What Are the Costs of Selling a Home?

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1. Pre-Sale Repair Choices: Fix everything | Just the big stuff | Obvious stuff | Stuff future buyer wants fixed after home inspection.

2. Staging Costs: First impressions count when you’re selling a home, and a cluttered, outdated, or garishly decorated home is going to turn off a lot of buyers before they even get a foot in the door. Add to that the fact that staged homes sell 88% faster and for 20% more profit than non-staged homes and you can see the value in making sure your home is in tip-top design shape before it’s listed.

3. Home Inspection: while optional in selling a home, it could save you money in the long run if you get on top of repairs that allow you to ask for a higher sale price.

4. Home Equity Loan Payback: gotta be paid back before you sell.

5. Title Insurance Policy: protects you in event of a title dispute. Sometimes paid by the buyer, but not always.

6. RE Commission Fees. Agents will get a set percentage of the sale price—generally 5% to 6% of the sale price.

7. Closing costs They’ll probably include recording fees and a property or deed transfer tax, in addition to the aforementioned real estate agent commission fee. All together, these usually come out to around 8% to 10% of what you make in the sale.

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