How Much Does It Cost to Sell a Home in Rockwall?
Selling a home in Rockwall is an exciting move, but it comes with its share of expenses. Whether you’re relocating, downsizing, or moving up, it’s essential to understand the full cost of selling so you can plan ahead, avoid hidden fees, and protect your profits.
At The Crestedge Group, we believe informed sellers make confident decisions. Here’s your complete breakdown of what it really costs to sell a home in Rockwall, Texas.
1. Real Estate Agent Commission
Average Cost: 5% to 6% of the sale price
This is usually the largest expense for sellers. The commission is typically split between the buyer’s agent and the seller’s agent. While this might seem steep, a skilled agent adds significant value by pricing correctly, negotiating effectively, and marketing your home strategically.
Example:
If you sell your home for $450,000, a 6% commission would be $27,000.
Pro Tip: The Crestedge Group helps you maximize this investment by delivering top-tier marketing and negotiation that boosts your final sale price.
2. Repairs and Pre-Sale Improvements
Estimated Cost: $500 to $5,000+ (varies)
Most homes need a little polishing before hitting the market. This could include:
Painting and cosmetic updates
Minor repairs or landscaping
Staging or cleaning services
Larger repairs (like HVAC or roof fixes) may be necessary if flagged during inspection.
Recommendation: Get a pre-listing consultation with your agent to identify high-ROI updates.
3. Closing Costs for Sellers
Typical Range: 1% to 3% of the sale price
Sellers in Texas often pay:
Title insurance (owner’s policy)
Escrow and attorney fees
Prorated property taxes
HOA fees (if applicable)
Example:
On a $450,000 sale, closing costs might range from $4,500 to $13,500.
Note: Texas doesn’t charge a state transfer tax, which is good news for sellers!
4. Seller Concessions (Optional)
Possible Cost: Varies
In a buyer’s market or to help close a deal, sellers might offer to cover:
A portion of the buyer’s closing costs
Home warranties
Repair credits after inspection
This isn’t mandatory but can be a helpful tool in negotiations.
5. Mortgage Payoff and Related Fees
If you still have a mortgage on the property, the balance must be paid off at closing. Check for:
Mortgage payoff amount
Prepayment penalties (if applicable)
Recording or wire fees
Your title company will help calculate the final figure.
6. Moving Costs
Estimated Cost: $500 to $5,000
Moving expenses depend on the distance, volume, and whether you hire professionals. Don’t forget to include:
Truck rental or movers
Temporary storage
Packing supplies
This is often overlooked but can add up quickly.
7. Potential Capital Gains Tax
Depends on Profit and Residency
If your home has appreciated significantly, you may owe capital gains tax. However, many sellers qualify for an exemption:
You may exclude up to:
$250,000 (single filers)
$500,000 (married couples)
Requirements: You must have lived in the home for at least 2 of the last 5 years.
Consult a tax professional to review your specific situation.
Summary of Estimated Seller Costs in Rockwall
Expense CategoryEstimated CostAgent Commission5% - 6% of sale priceRepairs & Preparation$500 - $5,000+Closing Costs1% - 3% of sale priceSeller Concessions (if any)VariesMortgage PayoffBased on current loanMoving Expenses$500 - $5,000Capital Gains TaxVaries (consult tax advisor)
Final Thoughts
Selling your Rockwall home doesn’t have to come with financial surprises. When you understand all the potential costs and work with an experienced local team, you can sell with clarity and confidence.
Ready to explore your home’s value and build a smart selling plan? Contact The Crestedge Group today for a complimentary market consultation. We’ll help you understand your numbers and maximize your profit.
📞 Call or text: 214-803-4444
📧 Email: jennifer@thecrestedgegroup.com