Closing Costs
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.
This can typically range anywhere from $300-$600. Having a professional inspector look things over is a good investment – especially if they find problem areas that require immediate attention.
Agent Fees
The selling process will also have its costs. From lawyers’ fees to excise taxes, to closing out your mortgage, there is no shortage of small costs that can start to add up.
Whatever the case, be sure to leave some space in your budget for these costs.
Is Your House Ready to Sell?
To get the best price for your home, you will need to be represented by a great real estate agent.
Of course, they’re 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 commission. This is typically 6% of the sale price.
Moving Costs
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 me a call. I can advise you of local market conditions and ensure that you receive top dollar when you sell.
