What is the typical benchmark range for selling costs as a percentage of the sale price?

The typical benchmark range for selling costs as a percentage of the sale price is generally between 5% and 10%. This estimate encompasses various costs associated with selling real estate, including agent commissions, marketing expenses, and closing costs. These costs can vary depending on the market conditions, the type of property, and the location, but they usually accommodate this standard range.

The option that was chosen does not align with the commonly accepted figures for selling costs, which makes it essential to recognize that understanding these benchmarks is vital for anyone involved in real estate transactions. They are a crucial part of the financial analysis when evaluating the worth of a property sale or investment.