Selling your home can be stressful and exciting for many reasons, especially if you’re anticipating moving into your new dream home. However, selling your home can also be a lot more expensive than you expected.
Here are a few ways to lower the costs of your home sale.
Do Your Own Marketing
First, doing your own marketing for your home sale can help you to save a significant amount of money. Paying for listings and advertisements online and in your community might not seem very expensive at first. However, the costs of those advertisements will add up quickly over time, particularly if it takes you a few weeks or months to find the right buyer for your home.
So, you can save a lot of money on your home sale by doing your own marketing for your sale, asking price, home tours, and more. Make sure to research the best marketing techniques to save money and attract your ideal buyers.
Reduce Your Closing Costs
Closing costs are another huge expense that you’ll have to pay when selling your house. Closing costs can easily add up to tens of thousands of dollars. Traditionally, closing costs include loan origination fees, insurance fees, title fees, taxes, appraisal fees, and commission costs.
Real estate agents can be helpful when you’re trying to sell your house, but they also often charge a hefty commission fee. Most real estate agents charge 5-6% of your home sale price in commissions. Selling to a cash buyer is one way to avoid spending money on repairs and commissions.
DIY Repairs When Possible
When you’re getting your house ready to sell, you’ll likely need to take care of some repairs. These repairs will help to get your house in good shape to attract more buyers. This will also help you to take care of any routine maintenance issues, such as clogged vents, leaky pipes, and more. While this is a normal part of selling your house, it can quickly become expensive, costing you lots of money that you didn’t intend to spend. Even just giving your home’s interior and exterior a fresh coat of paint can quickly add up to thousands of dollars. You can save big on your home repairs by doing them yourself rather than hiring someone to do them for you. Some cash buyers will also purchase your house without any repairs.
So, if you’re selling your home soon and want to keep your sale costs as low as possible, remember these tips. You can do your own marketing, reduce your closing costs, and do DIY repairs when possible. This will help your home sale to be more affordable, helping you to save money for your new house.
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