Will Selling A House Cost You Money?

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Will Selling A House Cost You Money?
Yes, selling a house will cost you money. If you
go on the traditional route of selling your
house, the average real estate agent commission
goes around 5 to 6 , depending on where you
live, the total cost will likely get higher.
Once you include the additional costs that are
common in most home sales such as repairs,
closing costs, and relocating costs, your total
expenses can hover around 10 of your homes sale
price. You may also want to factor in a
substantial amount of time you should invest in
waiting for the right buyer to make an offer, get
a mortgage, and close the deal. Everyone wants to
sell home fast but usually, it takes longer than
youd like.
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Will Selling A House Cost You Money?
Staging Cost You would want to draw as many
potential buyers as possible, and this means
accentuating the best features of your home while
they picture themselves living in the space. This
is where staging needed. It includes furniture
and decor arrangement to make your home as
visually as attractive as possible.
Hiring a professional stager will cost you around
2,300 to 3,200. You can stage the home yourself
to save some money, but youll have to spend time
preparing and maintaining each room. If you opt
for DIY staging, take note of what you will need
to buy, such as paint, new furniture or light
fixtures, decor, and curtains. Staging is a
good investment since according to a survey done
by the National Association of Realtors.
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Will Selling A House Cost You Money?
Landscaping Cost Curb appeal can make a
difference too. At the low end, landscaping will
cost you a few hundred dollars which covers
reseeding the lawn or sprucing up flower beds.
But it can go higher if you want to add flower
beds, plants, trees. That will cost you around
3,239 and will go higher if you have a bigger
yard.
Home Repairs and Maintenance Cost This one is
hard to give an estimate to because it will vary
per home. If your house is in pretty bad shape
and would need expensive repairs and upgrades.
You might want to consider selling your house to
we buy ugly houses companies or companies that
will buy your home as-is. It might not be worth
the trouble to spend time and money fixing them.
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Will Selling A House Cost You Money?
Real Estate Agent Commissions
When you work with a real estate agent, they will
take care of the selling legwork for you,
including arranging house tours, paperwork,
updating listing, and arranging things such as
photography of the home. This is more convenient
and can save you lots of time. Of course, they
arent free. Sellers pay 5 to 6 of the sale
price to the real estate agent as commission
fees. For example, if your home got sold for
250,000, youd pay 12,500 to 15,000. It is
split between your agent and the buyers agent.
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Will Selling A House Cost You Money?
Seller Concessions Seller concessions refer to
the closing costs you agree to pay to sweeten the
deal. You can make the home more affordable for
the buyer and help you close the deal. Buyers
usually ask for 1.5 to 2 of the home sale
price. Closing Costs Closing costs include an
assortment of fees that both the buyer and the
seller pay at the close of the transaction.
Sellers usually pay between 1 and 3 of the home
sale cost on average at closing. Typically, the
seller will pay the closing fee to the closing
agent, property taxes, your attorneys fee,
recording fees, and any costs related to paying
off your original mortgage. Knowing all these
costs associated with selling a house can be
overwhelming, especially when you are selling a
house because you need money. The good news is
you can choose to sell your house to a cash home
buyer who will shoulder the closing cost, charge
no real estate fees, and buy your home as-is.
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Thank You