Often, people underestimate the costs associated with selling their home. It’s not uncommon for all of the combined costs to equal around ten percent of your home sale price, which generally amounts to a good chunk of money. So, if you’re planning on selling your home in Charlotte, here are a few of the potential costs that you’ll have to consider.
Once you know the total cost of selling, you’ll be able to assess whether listing your home and selling it the traditional way is the right option for you.
Staging Costs
You may have designed your home according to your preferences, but that won’t necessarily work for the potential buyers. They’re going to want to be able to see their lives and design in your home or get a sense of what it might look like from a neutral perspective.
That’s where a home staging company will come in and rearrange your home to make it as appealing as possible for a wide range of audiences. That might mean changing the layout of furniture or even bringing in new furniture. Depending on the company you work with, the costs could be anywhere from $2000 to $3500 on average.
Repair Costs
There’s a good chance you have a few areas of the house that could be updated. It might have been easy to ignore those little fixes while you lived there, but a potential buyer is likely to be put off by any damage or broken items they come across. You’ll want to make sure that potential buyers know the house has been well taken care of.
You may choose to get a pre-inspection report, which will identify any potential damage or repair issues. From water damage to a leaky faucet, you’ll be able to assess each one and figure out how much it will cost to get it fixed.
Improvement Costs
Along with any repairs, you may decide if you’d like to make any upgrades or renovations to the home before selling to up its value and chances of being sold. If you’ve got the extra cash, upgrading any old home areas such as the kitchen and bathrooms can improve your sale price.
Agent Commission Costs
The upside of using a real estate agent is that they do a lot of the work for you in terms of listings and arranging open houses and tours, preparing all the paperwork, and handling the negotiations on your behalf. However, this does not come for free.
The listing and buyers agents involved in the transaction often receive a commission in the range of five-to-seven percent of the final sale price. These fees are usually negotiable and can be more or less depending on the situation.
Even if you choose to sell your home without an agent, you would still have to pay a commission for the buyer’s agent, which is typically half of the overall commission.
Sell To Homebuyers
You can avoid the hefty costs that come with selling your home when you choose to work with a home buying company in Charlotte. A trusted home buying company will provide you with a fair cash offer to help you sell your house no matter the condition it’s in.
