How Much Should It Cost You to Sell Your Home?

How Much Should It Cost You to Sell Your Home?

Selling your home can be stressful. By putting in a little extra effort and money, you can make the process go much smoother. The average cost of selling a house in the US is about 10-15% of the sale price of your home. Much of what needs to be done will only cost you a little time and hard work. While you will have to pay for specific items and services, the cost will be well worth it once your house sells and you finally close the deal.

Making the Necessary Repairs Before the Sale

Before you talk to the realtor about putting your house on the market, you will want to go through your property and make any necessary repairs. This means repairing leaky faucets, broken windows, or any other cracked or noticeably broken item. It’s also a good idea to go over your plumbing and check all the appliances that will remain in the house when you sell it. Additionally, you can opt for a presale inspection to know about any possible problems with your home that can put off potential buyers.

Simple Tips to Preparing Your Home for the Sale

Curb appeal is everything. Paint the walls inside your home and wax the floors. Outside your home, upgrade your landscaping, trim the hedges, and maintain your lawn. Simple things like picking up lawn debris and using a hose to clean your driveway will go a long way to improve your home’s curb appeal. The first impression a potential buyer has is what they see around the outside of your home. Make it stand out compared to other homes in the neighborhood by staging your front porch and back patio and adding planters with fresh, colorful pots.

Declutter, Deep Clean, and Display for Best Results

Once you have prepared the outside, the next step is to work inside. Get rid of any unnecessary clutter and organize your items. Get a professional cleaning service if needed. Find a place for everything. Deep clean your carpets and upholstery. Wash the walls, windows, and surfaces. Put your home on display. Stage items to make your home look comfortable and more inviting. You can get professional help for the staging process for the best results.

Commissions, Concessions, and Closing Costs for the Sale

When all of your work is completed, you will have to determine what other monetary costs you be responsible for when your home is finally on the market. When your home sells, you will have to pay a commission to the realtor. This will be determined by the value you place on your house when you sell it. There may be instances when you will want to make concessions to the buyer. This means that you may offer to pay for something to be fixed if they agree to pay a higher price. When everything is agreed upon, you will close on your home. Both the buyer and seller will pay a portion of the closing costs.

The process associated with selling a home can be confusing and more costly than you may have thought. Contact our home loan experts at Andraya Coulter when you are ready to put your home on the market. We can guide you through the process and help you determine how much of your own money you will have to invest in your home to make it more appealing to a potential buyer. Schedule your appointment today so you can get your home sold in a shorter period of time.

 

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