Most homeowners are so enthusiastic about putting their home on the market and getting the price, they’re hoping for that the expenses involved in selling a home are forgotten. However, it’s often said that one has to spend money to make money, and selling a home is no exception! If you’re wondering what kinds of overlooked expenses will cut into your home sale, here are some costs to consider.
There are always a few things to fix-up when it comes time to sell your home, but by establishing what will best increase your home’s value, you can make it a good investment. Instead of going at it blindly, create a renovation budget so the money you spend will pay for itself.
Staging Your Home
It’s possible you may be able to get away with minimal costs when it comes to home staging, but adding a few small details can improve the overall impression of your home. Instead of spending an abundance on dressing up your home, put your time into cleaning and de-cluttering for ample effect.
It is understood that closing costs can add up to a lot of money at the end of day, but many people forget they’re part of the transaction. Closing costs can include anything from transfer tax to title insurance to escrow fees, so it may be worth talking to your agent to see if they can give you a deal.
Real Estate Commission
It’s easy to forget, but utilizing a real estate agent to sell your home will require you to pay a portion of your home’s sale to them. While you may be able to negotiate this percentage with your agent, it’s worth realizing that an agent will help you garner a higher price and do the leg work for you.
The Moving Van
It might be too soon to think about, but if you have a lot of stuff and don’t want to take on the task yourself, you’ll need to hire a moving company to help you relocate. Instead of leaving this to the last minute, contact a few potential movers to get pricing, and don’t wait until the last minute to schedule your move.
Selling a home can be a financial boom, but there are many expenses that can come along with it from closing costs to the renovation budget. If you’re currently preparing to put your home on the market, you may want to contact one of our real estate professionals for more information.