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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.

Although, not mandatory, I do highly advice on having the inspection completed! A home inspection is something that protects your financial interest in what will likely be the largest purchase you make in your life – one in which you need as much information as possible. It is better to pay $400 – $500 for […]

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You might have recently heard Realtors, buyers and sellers  say “It is definitely a sellers’ market! “So what is a sellers’ market? Sounds pretty self-explanatory, but to answer that question a bit more in depth, the real estate market can fluctuate between favoring sellers or favoring buyers. Currently and over the past year or so, […]

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10 BENEFITS OF WORKING WITH A REAL ESTATE AGENT WHEN BUYING A HOME

This week we pulled an article from Key Inspection Services! Click the link to learn more about the benefits of working with a real estate agent 🤩 https://www.keyinspectionservices.com/resources/10-benefits-of-working-with-a-realtor-when-buying-a-home/ They’ll get you a better price: When you use a real estate agent in the purchase process, they will help you get the most for your budget. […]

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Do I need to sell my current home before buying a new one?

One of the most common questions we get when searching for homes is “do I need to sell my current home before buying a new one?” Theirs is no rule against purchasing a new home before selling your current one, but if you’ll be taking out a new mortgage, your first step should be making sure you qualify. If you have enough cash on […]

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Why Lange?

Lange Real Estate is not your standard brokerage and our agents are not in business solely for their next commission. Lange Real Estate is truly a full service brokerage that provides the opportunity to assist our clients in all facets of real estate and our agents the benefit of having the ability to be a […]

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Our Interns

Emily Smith is a Marketing Intern at Lange Real Estate.  She graduated from Friends University in May with a degree in Business Administration and Marketing. Along with her internship at Lange, she also owns a small event coordination business called Events by Emily Elizabeth.  She has a strong passion for entrepreneurship, one of the many reasons she […]

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Resources

First Time Home Buyers Upgrading Your Home Downsizing eBook

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