Selling a house in Maryland involves various costs that homeowners need to be aware of. From agent commissions to seller closing costs, home repairs, and concessions. These costs can add up quickly and can vary from property to property.

According to US News, it costs the average home seller 10 to 15% of the final sale price to sell their house.

The average home sale value in Maryland is over $400,000 according to Zillow. So you can expect to pay anywhere from $40,000 to $60,000 to sell an average home in Maryland.

Understanding the different costs when selling will help ensure you have realistic expectations. It can also help you determine the most cost-effective way for you to sell your Maryland home

In this blog post, we explore the average costs to sell a typical home in Maryland. We also cover common ways to sell and how to save money during the house selling process.

Disclaimer: This blog post and website provides general information on Maryland real estate. Maryland Estates, LLC, doing business as Creo Home Buyers, and its authors are not liable for the accuracy or use of this information; consult with a trusted real estate professional or attorney for guidance regarding your unique selling situation.

Average Costs Involved When Selling a House in Maryland

Most Maryland home sellers want to know what it really costs to sell. Without this information how can you can determine what your net proceeds might be?

Below we break down the most common costs for sellers in Maryland.

Maryland Agent Commissions: 5-6% of Sale Price

One of the most common expenses when selling a Maryland house are an agent’s commission. Real estate agent commissions are typically a percentage of the final sale price but they can also be a flat-rate fee.

If using a percentage, Realtor commissions often range from 5% to 6% of the sale price. The final percentage will depend on the real estate agent and services that agent ultimately provides. Realtor fees are usually part of the seller closing costs in Maryland. The percentage is then divided equally between the buyer’s agent and the seller’s agent.

One advantage of working with an agent is that they can provide you with insights into your home’s value. And while working with an agent can provide valuable support it does come at a cost. It’s essential to factor in these commissions when calculating your home selling expenses.

Cost Saving Tip: It is possible for realtor commissions to be significantly reduced or even eliminated. One way is to list your house with a discount real estate broker or for a flat-fee. You also have the option to sell your property directly to a cash buyer or iBuyers, saving you from having to pay a commission in Maryland.

Closing Costs in Maryland: 2-5% of Sale Price

Closing costs are the total fees you’ll pay when you sell your house in Maryland. Typical closing costs include fees include attorney fees, commissions, title search fees, title insurance, recording fees, and transfer taxes.

The average Maryland home seller typically pays from 2% to 5% of the total home sale price in closing costs. These expenses are sometimes split between buyers and sellers.

Cost Saving Tip: You can avoid paying any seller closing costs if you choose to sell directly to home investors.

Home Repairs and Improvements: Varied Costs

Prior to listing your home you will likely need to perform repairs or improvements. These increase the value of the home and can help your home pass a formal lender required home inspection.

How much work is needed to sell the house? The renovation costs in Maryland will vary depending on the condition of your property, size, and location. Take a look at recently sold homes in your neighborhood as well. See how many days they sat on the market before selling and if they were renovated. All these factors should effect your renovation decisions. 

Your listing agent can provide insights into what home buyers are looking for in your market. Their expertise can inform how to improve your home to get the most “bang for your buck” when selling your home in Maryland.

Cost Saving Tip: In certain Maryland neighborhoods, like Towson or Bowie where the typical home value in Maryland can greatly influence your sale strategy and potential seller and buyer fees. Sellers of homes in certain areas can still fetch high prices without renovations. Take a look at what other sellers are doing before you spend thousands of dollars on renovations. Paying for expensive renovations that are unwanted by buyers might be a costly mistake that could actually lower your home’s value.

Home Staging: 0-1% of Sale Price

Home staging involves making your home look its best by arranging furniture, adding decorations, and decluttering.

A professional stager may charge a few hundred to a few thousand dollars but it may be worth the cost. Staging a home can greatly enhance its appeal ultimately leading to a higher sale price. Many realtors network with stagers who offer this service at a discount as part of their marketing plan as well.

Just remember staging is an optional selling expense. In fact, we at Creo Home Buyers have successfully sold several homes in Maryland without any staging. We believe that not staging your home before listing is an effective way to lower total property selling costs. However, if you have the selling budget available for staging or are selling a high-value home staging can be beneficial to your bottomline.

Cost Saving Tip: Some Maryland sellers use ‘virtual staging,’ a budget-friendly alternative to traditional home staging. This method involves digitally adding furniture and decor to online listing photos. Staging virtually eliminates the added cost and hassle of physical furniture and decorations.

Seller Concessions and Other Fees: 2-8% of Sale Price

Seller concessions are worth keeping in mind when you’re selling a home in Maryland. They’re like a helping hand from sellers to cover some of the homebuyer’s expenses. Things like additional improvements or repairs that are needed or wanted or to assist with buyer’s closing costs.

Home sellers might also need to cover other expenses and fees. Fees for an attorney can vary based on the specific circumstances and complexity of the home sale. There are other miscellaneous costs associated with preparing your house for sale. Things like homeowners association (HOA) fees or paying off a mortgage just to name a couple. The seller will also need to fund any concessions made to the buyer.

Maryland home buyers may even request a home warranty as part of the negotiation process. A home warranty typically covers the repair or replacement of major systems and appliances in the house. Having a home warranty can go a long way to potentially attracting more buyers. It’s important to carefully consider the cost of a warranty and whether it helps your bottomline. If most other homes for sale are offering one, you probably should too, otherwise it may not be necessary.

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Tax Expenses of Selling Property: Costs Vary

Maryland sellers also can expect to pay various property taxes. A tax professional can help you understand what taxes may arise from the sale of your property. These expenses can include potential capital gains taxes or other tax liabilities when selling your home.

Maryland imposes a state transfer tax at a rate of 0.25% of the sale price. Also, various counties may have their own county transfer taxes, usually ranging from 0.5% to 1.5%. However, if you are selling in Calvert County, Carroll County, or Frederick County you are not required to pay a county transfer tax.

Nonresident Sellers: If you have a home for sale in Maryland but live out of state, the sale may be subject to an additional tax referred to as the nonresident withholding tax. The nonresident withholding tax ranges from 8-8.25% of the total property sale payment. The final rate will depend on if the property is held by an individual or an entity.

Lien and Loan Payoff: Varies

Common types of liens include mortgage liens, tax liens, and judgment liens. Addressing these liens is crucial for a smooth sale as they can bog things down. They can also impact the amount of money you ultimately receive from the transaction.

Liens can represent legal claims against a property. Such liens typically arise from unpaid debts or financial obligations. Before putting your house on the market, it is recommended to conduct a thorough title search if you suspect such liens. This is the only way you can be sure you identify any existing liens and potentially work to clear the ones that are not accurate before you sell your property. 

Loan payoff is another critical consideration when selling a house. Maryland’s real estate market is dynamic, things are rarely if ever cut and dry. The terms of your mortgage may influence the costs associated with loan payoff. The balance left on your mortgage and the timing of your sale can impact your proceeds. You also need to keep prepayment penalties in mind as that can effect your bottomline. Your lender can help you navigate the loan payoff process and avoid surprises.

Comparison of Costs for Different Selling Methods

costs to sell house in Maryland

When it’s time to sell your home, you have several options for how to proceed. Each selling approach comes with its own set of costs and benefits, including varying closing costs for sellers in Maryland.

To give you an idea of what to expect we’ll show examples of actual costs a home seller pays in Maryland.

We used a home sale price of $360,000 in this example:

Listing with an Agent

As you can see below, listing with an agent could cost you anywhere from $55,700 to $70,100, which is about 15% to 19% of your home’s sale price. This means that you would only end up with $289,900 to $304,300 in proceeds after your home sells.

Commission fee$21,600 (6% of $360,000)
Repair costs$10,000 (estimated)
Staging costs$1,500 (average)
Marketing costs$1,000 (average)
Closing costs$21,600 – $36,000 (6% – 10% of $360,000)
Total costs$55,700 – $70,100

Listing your home with a real estate agent in MD does mean you’ll be paying a commission. But hiring a listing agent offers the advantage of professional marketing and negotiation expertise. You will likely have access to a broader pool of potential home buyers as well.

Compare the commission rates and listing services of different Maryland agents to ensure you are getting the best value.

Pros & Cons of Selling with a Listing Agent

  • Agent commissions: 5-6% of the sale price.
  • There may be additional costs for staging and remodeling.
  • Costs for marketing and listing fees (if applicable, but your agent usually pays these).
  • You’ll receive assistance with negotiations and paperwork.

Selling by Owner

As shown in the table below, selling by owner can cost you anywhere from $44,100 to $60,300, which is about 12% to 17% of the sale price. This means that you might end up with only $299,700 to $315,900 in net profit.

Note that the commission fee in this case is the fee that you would have to pay to the buyer’s agent. However, the buyer may or may not be represented by one. If you sell the house to a buyer who is not working with an agent, you won’t have to pay anything in Realtor commissions.

Here are some of the costs associated with selling a house for sale by owner in Maryland:

Commission fee$9,000 – $10,800 (2.5% – 3% of $360,000)
Repair costs$10,000 (estimated)
Staging costs$1,500 (average)
Marketing costs$2,000 (estimated)
Closing costs$21,600 – $36,000 (6% – 10% of $360,000)
Total costs$44,100 – $60,300

As you can see, you won’t have to pay seller commissions when selling your home by owner in Maryland but you’re not off the hook. You’ll now need to take on the responsibilities typically handled by an agent. 

This includes marketing, negotiating, and preparing the necessary paperwork, along with understanding the taxes in Maryland related to home sales. It’s important to consider whether you have the knowledge and time to handle these tasks.

Pros & Cons of Selling Your House Yourself

  • No seller agent commissions, but you may still pay a buyer’s agent commission (2-3% of sale price).
  • You’ll need to pay for marketing and listing expenses.
  • You’ll have to handling negotiations and paperwork yourself.
  • Potential longer time on the market.

Selling to an Investor or a Cash Buyer

Selling to an investor or a cash buyer can provide a quick and hassle-free sale of your home. And maybe best of all, without the need for renovations or staging. But you may receive a lower sale price compared to listing with an agent or selling by owner.

Here are some of the costs associated with selling a home in Maryland to an investor or a cash buyer:

Commission fee$0
Repair costs$0
Staging costs$0
Marketing costs$0
Closing costs$0
Total costs$0

As you can see, selling to an investor or a cash buyer can cost you nothing, which is of course 0% of the sale price. However, this also means that you might receive a lower offer than the market value. For example, an investor or a cash buyer may only offer you 80% of the market value for your house. This means that you might end up with $288,000 in net profit.

It’s important to weigh the benefits of a fast sale against the potential difference in sale price.

Pros & Cons When Selling to Cash Home Buyers

  • No agent commissions, fees, or costs.
  • May sell at a slightly lower price.
  • Minimal or no repair costs.
  • Quick closing, often within days.

Choosing how to sell your Maryland home depends on your goals. If getting the most money is your priority and you’re okay with waiting and paying some costs, using an agent is a good option. If you want full control, a ‘For Sale By Owner’ (FSBO) approach is the way to go but just remember it comes with extra responsibilities. If you want a quick, hassle-free cash sale, consider selling to an investor or house-buying company in Maryland.

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Creo Home Buyers buys houses AS-IS for cash in Maryland, Northern Virginia, and Washington DC. Simply fill in the form to get a fair all cash offer for your property in the DMV.

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How to Save Money on the Costs of a Maryland Home Sale

We’ve outlined the typical costs and home sale methods so now let’s look at how sellers in Maryland can save money. Who doesn’t want more net proceeds from the sale of their home?

  • Compare real estate agent fees: Interview multiple agents to find out their commission rates. Some agents may be willing to lower their fees to secure your listing. This can be especially true in a competitive seller market, so shop around.
  • Minimize repairs: It’s essential to focus on repairs in critical areas that potential buyers are likely to notice. By minimizing unnecessary repairs, you can save both time and money on the costs to sell.
  • Consider selling AS-IS: If you don’t want to invest in repairs and improvements, selling to an investor or cash buyer might be for you. Its a fast and convenient way to save money on home renovations when selling in Maryland.
  • Using a flat-rate MLS listing service: Another option is to consider selling your house using a flat fee MLS service. These services can significantly reduce the cost of listing and seller agent fees.
  • Negotiate closing costs: In some cases, sellers can negotiate with buyers to share or cover a portion of the closing costs.
  • Shop for title services: Using a settlement agent is essential for most home sale transactions but you can shop around. Look for the best rates on title-related services to save some money. You may be able to negotiate for the buyer to cover settlement fees to further reduce your selling costs. Most Maryland cash home buyers offer to pay for these fees.
  • Stage the house yourself: Staging a home can help your home stand out on the market but a professional stager can be expensive. Why not do the work yourself? Buy new appliances or rent some furniture to update the look of your home. Put in a little elbow grease and get the house clean.
  • Consult with a tax professional: To minimize capital gains tax you could consult with a tax professional. They can help you to explore potential deductions and exemptions when selling in MD.

After exploring our tips to save money we recommend you check out the home sale calculator by Open Door. It’s a great tool to help you answer the question, “How much will I make selling my house?”

Save on Home Selling Costs in Maryland and Get Cash Fast

The cost of selling a house can vary greatly, especially selling a house in Maryland. But careful planning and consideration can reduce your expenses and maximize profit.

As you navigate the costs of selling your home, keep in mind the most common selling options available:

  • hire an agent
  • sell by owner (FSBO)
  • quick cash sale to an investor

Understanding the costs involved and associated cost-saving strategies can help you determine the best way to sell the home.

If you’re looking to save time and get cash fast, consider reaching out to us at Creo Home Buyers. We can provide you with a competitive cash offer for your Maryland property.

Save on home selling costs in Maryland and streamline the process. Request your free, no-obligation home offer from Creo Home Buyers today!

Request a FREE CASH Offer!

Golden Seal of Excellent Rating on Google for Creo Home Buyers

Creo Home Buyers buys houses AS-IS for cash in Maryland, Northern Virginia, and Washington DC. Simply fill in the form to get a fair all cash offer for your property in the DMV.

Get Your FAIR Offer!

FAQ About Maryland Home Selling Costs

What are some additional costs when selling a house in Maryland?

There are other costs aside from the given closing costs and realtor commissions. These can include costs for marketing, hiring movers and obtaining packing supplies. Also the cost of any necessary repairs that need to be made before listing the property. It’s a good idea to budget for these additional expenses to ensure a smooth selling process.

How long does it typically take to sell a house in Maryland?

On average, houses in Maryland can take anywhere from a few weeks to a few months to sell. If your house just isn’t selling you can consider working with a knowledgeable real estate agent. Or you can sell to a Maryland cash buyer, like Creo Home Buyers, directly and potentially sell your house even faster.

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