Cost of selling your home

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  Your house-selling procedure is incomplete without paying the real estate agent his/her commission. This commission is split up between the buyer’s and the seller’s real estate agents. It’s about 5-6% of the sale price. This is negotiable and not set by law. 

  When you sell your home, you need to make some investments in the property. Because people love to invest in those properties that are visually appealing and better functioning. 

• You should complete any kinds of repairs and renovations in the home before listing. 
• Declutter your spaces. Less is better!
• You should get a professional deep cleaning service to ensure your house looks beautiful. 
• If you’ve already moved, then consider “Staging” the home to look occupied. Cost for staging differs according to the size and furniture of the home. 

Although most closing costs are also handled by the buyers, sellers also have to contribute to some expenses. Sellers will pay for tile insurance, some of the escrow fees charges by the Title company, and property transfer tax of 0.86% (slightly less than 1%).  

 You must pay off your current mortgage at closing. Some lenders charge a prepayment penalty for early mortgage settlement. Check with current Lender.

In general, the County charges recording fees for items such as the Deed, Land Contract, etc.  These charges are minimal though. 

Although real estate agents handle property marketing. For “FSBO” for sale by owner sellers, choosing online listing, professional photography, virtual tours of the property, etc. are suggested. All these marketing and advertising methods have different costs, and you should choose suitable options according to your budget. 

What is the cost of selling a house? When you sell your house and shift to a new place, you need professional mover’s services. The professional service cost is also added to these expenses. 

To conclude, what is the cost of selling a house? You’re not done with just listing the house on the market. You must play a role in every part and spend your money wisely to get better outcomes. Good management of cost is important so that you can feel less alarmed or baffled from all of costs involved with selling a home. A Utica Realty Agent can help you with these items.