For many people, when they think about selling their houses, the first thing they will do is look around for a local agent. Agents are a great asset when it comes to selling your house, however, it is not the only way or strategy you should consider. By doing a little homework, you can successfully sell your house on your own, saving you time and money overall. In our latest blog post, we will discuss some of the most common costs of a traditional listing, so you can determine if hiring an agent is the best choice for you!
The Pre-Listing Costs
Before you consider putting your home on the market, take a look at other homes on the MLS. Find out what buyers are wanting by seeing other comparable properties and more importantly, look at what the houses are actually selling for. How does your house stack up? Will people opt for your house over the one next door? You will need to look t it from a buyers point of view. They will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to the home in order to be competitive. Properties that have been on the market will lose interest from buyers over time. If the property doesn’t sell, people will likely believe there is something wrong with it. You need to come out of the gate with a house that wows potential buyers and proves to be an excellent value for the money.
Agents don’t work for free. Most agents will work hard and earn every dime you pay them. That said, be wary of those who don’t. While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission which typically runs about 6% of the final sale price. This amount will still be owed, even if you sell the house by yourself to someone you know. In addition, some agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Knowing exactly what’s included in the listing agreement because there aren’t any agents who are the same.
At The Closing Table
Once the closing date comes around, in addition to paying your agent, you will also have to come up with the closing costs. You can count on 3% of the final sale price to most buyers who don’t have money saved up. The closing costs include things like appraisal fees, taxes, deed recording, title search, dee recording, credit checks and more. With a direct sale to YourPriceMyTerms.com, all of these costs are covered for you.
Time Is Of The Essence
When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. Some agents are able to list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to [comapny], you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.