Selling a home can be expensive, especially if there are unanticipated costs. First-time sellers often do not realize the extent of the costs of selling their home. However, educated sellers who have done their research are almost always able to significantly reduce the costs that they incur while selling their home. Below is a list of costs that are commonly associated with selling a home.
Here are some typical upfront expenses. Jeff Cook Real Estate agents strive to help you feel confident and prepared before listing your home on the market. Some are a matter of choice, yet may be important investments in making sure your home sells for the highest amount possible — or sells at all.
Having a professional inspect your home before you place it for sale is not required but highly recommended. These inspections inform you of any problems upfront and allow you to fix them before they are identified by the buyer’s home inspector.
Which fix-ups are necessary, for example, cracked windows and stained carpet, and which should be left to the buyer is a separate discussion. However, there is practically no house that couldn't use some quick maintenance to make sure it looks well cared for and leaves fewer items for the home inspector to comment on.
Get ready for listing photos with some cosmetic upgrades to your home. A new paint job or a good pressure washing is one of the most cost-effective ways of freshening up your house. Curb appeal is the first impression for most buyers. Make sure your yard is raked, pruned, and tidied up! If your yard has not already been landscaped, plan to add some new greenery and flowering plants.
When the deal comes to a close, there are some fees that you’ll want to be aware of. Our Home Profit Estimator tool will be able to help you understand the breakdown of closing costs!
As the seller, you will likely be paying the entire commission, to be split between the buyer’s agent and yours. Choose to work with a certified Realtor who has vast expertise and years of experience.
You may have agreed, based on local tradition or buyer negotiation, to pay various of the standard costs associated with closing the deal.
This can include possible prepayment penalty fees.
This is a tax on the passing of title to property from one person to another.
Insures against financial loss from defects in title to property from the invalidity or unenforceability of mortgage loans.
Including notary fees, attorney fees, and moving costs.