Costs to Consider When Selling a Home

If you’re getting ready to put your home on the market, you’re probably looking forward to any equity that you’ve gained throughout the years. While you might stand to make some money from the sale of your home, you also need to consider the costs associated with preparing your Wallenpaupack lakefront property to sell.

• Basic repairs. When it comes to preparing your home to put on the market, it’s important that basic repairs are done beforehand. Cracked windows, stained carpet, and other maintenance jobs might not cost a lot, but they do need to be done. Otherwise, it could drive the value of your home down and reduce the number of offers that you receive.

• Staging. Selling your home depends a lot on its appearance to buyers. If you can, set money aside to hire a professional to de-clutter and stage the home in a way that it will appeal to the different buyers on the market.

• Landscaping. The exterior of your home is the first thing that buyer will notice when they pull up. Take the time to fix up, repaint, and repair anything on the outside of your house that could improve its curb appeal.

• Commissions and closing costs. As the seller, it’s likely that you will be paying the commission of both your real estate agent and the buyer’s agent. Depending on the negotiations, you could also end up paying for the closing costs. Usually this is between 2% and 4% of the selling price of the house.

• Home warranty for the buyer. Many times, the buyer requests a home warranty to ensure that nothing goes wrong in the home during the first year of ownership. If they do, this insurance will cost you about $500.

Selling your home can pay off in spades if you put it on the market at the right time. Consult with our real estate agents to determine if now is the best time to prepare to sell Lake Wallenpaupack property.