Buying a new home is a huge investment, and it is one of the most significant decisions a person can make. A homeowner wants to get as much money as possible when selling their home, which is why hiring a real estate agent can cost a large percentage of the sale price. Some homeowners try to circumvent this by selling the home on their own, but considering what a realtor can bring to the table can add up if you decide to sell the house on your own. Here are a few of the expenses involved in selling a home that you might not think of.
Pre-inspection
While not every seller gets a pre-sale inspection, it is a priceless tool in getting a sale to go through quicker and at a higher price. By getting a professional inspection before you put a home on the market, you can make sure that everything is in the best possible shape before a buyer’s inspector comes in. Sometimes a buyer will even wave their own inspection when they see the report from your inspector.
Professional Staging
Professional home stagers can improve any property, regardless of its current state. They can make homes look good but also generic so buyers can easily imagine how to change the house to meet their needs. This is helpful both before getting photos of the home and when preparing for an open house.
Independent Appraisal
Selling your house at a low price might attract buyers, who would buy the house quickly. However, setting the price too low is risky since you could lose out on what your home is worth. If the price is too high, selling your house could be very difficult. This is why it is essential to hire a residential appraiser to give you all the facts. Ask them to assess your home from top to bottom, including the basement and attic. Afterward, you can compare their report to the most recent sales in the area and get a good idea of what your asking price should be.
Attorney Fees
Selling your property without a real estate agent requires serious legal supervision due to the high federal and state regulations surrounding the process. Using a pro like an estate agent makes this process much easier, so it’s recommended if you choose this route. However, you can still manage this task using an attorney when you sell your home yourself. Your lawyer will usually charge by the hour, but remember that they will be quick to turn on the meter when you call, text, or email them.
Seller Concessions When it comes down to the closing, there are a lot of negotiations at the table. For example, buyers often request money from sellers to cover closing costs. Sometimes they might offer to pay if you leave some of your appliances behind, and in some cases, they might even negotiate to keep some of your furniture. Of course, this is a personal choice, but it might make your move easier, especially if you’re moving a long distance.
