Cost of selling
As with nearly everything about real estate transactions there are costs to selling your home. What are these costs?
Repairs - You will most likely make necessary repairs on you home prior to trying to sell. You may do these yourself or you may hire someone that will cost some money whichever way you decide to go. Remember that if you do not wish to do any necessary repairs you will need to price the home accordingly.
Sales Commission - Unless you sell the home yourself (FSBO), you will most likely have to pay an agents fee, which is usually 6% of the sale price.
Moving Expenses - If you sell up, you will most likely have to move your belongings to another home and this will cost money. You can minimize the costs by dong most of this yourself which is still an expense.
" Closing Costs -The seller is usually responsible for some of the closing costs. Some of these costs can be negotiated around and it is likely that you will pay some.
When you sell a home you will most likely buy a new home and there are costs involved in buying home also - see our Buyer's Guide to better understand the cost involved in buying a new home.
