As the owner of a property in Raleigh, North Carolina, listing a house involves costs – expenses that will eat into your profit margin. Before you decide to list the house, it’s prudent to find out how much it will cost you.
As such, you must learn about the costs you’ll incur at every stage: before you list, during the listing process, and up until you’ve closed the sale, so that you can adjust your selling price, accordingly.
Costs Before Listing
Cleaning the house from top to bottom ensures that it looks appealing to potential buyers. Although you can clean the house yourself, hiring a professional ensures that the home is spotless by the time it’s ready for listing. Cleaning also involves improving the landscaping to enhance the curb appeal of the property.
Preparing the house for listing may also involve minor cosmetic work, like painting, and significant repairs like fixing a damaged roof. You might also consider upgrading the bathroom or kitchen to raise the value of your home.
Though these may initially make a dent on your wallet, these improvements and repairs may prove to be key in getting you the best deal and the best profit margin for your home in Raleigh.
During the Listing Process
To close a sale more quickly, you need to hire a real estate agent who can market your property effectively. Agents usually charge their commissions as 6% of your sales price. Make sure that you get a reputable, professional agent to help you figure out the best price to sell your home.
You might also need to hire a real estate photographer to capture the best features of your house for listing sites. It may be best to photograph the home empty, so that the potential buyers can see the full space of the house. Remember: first impressions are important and presentation is key!
Even if you’ve moved out of the house, you still have to pay your monthly mortgage and utilities up until its closing— including electricity, water, insurance, and property taxes. You also need to take care of the routine cleaning and maintenance of the house.
You might still have to shoulder the costs until closing day. The buyer might also negotiate on who pays for other areas of the house that need repairing.
Though some buyers typically pay for the closing costs, others will ask the seller to foot the bill, especially if the latter is trying to sell in a buyer’s market. These costs include credit check costs, document filing, and property taxes.
Be aware that on average, a Raleigh home that sells between $200,000 – $300,000 will have an estimated closing fee ranging between $1500 – $3000.
After adding up all the costs, you can see that listing may not be the right choice for your property. If you want to sell your property without the traditional listing costs, Offer Hut can help! Offer Hut’s professionals can help you get the best deal quick and hassle-free. Fill out our contact form or call us at 919-514-1001 today!