Most people who want to sell their home will start looking for an agent before anything else. Hiring an agent can be a great idea, but it’s not the only way to sell. With a little information, you could sell your home yourself, saving you time and money. In our most recent article, we present the fees generally encountered by sellers on the traditional market. This will help you determine whether hiring an agent is the right thing to do in your situation!
Costs before advertising
Before you think about advertising your home for sale on the traditional market, take a look at the properties that are already advertised. Take a look at how much the owners of comparable homes are asking and, more importantly, at how much comparable homes are selling for. How does your home compare? Will people choose your house if they can also take the one next door? Try to put yourself in the buyer’s shoes. Of course he wants to get the most for his money. As a result, you’ll probably need to make a few repairs, touch-ups and even upgrades to make your home competitive on the market. Homes that are advertised for a long time are no longer as attractive to buyers. If your property doesn’t sell, people might think there’s something wrong. That’s why it’s important that you advertise your home only when it’s ready to wow potential buyers and demonstrate that it’s being advertised at a price that offers good value for money.
Agent-related costs
An agent does not work for free. Many agents work extremely hard and deserve every penny you give them. That said, be careful: some agents aren’t very hard-working. Every deal is different, but as a rule of thumb, you should give them around 6% of the sales price in commission. You’ll have to pay this amount to your agent, even if you’re selling your home yourself to someone you know. What’s more, some agents add administrative, advertising, promotional, photography and other fees to these commissions. Before signing with an agent, make sure you understand the terms and conditions of the contract, since no two agents operate in the same way.
The costs of closing a deal
At closing, in addition to paying your agent, you’ll have to pay closing costs. We generally speak of an expense of around 2% of the sale price. Closing costs include appraisal fees, taxes, deed, title search and credit checks. If you sell directly to the Vendre Maison Vite team, you won’t have to worry about any fees.
Time is running out
In a way, when you advertise a house for sale, you’re taking a gamble. There’s no guarantee of how much you’ll get, or when you’ll close. These uncertainties can make it difficult to plan what comes next. What’s more, while a home is being advertised for sale, its owner must continue to pay the monthly costs associated with the property, such as insurance, taxes and electricity bills. An agent can list your home at the price you want, but he can’t necessarily find a buyer who will offer you that amount. If you sell directly to the [comapny] team, you’ll know exactly how much money you’ll receive and when you’ll close before you’ve even signed anything. Our mission is to make selling homes as easy and straightforward as possible.
