Looking to sell your home this year? If yes, we are here to help you. This article will provide you information on how to calculate the real cost it will take you to sell your home and help you sell quicker. Read below to get informed.
To calculate the true cost of selling your home you will need to review realtor’s commission, repairs, and house closing costs. We will give you details on each category.
When you list your house for sale, you will have to mark up the price right away to cover commission. Commission can be 6% or more to make sure you do not lose your profit margin. For example a $200,000 house would cost a realtor $12,000 to sell the home.
Repairs to home property can be costly in both time and money. Repairs can include new paint jobs, new carpet, new flooring, landscape work and other remodeling factors. Repairs could cost you hundreds and thousands of dollars. Repair cost all depends on the size and the age of your home. For example, an older home is more inclined to need major repairs on plumbing, electrical or HVAC systems.
House Closing Costs
When you finally close a house, fees will be associated with the closing. As a home owner, you will need to go to the Realtor’s title company and pay fees. You will also need to pay the Mortgage Company and miscellaneous fees. House closing costs are 3 to 5% of a home’s sale price. Going back to the example of selling a $200,000 home, the closing costs could be an additional $6,000 to $10,000.
Sell your home without losing your investment, with Jeremy Walsh Real Estate.
If you have any questions, please contact Jeremy Walsh Real Estate by calling 443-610-5722 or click here today!
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Source: The True Costs to Sell A Home