When determining how to get the most money when selling your house, it’s also important to consider the different costs that come with the listing and sale of a property. Below are a few of the costs you’ll have to consider as well as our home seller tips for how to sell your house while saving money on these:
Real estate commission
The real estate commission is the biggest fee a seller pays, and it’s important to work with a realtor who has your values in mind when selling a house. As you’re giving them 5% to 6% of the sale price, be sure to do some prior research and work with one who has an extensive skill set. They will help you with marketing when selling your property and providing tips when selling your house, so you must find a trustworthy partner.
Know that you can also negotiate the terms and rates charged by a realtor, and these are sometimes accepted if your house is very marketable and can be sold quickly.
As mentioned above, a great tip for how to sell your home for more money is to invest in repairs and renovations before getting it on the market. Most buyers are looking for a liveable home, and putting just a bit of work into making a space ready to move in can help you sell your house fast.
Staging and advertising
Buyers like to envision what a home would look like after they move in, so after the cosmetic repairs, you’d want to hire a stylist to help stage and design your home. Usually, they bring in or order furniture and decor pieces to make your house look lived in and also do minor changes such as utilising neutral paint for your walls.
Additionally, realtors will need a budget for the advertising costs when selling a house, from getting it photographed to drawing up floor plans to increase your property’s marketability to buyers in the area.
Closing costs and legal fees
You might need to consider things like a mortgage pay-off and other legal fees when selling your house. Generally, you’ll most likely need to do some conveyancing when selling a property, and this requires the help of a legal professional to help you draft contracts.