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What are the Costs Involved with Selling?

By Relocation.com Staff

When you sell your home -- or when you're thinking about selling your home -- it's not just a matter of how much you can get from a potential buyer.

There are a lot of costs to bear in mind; this obviously affects your profit and should bear careful consideration.

Repairs - You will most likely make necessary repairs on your home prior to trying to sell it to get it up to snuff. You may do these yourself or you may hire someone, but it will cost some money whichever way you decide to go. Do some research on projects that can help the appearance of your house without costing you a bundle.

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 sales price.

Moving Expenses - When you sell, you will have to move your belongings to another home, and this will cost money. You can minimize the costs by doing most of this yourself.

Closing Costs - The seller is usually responsible for some of the closing costs. Some of these costs can be negotiated around but it is likely that you will pay some.

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