What Should I Budget for if I Sell My House on My Own in Philadelphia

What Should I Budget for if I Sell My House on My Own in Philadelphia

Sell My House on My Own in Philadelphia

You’ve decided to sell your house on your own, and you realize some costs will be involved. So, wisely, you’re now asking: “What should I budget for if I sell my house on my own in Philadelphia?”

The answer may surprise you.

Home prices are indeed rising in quite a few markets nationwide. It may also be the case that your home has appreciated considerably over the years. But before you count your profits, you’ll need to factor in these obvious and not-so-obvious costs of selling your house. When we decide to “sell my house fast,” our primary goal is to make as much money from the sale as possible. If you are using the proceeds from one sale to another, you want to make sure you have as much money from selling your home to transition.

What Should I Budget for if I Sell My House on My Own in Philadelphia

Commission Fees

Let’s get this one out of the way right off the bat. Many sellers think that in a hot market, they can sell a house themselves and thus avoid the standard commission fees. But the truth is otherwise. Even if you sell your home independently, you still have to pay the buyer’s agent’s brokerage fees. If you decide to do it for sale by the owner, you will most likely still spend money on marketing your property. With so much competition, you will need to be aggressive with your marketing to get the home sold.


Most buyers aren’t interested in a house with problems – and most homes have some issues. Most of the time, most sellers have to do some repairs before they put their house on the market. And if the house maintenance has been allowed to lapse, these repair costs can be substantial. A new roof, for example, can set you back by as much as $20,000. Even more minor issues such as a new boiler could cost you $3,000 to get replaced. A water heater could cost you just over $1,000. When owning a home, it can feel as if things are constantly going wrong in the ho. Especially with these older row homes in Philadelphia seem to have constant problems if they have not been worked on in years.


Curb appeal is of utmost importance: it’s what gets potential buyers to stop and then come in the door. And landscaping is the number-one improvement that most enhances curb appeal. The cost of a thorough, full-blown landscaping job performed by a professional landscaping service runs, on average, just a little over $3,000.

Staging and Photography

When asking, “What should I budget for if I sell my house on my own in Philadelphia?”  many people often neglect to factor in this expense. But if you don’t want your house to sit on the market for months, you probably shouldn’t neglect staging and professional photography.

Staging involves setting up and arranging your home to appear as appealing and inviting as possible. And then, to display the stage in online listings, where a large percentage of buyers begin their search, you will likely need professional photos, ranging in cost from $500 to $1,000.


If you plan to move out of your current house into a new home, you can’t just shut the utilities off in the home you vacate and intend to sell. Buyers do not want to walk through a cold (or sweltering) and dark house. (Also, keep in mind that if you turn off the electricity and air conditioning during the summer, you risk developing a mold problem.) So, at the least, you will need to keep the electricity and probably the gas in the wintertime. If the house is one you’ve been living in, you already know what it will cost you to keep the utilities on.

Capital Gains Taxes

And then there are capital gains taxes. If your house has appreciated quite a bit, you may have to pay this tax (which is based on the difference between purchase and sale prices, minus the cost of documented improvements). There are some pretty generous exemptions, but remember that Uncle Sam may take a cut.

If you’re wondering, “What should I budget for if I sell my house on my own in Pennsylvania?” you now know the answer is . . . quite a lot.

But we can offer a fast, easy solution that may allow you to keep more of the sale price. Contact us at 215-359-6090 or fill out the form to discover more.

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