Here are the typical Hidden costs of selling a home. Some are a matter of choice, yet may be important investments in making sure your house sells for the highest amount possible.
Real estate commissions
Are you going to sell your property through a real estate agent or try selling it on your own? You, as the seller, will likely be paying the entire 6% – 10% commission, to be split between the buyer’s agent and yours. The fee is approximately 10% plus taxes.
There are many companies that offer professional staging and this is a service that is sometimes offered through a realtor, but if you’re listing your home privately, you might want to consider the use of a staging company. Expect to pay a professional stager a few thousand dollars for their services.
Painting And Renovations
Hidden costs of selling a home. A new paint job is one of the most cost-effective ways of freshening your house up, inside and out.What you need to do is to pay attention to the repairs that have a major visual impact and would affect the property value. You can save some money by doing some of the painting yourself, hiring someone will quickly run into the thousands of dollars.
When did you last wash the windows especially, on the outside panes of upper floors? Sparkling windows make a surprisingly large difference to buyer perceptions. Hiring someone will cost a few hundred dollars, depending on the size and height of your home.
Multi-Service Lawn Care
Buyers are interested in the state of your garden. If it’s already fully planted, you’ll want to hire someone (or put in some sweat equity) to get it raked, pruned, and otherwise tidied up. If the area hasn’t already been landscaped, plan to add some new greenery and flowering plants.
If you have a mortgage on your current home, you could be faced with a steep penalty to break it. For example, if you have three years left on a five-year term, your lender would use the interest rate it is currently offering for a three-year term to determine the second rate for comparison in the calculation.
There are companies that measure homes and properties, and most of them guarantee the dimensions they provide in the event of a dispute. If you’re listing your home, you’ll want to have the measurements verified to reduce your liability in the event that there is a misrepresentation in the square footage of the home. Hidden costs of selling a home. The cost of a professional measurement varies between regions but generally starts at a few hundred dollars.
Depending on whether you use a real estate agent or not, some can easily provide a market assessment of your home while there are third-party companies that provide a professional appraisal in case you want a second opinion.
Asking your friends with pickup trucks to help can save you some dough but will take a lot more time. Sometimes it’s worth paying for the deluxe treatment, where the company packs your boxes for you, transports them to the new location, and unpacks at the other end.