you’re thinking of selling your Denver
home, you may be counting the profits based on your estimated home value and
the balance on your mortgage statement.
you get too excited, remember that putting your home on the market comes with
its own costs. However, homeowners can use some creativity and comparison
shopping to reduce their costs and boost their bottom line.
you may feel as if you’d rather spend money to buy your
next property rather than to sell your house, remember that careful
spending on the marketing of your home can result in a higher profit at the end
of the transaction.
Your Home Ready for Market for Less
you list your home for sale, you’ll need to spend some time and money getting
the property in pristine, buyer-friendly condition so it garners the highest
possible purchase price. While you may think you need to spend thousands on a new
bathroom, paint your entire home or put in a new garden, you should consult a
REALTOR® who can tell you the best ways to spend your energy—and your cash.
rid of clutter, organizing your closets, paring down your personal photos and
deep-cleaning every inch of your home are all cost-free steps that go a long
way to improving your home’s appeal. Simple, inexpensive fixes such as
replacing cabinet knobs and light bulbs can make your home look cleaner and
more modern without requiring excessive spending.
Spending During the Marketing Phase
your home goes on the market, it’s best to make it available as often as
possible for potential buyers and their agents. If you have a pet that could
disturb buyers or makes your home seem crowded, you may be tempted to pay for
boarding. Instead, look into your options for pet-sitting exchanges or develop
a routine to take your pet with you when you leave the property so it can be
staying away during a scheduled open house can be relatively easy to arrange,
vacating your home for unexpected or last-minute visitors can play havoc with
your and your family’s lives, especially around mealtimes.
can head to a restaurant to wait out visitors or to avoid cooking entirely so
that your kitchen is always pristine and your home never smells like fish or
spices—but that can get costly. Instead, have a variety of contingency plans
such as visiting the library to do homework, purchasing picnic supplies for
impromptu meals and making plans with nearby friends to cook at their home when
Your Closing Costs
costs on a home sale are typically a far greater expense than restaurant meals
or pet care, but sellers can take steps to keep their costs as low as possible.
Home buyers typically pay most of the closing costs, but this is negotiable and
varies according to local market conditions.
the largest closing cost paid by sellers is the commission for the agents
involved in the transaction. Commissions vary by location and are negotiable,
but they commonly can be up to 6% of the sale price. As a seller, you can
negotiate the commission with your listing agent, but remember that working
with a knowledgeable REALTOR® can increase the sale price of your home and your
costs at the closing for sellers also could include paying off your loan
balance, any unpaid property taxes and outstanding homeowner association
dues—none of which are negotiable. Depending on whether you hire your own
attorney and on the local practices in your market, you may need to pay an
attorney’s fee, transfer taxes and a title insurance premium.
your agent and a title company to get an estimate of your costs and to ask if
any of those fees can be reduced or negotiated.
what your home is worth? Use our FREE online valuation
tool Click Here!
Michael Kane is a Broker Associate at Keller Williams. He is a member of the
Carr Peck & Associates team that is recognized locally and nationally as in
expert in real estate. Locally he is a member of the Denver Metro Association
of Realtors. Nothing brings him more joy than making his client’s dreams
become a reality! For more information feel free to contact
him or call 303-717-9284. Information provided by realtor.com.
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Author:Jason Peck Phone: 720-446-6301 Dated: November 17th 2014 Views: 428 About Jason: ...
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