Understanding the costs of selling your home
January 14, 2020
January 14, 2020
Ready to sell your home? Perhaps you are retiring and moving to a different community. Maybe you are taking a new job and are selling before you go. Maybe you just want to sell to see what you can get for your property. Whatever the case may be, you need to be aware of the costs. Selling your home will cost you money in repairs, cleaning, landscaping, and inspection fees. There are also real estate agent commissions and closing costs to worry about. Before you sell, you need to make sure that you are comfortable with these costs.
Repairs, Cleaning, Landscaping, And Inspections
When you sell your property, you’ll need to be prepared to handle things like repairs and landscaping. Those things cost money. You’ll need to have the cash on hand in order to make any necessary repairs or landscaping fixes. You’ll also have to keep the property clean and pay for any inspections that must be done before the sale is finalized. These repairs can easily run in the thousands or tens of thousands of dollars.
Real Estate Agent Commissions
Real estate agents get a commission on the sale of your property. Typically, the commission is worth several percentage points of the total value of the home. This commission can be costly, but it is typically worth it if you need help making the sale or if you don’t really know your local real estate market that well. The good thing about real estate commissions is that they generally aren’t paid until the end of the process.
Selling your property means that you’ll need to reach interested parties. This is done through online marketing. You’ll need to market your property both through traditional mediums and through new ones such as social media. Online marketing may be handled by your real estate agent, or you may decide to work on it yourself. Either way, this kind of marketing costs money and you’ll need to be prepared to pony up. The cost of marketing online depends on the reach that you want to have. But you can expect a marketing campaign to cost several hundred dollars at the least. A very extensive campaign could run into the thousands.
There are real costs to selling your home that you can’t ignore. Sellers must be aware of the costs of repairs, maintenance, renovations, landscaping, cleaning, and inspections. Of course, there are also real estate agent commissions and other miscellaneous costs. If you want to avoid these costs, then you can work with 4 Brothers Buy Houses. 4 Brothers Buy Houses will purchase your home regardless of the condition, without any need for repairs or renovations. Give us a call today and we can get started on the process.