The Cost of Selling a Home in Newnan, GA: What to Expect
Selling your home is exciting but it also comes with expenses many homeowners don’t think about until later. If you’re planning to sell in Newnan, GA, knowing these costs ahead of time will help you budget wisely and avoid surprises. Here’s a breakdown of what you can expect.
Main Costs to Expect
When selling a home, the biggest expenses usually fall into these categories:
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Real estate agent commissions
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Closing costs and title services
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Repairs, staging, and prep work
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Taxes, prorated fees, and HOA costs
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Moving and final transition expenses
1. Real Estate Agent Commissions
In Georgia, the commission rate is ALWAYS negotiable. Discuss rates with your potential agent, while keeping in mind that lower commission rates may result in lower quality of service.
2. Closing Costs & Title Transfers
Beyond commissions, you’ll need to cover closing costs. These usually include:
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Transfer tax (around 0.1% of sale price)
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Title search and insurance (roughly $900–$1,000)
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Recording fees (local government charges, usually modest)
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Attorney fees (required in Georgia for closings)
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Prorated property taxes (for the portion of the year you owned the home)
In total, closing costs in Georgia often run 2%–4% of the sale price.
3. Repairs & Home Preparation
Making your home “market ready” is another expense to plan for. This could include:
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Minor fixes (paint, flooring, fixtures)
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Landscaping for curb appeal
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Deep cleaning and staging
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Optional pre-listing inspections
Costs vary widely anywhere from a few hundred dollars to several thousand—depending on the home’s condition.
4. Additional Seller Expenses
Don’t forget the smaller but important costs that add up:
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Paying off your mortgage balance or liens
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HOA fees or transfer costs (if applicable)
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Buyer incentives or credits (sometimes ~2% of price)
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Moving costs once your sale is finalized
5. Estimated Total Costs
All together, most Newnan sellers can expect to pay:
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6.25%–9% of the home’s price in combined commissions and closing costs
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Plus any repairs, staging, or incentives
For a $400,000 sale, that could mean about $38,000–$50,000 in total selling expenses.
Tips to Save Money
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Negotiate commissions with your agent
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Shop around for title companies and attorneys
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Handle simple repairs yourself
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Limit staging to the most important rooms
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Time your sale to minimize property tax overlap
Conclusion
Selling a home in Newnan, GA involves more than just listing it. Between commissions, closing costs, repairs, and moving, expenses can take a noticeable bite out of your profit. But with preparation and the right guidance, you can reduce costs and maximize your return.
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