Sell Your House

All things to know Sell Your House Fast in Missouri!

According to the website, there are three ways to sell a house in the State of Missouri:

  • Sell it without a listing agent (Unassisted Sell)
  • Sell it with a licensed real estate broker or real estate salesperson (Assisted Sell)
  • Sell it with a licensed real estate appraiser (Appraisal-Assisted sale)

The biggest difference between the three types is who pays the fees. In the Unassisted Sell, you are responsible for paying all of the closing costs, while in an Assisted Sell, a licensed agent/broker and seller split the cost while in an Appraisal-Assisted Sell, you pay only half of the appraisal fee. To sell your house in Missouri, follow :

The first step is to decide how you want to sell your house. If you are going to go it alone, first make sure you have a well-maintained home and resale value. The second step is to find a real estate agent or broker who will work with you. In the State of Missouri, the seller pays only half of the Real Estate Commission fee if they are selling with an agent or broker when compared to selling unassisted. The third step is determining how much your property is worth by hiring an appraiser if needed. The final step is putting an ad in the newspaper or on Craigslist and waiting for potential buyers to come knocking at your door.

Tips to Sell Your House Fast in Missouri:

The Missouri Department of Revenue imposes a transfer tax based on the assessed value of your home. This tax is paid by the seller. In the State of Missouri, it is based on the first $100,000 of your property’s value at 1%, $100,000 to $250,000 at 1.5%, and $250,001 to $500,000 at 2%. Above this amount, it jumps to 3%. For example: If you are selling a home that is valued at $300,000 you will pay a total transfer tax of $1,500 (1% for the first $100k + 1.5% for the next 100k and 2% for the next 100k). The highest transfer tax is a 3% tax imposed on all residential real estate sales in the City of St. Louis. Therefore, if you are selling your home property in St. Louis, it will cost you an extra $2,100 (1% assessed value of first $100k + 1.5% assessed value of next 100k + 2% assessed value of next 100k + 3% assessed value on remaining balance).