If you’re planning to sell your home, there are a lot of things to plan for, including your marketing budget.
So, how much does it cost to sell a house, and what type of fees and other costs should you expect to incur?
Read on to learn more about home selling fees, home closing fees and more before you list your home for sale, so you can be prepared.
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Commission to Real Estate Agents
When selling a home, you’ll probably enlist the help of a professional real estate agent. The commission fee to use an agent is typically between five and six percent of the final sale price.
For example, if you sell your home for $250,000, you might end up paying the real estate agent $15,000 in commission fees. One way to avoid this and to sell house fast is through a cash buyer rather than an agent. However, local real estate agents know your market and will work hard to get your home sold as quickly as possible.
The Cost to Sell a House: Repairs
Today’s buyers expect their new homes to be in great condition and everything in working order. Another part of the cost to sell a house is any potential repairs you’ll need to make.
The buyer will likely hire a home inspector who will look for any serious issues. Once the inspection is over, you’ll be given a list of things that need to be repaired. You don’t have to agree to all of the repairs, but neglecting to make major ones can cost you the sale. Here are ways how to sell a house in need of major repairs.
Staging
When selling a home, hiring a professional staging company can help improve your chances of a quick sale. These pros know how to make your home look beautiful and neutral so that it appeals to a wider range of potential buyers.
As you think about how to sell a home, don’t neglect the possibility of a stager. They can make your home look professionally decorated and visually appealing. A staging service is not required, but it can do wonders for your home’s listing and how it looks online. You can also hire a professional real estate videographer to make your house look good in ads.
Staging your house for a virtual or live tour entails proper planning. It’s a good idea to collaborate with your realtor to ask for expert recommendations on staging every room for a quicker sale. You can also check home magazines and online resources for some helpful staging tips. There are many home-staging blogs and video tutorials online that you can read and apply without spending much money.
Closing Costs
While most closing costs land on the buyer, there are a few home selling fees to keep in mind. The seller must often pay for the title search to ensure that it’s free and clear.
Some other possible closing costs that a seller may pay include property taxes, title insurance, and attorney’s fees where applicable. Make sure you’re aware of all of the fees in advance so you’re prepared on closing day.
Before finalizing everything, property transactions must undergo conveyancing. Once you have accepted the buyer’s offer, conveyancing should begin. Conveyancing Brisbane services provide legal assistance to ensure the proper transfer of property title and other important aspects of a real estate transaction.
Conveyancing involves the exchange of contracts and the settlement process. Both the seller and buyer can benefit from conveyancing because this process irons out any problems in property acquisition before closing the sale.
Conveyancers source the Certificate of Title, organize inspections, liaise with local councils, obtain other certificates on the buyer or seller’s behalf, and pay the disbursements to relevant authorities.
It is important to note that you’ll also have to pay for conveyance services. For instance, the average conveyancing fees in Australia range from approximately AUD$800 to AUD$1,400. The buyer and seller need to undergo conveyancing as a part of the real estate transaction. Hence, both should pay their conveyancing fees.
Sell Your Home Today
The cost to sell a house will vary depending on where your market is if you decide to use an agent, and more. Keep these things in mind before you list your home on the market, so you can be prepared.
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