Hidden Costs Of Selling Your Phoenix Home
When you decide to sell your home, the last thing that you expect is to be forced to give up nearly one-tenth of the sale price in fees and expenses related to the sale process. But that is exactly what homeowners are experiencing when they elect to sell traditionally. The following are some of the expenses that you might be prepared to pay or that could come as a shock to you.
Real estate agents do have the ability to negotiate their commission which is a fairly well-guarded secret in the real world. So many sellers never bother to ask about negotiating the pretty standard 6% that most agents are paid. To put that cost into perspective, the average house sells for $275,000, and the commission for that sale is a whopping $16,500 which comes right out of the sellers pocket.
When you list your home as move in ready, that statement can be very much a judgment call. Buyers are very likely to come to you with a long list of repairs that they want to have completed before they agree to a deal. The cost just to have a good cleaning on the inside and outside of your home can easily be over $1,000 and a fresh coat of exterior paint averages about $2,000. These costs can quickly add up and are items that you will need to pay for before you ever see a dime from the sale of your home.
You might think that fixing a few handles, knobs and tricky windows to get ready to sell your home is a simple and inexpensive task. But the truth is that even completing many of the quick fixes yourself can add up to a couple thousand dollars in materials, and that does not include any labor that you might need to hire to assist with the repairs. And then there is the cost to whip the landscaping into shape. Curb appeal is critical but it does not come cheap. Virginia Tech recently completed a study which determined that a full yard clean-up will cost an average of just over $3,000.
The Final Prep
With all of the small repairs completed, it is time for an inspection and staging to get your home ready to receive potential buyers. An appraisal and home inspection cost an average of about $700 and staging comes in at a bit less being an average of $650. So open your wallet once more and pull out well over another grand to get your house on the market.
No Money – No Worry
If you do not have the $10,000 to $20,000 sitting around to cover these home sale expenses, there is another option that will save you these costs and a lot of your valuable time. Contact Higher Offer today to learn about the fast process of selling your home to this investment firm. The cash offer is extended to you to purchase your home in as is condition and without the need for an expensive realtor. All you need to do is accept our offer and start packing.