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The Unexpected Costs of Selling Property
Friday, October 12, 2012
An employment offer in another city, lifestyle adjustment because of family size increase or decrease, or even the simple desire for change can be the launch into a new and exhilarating adventure. Initially, the idea seems so uncomplicated to a homeowner. However, during the preliminary visit from an experienced real estate agent for an evaluation and marketing strategy, the true costs of the venture will begin to set in. Those once hidden expenditures suddenly take center stage in the Seller’s view.
The Unexpected Cost of Preparing for Market
While an owner has been content living in his home tolerating carpet spots, the crack in the tile and a sad looking outdoor landscape, market competition has made it an absolute priority to present a home in immaculate condition. This often necessitates surprising outlays in both financial resources for materials and the hiring of professionals or, for the do-it-yourselfer, an investment of personal time and energy.
The Unexpected Cost of Living Adjustment
Living your life at-the-ready for market can be daunting. Most real estate agents respect the need for advance notice; however, a key factor in a swift sale is immediate availablity whenever a prospective buyer is ready for a viewing. Presenting the home in pristine condition will bring enormous benefit to the seller. If a home is well-staged, confident agents will place it at the top of their ‘best of the show’ list, because they know that the home will be appealing to their clients. This includes having minimal furnishings that are situated to show each room to full advantage and removing clutter or any items that create distraction. In a word, the owner should be prepared at a moment’s notice. This is not a convenient lifestyle, but the benefits are well worth it.
The Unexpected Cost of Finally Closing the Deal
Sell my house
, That initial request is now reality and the relieved homeowner may assume that every financial surprise is behind him. Unfortunately, with the offer submitted, signed and ready to go, other costs may emerge. Routine real estate commissions, title charges and ongoing mortgage interest are expected, but combined with other expenditures, some unforeseen-property taxes, home warranties and occasionally shared inspection costs-the bottom line figure will be reduced.
I’d like to sell my house
.’ Yes, it is attainable, even in the current market conditions. A homeowner can give himself a distinct advantage by preparing for the unexpected costs and meeting them head on and with confidence.