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How much does it cost to sell a house in Kentucky?

Selling a house in Kentucky isn't cheap. Read on for an in-depth breakdown of some common home selling costs — and tips on how to avoid them.

Selling a house in Kentucky isn't cheap. Read on for an in-depth breakdown of some common home selling costs — and tips on how to avoid them.

Updated on March 4, 2020

Selling a house in Kentucky can be expensive. Between repairs, realtor commissions, closing costs, moving, and more, your total expenses can easily eat up 10% or more of your home’s final sale price.

In this guide, we’ll cover some of the most common expenses for Kentucky home sellers. We’ll also offer up some tips and tricks that will help you save on home selling costs without sacrificing your final sale price!

Average cost to sell a house in Kentucky

If you sell your home for $144,407 (the average home value in Kentucky in 2019), you could end up paying upwards of $19,495 to make it happen.

While your actual out-of-pocket total will vary based on your situation, expect to pay 10% or more of your home’s final sale price — that is, if you opt to do a standard listing with a traditional, full-service realtor.

>> LEARN about alternative, low-cost home selling options.

The chart below breaks down some of the most common expenses for home sellers in Kentucky, helping identify the most (and least) costly aspects of the home selling process.

Common expenses for home sellers in KentuckyTypical % of sale priceEstimated cost*
Preparing your home for sale2-3%$2,888-$4,332
Realtor commission fees5-6%$7,220-$8,664
Buyer incentives1-3%$1,444-$4,332
Closing costs1-3%$1,444-$4,332
Relocation expenses1-2%$1,444-$2,888
Total10-17%$14,441-$24,549

*Based on a $144,407 home — average home value in Kentucky in 2019, per Zillow Research data

Keep in mind these costs are highly variable — particularly the home prep and relocation expenses categories. Talk to your realtor for a more accurate and tailored estimate of your costs versus final sale price.

Home sale calculator: How much will I make selling my Kentucky house?

How much you walk away with at the end of your sale will depend on a variety of factors, including:

  • How you choose to go about selling your home (e.g., realtor, cash buyer, for sale by owner, etc.)
  • Which repairs, improvements, and listing preparations you choose to invest in
  • Whether you make any concessions or offer incentives to buyers
  • State and/or regional closing and tax-related expenses

Below is a quick overview of how these costs could break down for a $187,667 home (the average sale price in Kentucky in 2019), accounting for some variation in a few of the factors mentioned at the beginning of this section.

Type of expenseEstimated cost*% of sale price
Staging$1,8771%
Improvements and renovations$5,6303%
Realtor commission$10,3225.5%
Seller concessions$2,8151.5%
Closing costs$4,6922.5%
Relocation$3,7532%
Total$27,21214.5%
Total Proceeds$160,45585.5%

*Based on a $187,667 home — median sale price in Kentucky in 2019, per Redfin Data Center

If you owned 100% of your home, you’d be left with approximately $160,455 after closing; however, most people will have some of their mortgage left to pay off.

Ideally, your proceeds will cover your remaining balance, but if that balance doesn’t include prorated interest — or your loan has a prepayment penalty for paying it off early — they may not be enough. In cases like these, you may have to write your lender a check.

Be sure to talk to your lender and look into the terms of your original loan before you sell your home to avoid any nasty surprises.

Home selling costs: an in-depth breakdown

Preparing your home for sale: 2-3%

Common pre-listing expensesTypical % of sale priceEstimated cost*
Home Improvements/CleaningVariable — expect min. of ~1%~$1,444
Landscaping~1% of sale price~$1,444
Staging~0.3% of sale price~$433
Total2-3% $2,888-$4,332

*Based on a $144,407 home — average home value in Kentucky in 2019, per Zillow Research data

Unless you’re planning to sell your Kentucky house “as-is” or to a cash buyer, you’ll need to spend some money to get your home market-ready to attract qualified buyers.

These costs will vary considerably depending on factors like:

  • The age and condition of your home
  • Your home’s size and layout
  • The level of demand or competition for homes in your neighborhood
  • Your yard’s size and layout
  • Which repairs/improvements your realtor thinks matter most to local buyers
  • Etc.

At minimum, you’ll want to invest in some basic pre-listing improvements — e.g., interior repainting; carpet cleaning/replacement; professional cleaning service; a handyman to make minor repairs; etc. Refer to the table below for rough cost estimates for a few of the most common pre-listing expenses.

Type of expenseAverage project cost (national)*
Home staging$1,101
Cleaning service$167
Carpet cleaning$176
Handyman$389
Interior repaint$1,780
Landscaping (installing)$3,240

*National averages from HomeAdvisor’s TrueCost Guide 2020

If you’re considering any bigger projects, it’s best to discuss with your realtor before pulling the trigger. Unless you fully understand the cost versus resale value of each project you take on, you could easily end up in the red.

For example, it’s well-known that kitchens are top considerations for most home buyers. According to Remodeling’s 2020 Cost vs Value Report, in Kentucky, a minor kitchen remodel costs $21,800 on average, but the resale value is only $16,966 — meaning you only stand to recoup about 77.8% of your initial investment. Depending on your situation, it may make more sense to leave your kitchen as it is and let the buyer handle the updating, if they feel so inclined.

Realtor commission fees in Kentucky: 5-6%

Breakdown of realtor commission fees in KentuckyTypical % of sale priceEstimated cost*
Listing fee2.5-3%$3,610-$4,332
Buyer’s agent fee2.5-3%$3,610-$4,332
Total5-6% $7,220-$8,664

*Based on a $144,407 home — average home value in Kentucky in 2019, per Zillow Research data

In a standard real estate transaction — one involving traditional, full-service listing and buyer’s agents — you (the seller) will likely be on the hook for the full commission fee. The average real estate commission in Kentucky is between 5-6% of the home’s final selling price and is typically split between the two agents handling the sale.

Based on the median home value in Kentucky in 2019, that comes to roughly $7,942 — potentially more than half of your total home selling expenses!

Negotiations and buyer incentives: ~1-3%

Common buyer incentivesTypical % of sale priceEstimated cost*
Seller concessions~1.5-2%**$2,166-$2,888
Paying for buyer’s home warranty<1%$300 to $600
Total1.5-3%$2,166-$4,332

*Based on a $144,407 home — average home value in Kentucky in 2019, per Zillow Research data
**According to Opendoor as of March 2020

Once you’ve listed your Kentucky home and accepted an offer, it’s time to start negotiating. Depending on your property and demand in your area, you may choose to offer incentives or make concessions to keep the buyer motivated and ensure the deal goes through.

When a seller makes a concession, that means they’ve agreed to pay specific costs — e.g., help with inspection fees, certain closing costs, repair credits, etc. — on the buyer’s behalf to sweeten the deal. It’s worth noting that buyers will likely have limits on how much they can request based on their loan type. On average, seller concessions range between 1.5-2%, but some loan types allow for up to 9%.

Another commonly offered (but totally optional) incentive is paying for a buyer’s home warranty. Unlike homeowner’s insurance, these policies cover repair or replacement if a major appliance or home system (electrical, plumbing, HVAC, etc.) breaks within the first 1-2 years following the sale. Home warranties typically cost between $300 and $600.

Closing costs: ~1-3%

Common closing costs for sellers in KentuckyTypical % of sale priceEstimated cost*
Title insurance~0.5%**$722
Loan payoff (and early payoff fee, if applicable)VariableVariable
Outstanding bills, taxes, feesVariableVariable
Transfer taxes (learn more)0.1%***$144
Recording feeNo recording fee in Kentucky***N/A
Attorney fee (required in Kentucky)<1%**$150-$500
Total~1-3%$1,444-$4,332

*Based on a $144,407 home — average home value in Kentucky in 2019, per Zillow Research data
**According to Realtor.com
 ***Based on latest available data from National Conference of State Legislatures (NCSL)

Closing costs are a blanket term for the various fees and expenses (not including realtor commission) paid by both parties at the close of a real estate transaction.

While the buyers will typically be responsible for the lion’s share, sellers should expect to pay between 1-3% of the home’s final sale price at closing. Based on the average home value in Kentucky of $144,407, that roughly translates to $1,444-$4,332.

The above list represents common closing costs that are typically the seller’s responsibility; however, in a real estate transaction, the question of “who pays what” is up for negotiation and will depend on the circumstances of the sale. Talk to your realtor at the outset to get a sense of how much you should expect to pay come closing time.

>> READ the in-depth guide to closing costs here!

Moving expenses: ~1-2%

Common moving expensesTypical cost* — local moveTypical cost* — long-distance move**
Packing supplies$500 to $630$500 to $630
Moving$1,250$4,890
Overlap and carrying costsVariable (~1%)Variable (~1%)
Total$1,750+$5,390+

*2-3 bedroom move of approximately 7,500 lbs, per Moving.com 2020
 **Long-distance move is based on distance of 1,000 miles

Many people forget to factor in moving costs when calculating their home sale profits. But depending on factors like the distance of your move, the extent of your DIY ethos, and how much stuff you have, these expenses can really add up.

Moreover, don’t forget to account for potential overlap periods. If there’s a gap between when you move out of your current home and close on your new one, you may need to pay for a storage space and/or temporary housing. Or you may have to pay carrying costs (e.g., utilities, HOA fees, property taxes, etc.) on two properties at once in the reverse scenario.

3 tips to maximize profits on the sale of your Kentucky home

1. Time your sale to get top dollar for your Kentucky home

Choosing the right time to sell your home is going to have one of the biggest impacts on your profit margins on the sale of your home. Each state and region of the country has peak seasons for buying and selling homes, and being able to understand them is key to making a profit in the real estate market.

In Kentucky, the best time to sell your home is going to be in the spring and summer months. Generally, each state experiences a hot seller's market because around this time the weather gets warmer and people are looking for a change. Not only is spring a more pleasant time for moving homes because of the weather, but it is also the peak period for annual school district transfers. This results in a dramatic increase in competition among buyers, especially if you live in a highly desired area. As we all know, higher demand leads to higher prices, meaning you walk away from the sale getting the most out of your house.

>> LEARN when is the best time to sell a house in Kentucky?

2. Negotiate like a pro

The negotiation process is really going to determine how much you make from the sale of your home. As a seller, you can save a lot of money from properly negotiating the terms with the buyer. Some common negotiations that are made are the actual sales price, who pays which closing costs, inspections, and repairs. As stated previously, some repairs are inexpensive and can prove to be an investment with high return.

If your home is newly renovated and your buyer won’t need to make any upgrades, you can ask your realtor to negotiate closing costs and inspection fees with the buyer’s agent. This can make for a fair sale and have both parties walking away from the sale satisfied.

3. List with a low-commission real estate agent

Realtor commission fees are a huge expense for Kentucky home sellers, often making up 50% or more of their total home selling costs. In other words, finding a way to save on commission is one of the best ways to increase your profit margins.

You can negotiate commission rates on your own, but the easiest option by far is to find a low-commission real estate agent through Clever. These are full-service, local realtors who usually charge full commission, but we send them a high volume of new business in exchange for pre-negotiated, discounted rates.

The result? You could save up to 33% on realtor fees. On a $350,000 home, that could mean $7,000 more in your pocket after closing.

>> LEARN about Clever's free service and read reviews from real home sellers!

Cost-saving home selling options in Kentucky

Additional resources for Kentucky home sellers


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Andrew Schmeerbauch

Andrew Schmeerbauch is the Director of Marketing at Clever Real Estate, the free online service that connects you top agents to save on commission. His focus is educating home buyers and sellers on navigating the complex world of real estate with confidence and ease. Andrew has worked on projects for the United Nations and USC and has a particular passion for investing and finance. Andrew's writing has been featured in Mashvisor, L&T, Ideal REI, and Rentometer.

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