When it comes to the cost of selling a house, there is a lot of information out there. There’s a lot to consider when making the decision to sell a house, due to the fact that a house is perhaps your most expensive investment. But, don’t let that intimidate you; selling a house is a very common occurrence and doesn’t need to be an excessively stressful experience.
As long as you keep these tips in mind and consult with an expert, selling your house can be a successful and exciting change in your life! From taxes to home inspections, make sure to take into consideration every expense you might be dealing with when selling your home. Overall, you can get a chunk of money that you’ll be satisfied with and that will allow you to move on to your next life goals.
Let’s go over some costs to remember:
- Real Estate Agent Commissions – Most resources will tell you that commission for a real estate agent is from 5% to 6%. However, commission is negotiable.
- Taxes and Neighborhood Fees – The forms of tax you need to look out for when selling a house are property tax and capital gains taxes (https://www.irs.gov/taxtopics/tc701.html). These depend largely on the location of your house and how recently you have paid taxes. These costs will be based on individual analysis.
- Additional Costs – Make sure to look into other necessary costs, such as moving costs, home repairs, and possible insurance for the buyer (usually ranging from $500 to %1000).
Don’t want to deal with these costs? There are also agencies that will consult with you and provide you a fair offer for your house in cash with no additional fees. (http://tywinhomes.com/)
Hopefully this was helpful for your specific housing situation. Good luck!