It's no secret that selling a home can be a long and drawn-out process, especially in a buyers' market. However, for those looking to sell, it's important to realize that there are many options available when it comes to home selling in Ulster County. Aside from a conventional home sale, there's always the option to sell to an investor. In fact, selling to an investor can help sellers avoid some of the surprising expenses that come along with selling a home the "traditional" way.
Maintenance/Upgrades
For starters, when selling a home conventionally, there's always a need to complete some basic maintenance and upgrades to the home. After all, today's sellers expect a home to be in good shape before they'll even think about putting an offer in. The cost of basic maintenance and upgrades can be anywhere from a few hundred to several thousand dollars, but this can also help sellers receive top-dollar offers.
Closing Costs
All sellers should be prepared to set aside at least a couple thousand dollars for closing costs; these are the expenses related to completing and finalizing the sale of the home as well as transferring everything over to the new owners. In some cases, buyers will even request the seller to cover closing costs on their end, which can add a few thousand more to the expenses.
Agent's Commission
Finally, there's always a commission that goes to the real estate agent who helped sell the home. Usually, this totals around 6%, which translates into $6,000 in commission for every $100,000. Sellers should be sure to factor this cost in when making the decision to sell a home.
By keeping these added costs in mind when looking to sell a home, it's possible to avoid last-minute surprises. From there, sellers can make the right decisions when it comes to selling their homes.
Lisa Halter
Principal Broker/Owner
Halter Associates Realty
lisa@halterassociatesrealty.com
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