According to the Zillow Consumer Housing Trends Report 2022, 84% of sellers reported that a potential buyer completed an inspection on the home at least once. Pre-inspection: A pre-inspection is optional, but if you choose to do one before listing, you’ll know ahead of time about any major issues that need to be addressed, which can save a lot of negotiating with potential buyers down the road. If you’re selling on your own, you’ll also want to set aside some money to print flyers, signs and open house materials. If you’re selling on your own - called for sale by owner (FSBO) - you can list your house for free on Zillow in most states. Marketing costs: There are costs associated with listing your home on the local MLS, but it is usually covered by your real estate agent if you’re using one. If you’re using a full-service listing agent, they may cover the cost for you. While standard professional photos can cost a few hundred dollars, you may be able to make 3D tours with your own camera phone and the payoff can be huge. Professional photos and 3D tours: In a Zillow survey of prospective home buyers, 68% either somewhat or completely agreed to the statement that 3D tours would help them get a better feel for the home than static photos. Ask your agent for their recommendation on what buyers in your specific area are looking for: 65% of sellers take on at least two home improvement projects before selling. Home improvements: There are two main types of home improvements you can do before listing: updates to repair or replace old systems (roof, furnace, windows, etc.), and upgrades that add features buyers love, with a goal of garnering a higher sale price. But larger projects like planting trees or installing a sprinkler system can cost thousands. Costs can vary adding flowering plants, raking any leaves, mowing the lawn, lighting the walkway, and - in winter - shoveling snow might be a few hundred dollars. A 2022 Zillow survey found that 33% of sellers who had sold their home in the past two years did landscaping before listing their home for sale and 21% said it helped sell their home. Landscaping: Your curb appeal is your home’s first impression, so you’ll want to make your exterior look its best. Little touches like new bath towels, a fresh doormat, flowers, and cookies can go a long way too. Home staging can take many forms, but at a minimum, you should declutter, arrange furniture to make the most of the space, and remove personal belongings. Staging: According to 2019 Zillow research, younger buyers are more likely to consider home staging extremely or very important - 48% of Generation Z and 40% of millennial buyers. You’ll also want to have the carpets professionally cleaned and the windows washed. While not the typical closing costs, these are some of the contributing costs to sell a house:Ĭleaning: Before your first open house or showing, consider hiring a house cleaner to do a deep clean. Real estate fees: Loan payoff, taxes and penaltiesĬosts associated with selling a house: Home preparations.If you’re just beginning your selling process and are curious about the cash proceeds to invest in your next property, try our home sale proceeds calculator. To clarify, typical closing costs include up to 6% in commissions (to your agent and the buyer’s agent), and an additional 2% to 4% in transfer taxes and property taxes, attorney fees, and real estate fees like title insurance, HOA transfers, and escrow fees. The overall transaction costs of selling a house include standard closing costs as well as potential charges associated with preparing the home for sale, relocating your belongings (and sometimes yourself), and offering concessions to the buyer. Here are the expenses you can expect during that time. On average, homeowners spend seven months planning and preparing to sell their home, and three additional months with their home listed, pending and closing. When you’re thinking about selling, it’s easy to get excited looking at your Zestimate® home valuation tool and seeing how much your home value may have increased over the years, but it’s important to be prepared for the hidden, and sometimes overlooked, costs of selling a home. Selling a house is time consuming and expensive - often much more than sellers might expect. Real estate fees: Loan payoff, taxes, and penalties.Home selling expenses: Vacating the home. Costs associated with selling a house: Home preparations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |