between $290 and $400.
|Inspection Fees||A general home inspection in Georgia would cost $200 – $800, depending on the area of the property. Apart from this, various other inspections such as pest inspection, pool inspection, roof inspection, etc. are carried out.|
|Survey Fees||A survey of the property is generally carried out before the purchase deal. It includes all the features related to the property.|
|Attorney Fees||A real estate attorney can help you with the documentation and other closing processes. Georgia real estate attorney fees could range from $500- $1000.|
|Title or Escrow Fees||Although there are no Title or Escrow fees in Georgia, the attorney may charge a fee of $100- $200 for a Title Search.|
|Other Costs||Apart from the stated costs, multiple other costs are involved to sell a home in Georgia. These can be local fees related to stamp taxes, recording fees, estoppel fees, and any other as imposed by the city/county. Apart from these, there can be fees to prep your home, relocation fees, and more.|
Who Pays Closing Costs In Georgia?
If you are concerned about who pays closing costs in Georgia, then you should be aware of the various closing costs that are involved when selling a house in Georgia. Most of them are customarily paid by sellers whereas a few of them can be negotiated.
|Closing Costs||Seller Responsibility|
|Real Estate Commission|| Sellers pay the real estate agent’s commission in Georgia.|
» Georgia Real Estate Commission: Know The Exact Real Estate Commission Rates in Georgia.
|Attorney Fees||Georgia real estate attorney fees are usually paid by the buyer.|
|Title Insurance||It is usually paid by the buyer.|
|Survey Fees||Survey fees in Georgia are paid by the buyer.|
|Home Warranty Fee||Sellers typically pay a one-year home warranty fee.|
|Home Inspection Fee||Generally, the buyers pay the home inspection fee.|
» Seller Closing Costs in Georgia: Everything You Need to Know About Seller Closing Costs in Georgia.
How Much Are Closing Costs In Georgia?
If you are concerned about how much are closing costs in GA then know that the amount of money you will spend on closings while selling a property in Georgia could depend on a lot of factors like the REALTOR’S commissions, the number of taxes, and the fees as determined by the Georgia real estate closing laws.
You can calculate your closing costs using Houzeo’s Advanced Closing Cost Calculator. The calculations are based on the latest prices and it gives you a very detailed estimate of all the costs involved in the transaction.
» Seller Closing Costs Calculator Georgia: Know the Exact Estimates.
Selling a house in Georgia, or any other state could be an overwhelming process. While one could hire a realtor due to intimidating paperwork, it also costs you a ton; thus leaving you with little profits and lesser satisfaction.
Many sellers are thus opting for FSBO or DIY route. It may increase the seller’s responsibilities and limit the exposure, but then it also saves a decent amount of dollars. So the next best choice becomes discount real estate brokers.
Among these brokers, Flat Fee MLS Listing Companies are the best choice. Flat Fee MLS Services allow sellers to control the selling process without compromising on exposure. All of these at a small listing fee!
With hi-tech companies in Houzeo, you have the option to list your property as an owner and enable a smooth closing process. You do not have to worry about complex processes as the platform is 100% online. It will help in listing your property on the MLS at a flat rate and take care of other tasks that otherwise would require manual intervention. Another big point is that due to platforms like Houzeo, real estate agent commissions are declining. This is because of the Flat Fee MLS structure that companies are providing.
Check out some of the Houzeo reviews and how it has helped customers around the US.
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Frequently Asked Questions
Who pays transfer tax in Georgia?
It is usually the seller who pays the transfer tax in Georgia, however it is open to negotiation between the buyer and the seller.
What does No Disclosure mean?
No Disclosure refers to states where the sale prices of any given real estate transaction are not revealed or disclosed to the public to protect the home's value.
Is Georgia a title holding state?
No, Georgia is not a title holding state.
Do sellers pay property taxes at closing in Georgia?
In Georgia, the seller pays his portion of the tax bill to the buyer.
How much does a title search cost in GA?
Title search cost in Georgia is usually between $200- $400.
Does seller have to disclose previous inspection in Georgia?
No, the sellers need not disclose previous inspection unless asked by the buyer.
How much is closing costs in GA? (average closing costs Georgia)
You can calculate your closing costs in GA by using Houzeo's closing cost calculator.
Do you need a lawyer to sell your house in Georgia?
Yes, an attorney is needed when selling a house in Georgia.
- How Much Does It Cost to Build a House Georgia: Know Your Costs to Build a House in Georgia.
- How to Stop a Foreclosure in Georgia: A Guide On How to Stop Foreclosure in Georgia.
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