When you decide to sell your home, you’re typically focused on bringing in the best offer possible and the new house you’ll be able to buy with that money. It’s easy to forget that a good chunk of your profits is going to have to cover the costs that go along with a home sale!
Ultimately, you will make money when your house is sold, but the process of getting there still involves a good amount of spending. As you sit down to determine your budget for buying a home, don’t forget to include these inevitable costs of selling your current place too!
1.) Home Inspection
Although a pre-sale inspection is optional, real estate agents typically do recommend it to ensure you have the opportunity to get the best value for your property. These can cost you a few hundred dollars, but it’s well worth it. With a home inspection, you’ll be able to identify issues that should be fixed before listing and guarantee your home is in the best condition for a sale.
Nobody wants to invest hundreds of thousands of dollars in a home that appears dirty or unsanitary! You need to give your house a deep, thorough cleaning before you even considering showing it. It’s best to have this done professionally—carpet shampooing, window washing, floor maintenance, etc.—to make your home as appealing as possible.
3.) Home Repairs & Improvements
Don’t risk not receiving full value for your home by not addressing basic home repairs and easy improvements. Fix damage from years of use and any existing issues with major appliances or utility systems, like a leaky faucet or dead power outlet. Spruce up your interior with a fresh coat of paint and some home staging. Don’t forget about your home exterior either—a good landscaping service can do wonders to boost curb appeal!
4.) Closing Costs
Don’t close your wallet after the papers are signed! There are still taxes and fees to cover that accompany the closing process. Homeowner’s association and attorney fees, property and transfer taxes, and mortgage payoff all need to be taken care of before you can hand over your keys. Not to mention the commission for your expert real estate agent!
A good agent will help you work within your budget and dedicate themselves to securing the best offer possible for you and your home. If you find the right one, you’ll be happy to reward them with that profit percentage!
Fortunately, Peri Kiros is not only incredibly experienced and well-connected in the Florida real estate market, she’s also passionate about helping you choose the right home and getting the best value for your sale. Contact us today to learn more about her superior services!