The average upfront cost to buy a home in the U.S. is right around $44,000 these days. That should be enough for homebuyers to cover a downpayment for a home as well as any closing costs associated with purchasing it.
But did you know that there is a cost to sell a house, too? Even though you may associate selling a home with making money, there are some costs that you’ll have to pay when putting up homes for sale.
Today, we’re going to talk about some of the costs you may face during the home selling process. Learn more about them below.
Home Repairs and Staging
Prior to trying to sell a home, you should look for the best time to sell a house. You should also consider making repairs to your home in advance of selling and staging it, if possible.
By doing these things, you’ll give yourself a good chance to sell your house for top dollar. But it could come at a slight cost. Depending on what you want to fix in your home and how you want to stage it, you could be looking at paying a pretty penny.
If this is the case, you may want to look into selling a home to a cash buyer. Want to see how selling a home to cash buyer works? Visit their website to get more information.
By HomeLight Homes
Real Estate Commission
When selling a home on the open market, you can attempt to sell it yourself if you want. But this is usually a recipe for disaster for many homeowners.
Instead, you’ll want to hire a real estate agent to assist you. But you will need to be ready to pay them a real estate commission at the end of the home selling process.
Real estate agents can set you up with home selling tips and give you the best chance to maximize your profits. However, you will need to pay a 6% commission to your real estate agent and the real estate agent for your buyer in most cases.
Closing Costs
When you close on a home while selling it, you’ll be subjected to certain closing costs. You might be able to work out a deal with a buyer to have them cover these closing costs, but this won’t always be the case.
Closing costs help to pay for things like attorneys and title agents. You should factor them into the cost to sell a house when you’re trying to strike a deal with a buyer.
Know the Cost to Sell a House Before Listing It
It’s easy to lose sight of the fact that there will be a cost to sell a house when you list it for sale. You might only be able to focus on how much selling a home will make you.
But you should try to keep the cost to sell a house in mind as you push to sell it. Your goal should be to get your costs as low as you can so that you can put more money right into your pocket.
Get more tips on how to sell a house by browsing through our other great blog articles.
