The Hidden Costs of Selling Your Home

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

When you’re thinking of selling your home, there can sometimes be hidden costs you don’t know about. You expect things like the commission, but what other costs might you incur?

“

Some repairs are better to 
pay for, but some should 
be negotiated.

”

• Repairs. I think it’s a good idea to have a home inspection done up front to prevent any unwanted surprises, but in case there are, it’s good to get that done up front and check them out so you don’t have to spend more money. Some of these repairs are better to pay for, but some are better negotiated against the asking price. We can help you decide what is better to do in this case. Sometimes the return on the investment is less if you actually pay for it, so we would be happy to help you walk through it.
• Title Policy. A title policy is when the title to your property has been thoroughly checked out by an attorney to make sure the deed is free and clear of any encumbrances or liens. In our area, some are paid for by the seller, and some by the buyer. If there’s a cost you’re going to incur, we can break that down for you.
• Staging. This is an important thing to do because houses that are staged sell very quickly. This is a cost that you will incur, but it’s money well spent.
• Tax consequences. There may be tax consequences when you sell. If you’re an investor and you’ve owned the property as an investment property, you’ll have issues to think about regarding capital gain. If the home has been your primary residence and you meet certain criteria, you won’t have to pay any capital gains. Regardless, you’ll want to check all of that out with your real estate professional.

If you’d like more information on selling and a full list of costs of exactly what it would take to sell your home, we’d be glad to get that to you. Just send me an email or give me a call.