How Much Is Too Much When Spending Money On Selling My House
In this post, we will tell you a little about what kind of expenses there are in selling your house and if they are worth the trouble.
When homeowners to choose to put their houses on the MLS in areas around Warner Robins Perry and Kathleen, Ga, there are usually costs they aren’t aware of and not prepared to for. Below we will discuss the costs you should expect with selling your house on the MLS and when it makes sense to spend the money. We will also suggest alternatives that can save you money on selling your house the traditional way.
Costs of selling your house.
“So what kind of money CAN I expect to spend when selling my house?” You will need to factor in commissions and fixing up the property. A commission will usually eat up about 5-6% of your final sale price, which alone, can be a high amount of money. An agent will market the house and show it to prospective buyers. Most agents will suggest that, if your house is not in the best condition, you need to repair and clean the house to get the best price. Most remodeling of bathrooms and kitchens or replacing a roof will add value to the sales price of your house. Most other repairs (required or not) will not get back the full cost you spent on the repair. It may be more cost effective to sell the house as-is. Sometimes its smarter to take less money now than spending more to get your price and then not getting your repair costs back.
The next cost of selling your house is closing cost. Closing costs which will amount to another 1-3% of your final sale price on average! When listing your house, who pays closing cost (or splitting the cost) can be negotiated. It is up to you to explore your selling options with a real estate professional so you can ensure the best outcome.
When It Makes Sense To Spend
If your house needs little to no work and is in high demand, it can pay to list with a real estate agent. Make sure you are hiring both contractors and an agent whom you trust. Small repairs won’t cost much and touchups can sell your house faster. Paying for minimal repairs while feeling confident you will get your asking price is a no-brainer. However, if there is a lot of competition in your market or if the property requires a lot of money to fix-up and repair it, call us. Many people think that listing will be their best choice, but realistically, this isn’t always the case. Some properties will fare much better by being sold as-is to a direct buyer.
Alternatives To Listing Your House
The best alternative to listing your house is to sell it directly to a professional buyer. When you work with a professional buyer to sell your house directly, you will be able to avoid things like repairs, commissions, and closing costs. When you add it all up, the time and money you save can be worth it!
Selling directly also benefits those who don’t have the time to facilitate a traditional sale with a real estate agent. Some people need to sell their houses quickly, and in these cases, a listing may not be the best choice.
Keep in mind that not all home buyers in are the same. When you choose to work with the team at Real Estate Problem Solver, you can always ensure you will receive a great offer for your house no matter what condition it’s in. We believe in paying fair prices based on the current real estate market combined with the condition of the property. By avoiding commissions, repairs, and all of the other costs of a traditional listing, you may find that a direct sale is the opportunity you have been waiting for! Get in touch with us today for a direct offer for your house!
Learn more about what goes into a successful home sale! Contact us today for more information! 478-273-0062