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| Cost
of Selling |
As with nearly everything
about real estate transactions there are costs to selling
your home. What are these costs?
- Repairs - You will most likely make necessary repairs
on you home prior to trying to sell. You may do these
yourself or you may hire someone that will cost some
money whichever way you decide to go. Remember that
if you do not wish to do any necessary repairs you
will need to price the home accordingly.
- Sales Commission - Unless you sell the home yourself
(FSBO), you will most likely have to pay an agents
fee, which is usually 6% of the sale price.
- Moving Expenses - If you sell up, you will most
likely have to move your belongings to another home
and this will cost money. You can minimize the costs
by dong most of this yourself which is still an expense.
- " Closing Costs -The seller is usually responsible
for some of the closing costs. Some of these costs
can be negotiated around and it is likely that you
will pay some.
- When you sell a home you will most likely buy a
new home and there are costs involved in buying home
also - see our Buyer's
Guide to better understand the cost involved
in buying a new home.
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