When you sell your house, you do so with the intent of making a profit on the sale. But the harsh reality is that you have to make some investment in the form of closing costs to make your profit.
The cost of selling your home can add up to tens of thousands of dollars depending on your location, fees, repairs, and more. In this article, you’ll learn about the costs that are involved in selling your home. And also how to avoid paying closing costs by selling to reliable cash home buyers In Wichita. Continue reading to learn more:
Costs of selling your home
The fees that makeup home staging costs include services and rental fees. Staging your home is important if you want to sell your home fast. Home staging fees can add up to a few hundred dollars.
Professional cleaning and landscaping
Before selling your house, you have to clean it thoroughly and ensure it’s in the best condition. Professional cleaning can be about 10 cents per square foot. And professional landscaping can be about $4-10 per square foot. But this can easily increase depending on how big your house or yard is.
Home repairs and maintenance
You can choose to either make repairs in your home or sell as-is. But if you want to sell your home for a good price, then you have to make repairs and ensure your house is in its best condition. Repairs in the house could take up to five percent of the profit you make from the sale of your home.
Home improvements and renovations
Before selling, sellers can choose to make improvements or renovations in their homes. The cost of renovation could run into $5,000 or more. If you’re going to invest in renovations, focus on high-value rooms like the kitchen.
To sell your home, you will need quality pictures to post on social media and the internet. If you’re looking to get quality videos, photos, or virtual tours for your home, you should be willing to pay anywhere between $100-300 for professional photography.
The size and age of your home affect the cost of pre-inspections. The bigger your home, the more money you have to pay for home inspection. Now, you can expect to pay $300-$500 in home inspection costs.
Utilities and holding costs
For sellers who plan to move out of their home before selling, they may have to pay certain fees in the form of utilities and holding costs. The house you listed on the market ought to have running water and working power. Also, you have to pay other costs like homeowners association fees even when your home is already on the market.
You can choose to hire a real estate attorney during closing or not. But if you’re going to use a real estate attorney, then you can expect to pay $150-400 per hour depending on the attorney’s level of experience.
If you’re owing on your mortgage before you sell your home, then you know you have to pay off your mortgage loan from the profit you make from the sale of your house. Peruse your agreement for prepayment so you know how to proceed.
The costs of moving your personal belongings and items from your home should also be considered as closing costs. You can only avoid paying this fee if you choose to move your items personally.
The cost of selling your house depends on different factors including tax rates, local laws, and how much you’re ready to spend on your home.
However, there’s a way to avoid paying closing costs when selling your house. You can achieve this by selling your house to a cash house buyer. At Kansas Property Solution, we provide the solution you need to avoid paying unnecessary closing costs. We buy your house at the best price and close the sale of your house in record time. When you sell to us at Kansas Property Solution,cash, you won’t have to make repairs or renovations because we’re ready to buy your home as-is.
Contact us today to learn more about our services!
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