What Are The True Costs of Selling a Home?

What Are the True Costs of Selling a Home? Let's Take a Look

Are you thinking about selling your house? Before you decide to list your home up for sale, it is helpful to

get a clear picture of how much it's going to cost. Whether you are sprucing things up with a fresh coat of

paint, replacing the roof membrane or just covering your taxes, there will be a few bills to pay. Let's take

a quick look at some of the true costs that you'll incur when selling your home.

Is Your Home Ready To Sell?

The first question you will need to answer is whether or not your home is ready to sell. Unless your

house is relatively new, it will likely need repairs and maintenance. Depending on the age and condition

of your home, you may also decide to invest in a full home inspection. Having a professional inspector

look things over is a good investment – especially if they find problem areas that require immediate

attention.

Invest In A Good Real Estate Agent (And Their Commission) 

To get the best price for your home, you will need to be represented by a great real estate agent. Of

course, they are not going to work for free. Once the home sells, the agent is compensated with a

percentage of the sale price, which is known as a commission. In some cases, the home seller also pays

the commission for the buyer's real estate agent as well.

Factor In Costs During The Sales Process 

The selling process will also have its costs. From lawyers' fees to excise taxes, there is no shortage of

small costs that can start to add up. You may decide to invest a bit in your open houses in order to make

them more welcoming. Or you might need to close out your mortgage. Whatever the case, be sure to

leave some space in your budget for these costs.

Moving Out Will Cost You Too

Finally, don't forget to factor in the cost of moving to your new home. Many families fail to budget for

moving expenses, which can be significant if you are moving out of a large home with a lot of furniture.

As you can see, selling a home is a major financial transaction and one that should be led by an

experienced professional. When you are ready to begin the process of selling your home, give us a call.

Our team of real estate professionals can advise you of local market conditions and ensure that you

receive top dollar when you sell.