What Are the True Costs of Selling a Home? Let's Take a Look
Wednesday Jun 23rd, 2021Share
Ball pack average costs incurred by my sellers are real estate commissions, legal fees, and sales tax on real estate commissions. These vary based on province, region, and our commission cost structure.
Do you want to sell your house? Before you list your home, it is important to understand how much all this would cost. You will have to handle a few bills, which may include layering up the walls with a fresh coat of paint, substituting the roof membrane or merely covering your taxes. We will discuss a few definitive costs that you will incur once you decide to sell your home.
Is Your Home Ready To Sell?
Firstly, you must answer if your home is ready to be sold. If your house is not relatively new, there may be a few requirements in terms of repairs and maintenance. Based on the age as well as the condition of your home, there may also be a need to invest in a full home inspection. This is a necessary investment, particularly when it comes to finding problem areas needing immediate attention.
Invest In A Good Real Estate Agent (And Their Commission)
To obtain the best price for your home, a good real estate agent is mandatory. Obviously, you will have to pay them as well. After selling the home, the agent receives a percentage of the sale price, which is basically a commission. In Ontario, the home seller also pays the commission for the real estate agent of the buyer.
Factor In Costs During The Sales Process
There are costs attributed to the selling process too. Right from lawyers' fees to excise taxes, there are several small costs that tend to snowball. You may choose to invest some money in your open houses as well, to make the environment a little more welcoming. All of these aspects will increase your overall costs.
Moving Out Will Cost You Too
Lastly, remember to consider the expenses associated with moving to your new home. A lot of families do not consider moving expenses, which can be quite expensive.
Clearly, selling a home involves a lot of money and it is best to allow an experienced professional to steer it. When you are all set to initiate the process of selling your home, get in touch with us. We can ensure that you enjoy top dollar when you sell.
Charissa Realty, we cater to all your real estate needs.