Unfortunately, selling your home isn’t free. From start to finish, you will need to spend money to successfully sell your home. Whether you decide to rent furniture for staging, steam clean the carpets, buy some new light fixtures or pay the brokers’ commission, you’ll need to be financially prepared for this process.
Here are some costs you may be expected to cover leading up to the sale of your home:
The total cost varies greatly depending on where you live,the house you have, activity on the market and how much money you’re able to put in toward a successful sale.
Overall, you want to estimate that your costs to sell will be about 8% of your sales price.
So, if you sell your home for $250,000, you can estimate that all of your closing costs, commissions, and fees will add up to about $20,000. You are better off over-estimating and being pleasantly surprised at the closing.
For more information on getting ready to sell your home, download our FREE Seller's Guide Here.