Home Selling Costs And Considerations To Plan For During Your Next Home Purchase
Posted on: 6 January 2020
To buy a home, you may need to prepare and improve your credit, save up for a down payment for the mortgage, and plan for the physical move to your new place. But along with these expenses, you often need to sell your current home first. Here are some items and expenses to consider when you are selling your home to buy your next residence.
Realtor Costs
One of the most commonly used professionals during a home sale is a real estate agent. A professional realtor is a great resource to prepare, price, and list your home on the multiple listing service (MLS) to get as much attention as possible from potential buyers and their agents.
Without using an agent, you can post a sign in your yard, post the home details on your social media, and list it for sale on local sales websites and community pages. But without the MLS, your property's details are not going to reach as many potential buyers.
Plan for your real estate agent's fee to come out of your home sale proceeds. When you hire a realtor or broker to list and sell your home for you, they will receive a commission payment, which could be a flat-rate fee or a percentage of the home's sale price. By hiring a realtor who gets paid based on a flat fee rate, you get all the marketing and sales efforts along with your home's listing on the MLS at a great price. This is a great way to benefit from a professional agent and their services.
Home Staging
Another expense related to selling your home comes along with preparing your home for the market. It is a good idea to organize your home and prepare it to best show off its space and features to a buyer. For example, you can stage your home yourself by renting a storage unit and packing any extra items and clutter into it from your home.
With another option, you can hire a professional stager to come into your home and manage the entire process. They will place furniture and decor and remove personal possessions within your home to best showcase it. This helps a buyer better see themselves living in the home and shows a buyer, for example, that the corner by the window in the master bedroom is a good space to use for a reading nook.
Use these tips to help you best prepare for the preparation, listing, and sale of your home. To learn more about MLS listings, contact a company in your area like Crawford Realty, Inc.
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