What is the cost of selling your home?
Actually selling your home won’t cost you a fortune – not out of pocket anyway – unless the home needs some work done first. Your realtor generally takes their commission from the sale of the home, and doesn’t receive anything until the home sells – this is why realtors are so motivated to work for their clients. Your realtor will handle advertising your home on all the relevant channels (online, in newspapers, and with signage).
What if you’re selling your home privately?
If you decide to sell your home without a realtor then there is a good chance you will incur many out of pocket expenses. While you can advertise your home for free online in many places, reaching as far as a realtor, for as long as you may have to, can eventually add up. What’s more, if you need to stage your home, repaint it or do any renovations, all these things can cost you a significant amount of money.
Selling your home can take time, depending on the economy and the demand, but it doesn’t have to cost a fortune. Getting a realtor is one of the best ways to make selling your home painless and carefree. Most people don’t have the time to be holding open houses, posting advertisements and setting up viewings, on top of having a job or taking care of their families. Sometimes a realtor’s work is a 24 hour job, who has time for that?
Selling your home can be a big job or a small one, a fast or a slow one. It may eat up some resources if work needs to be done, or it may be extremely inexpensive, it all depends. One thing you can do is consult a realtor to determine the value of your home and if anything needs to be done to it before putting it up for sale. This can give you a good idea of what your costs may be.