CategoriesUncategorized

Understanding the Costs of Selling a Home

If you’re planning on moving, you’re probably focused on how much your new home is going to cost. However, it’s also a good idea to understand the real costs associated with selling your current property.

In fact, there are some costs and expenses you may not have anticipated. Here are a few examples:

Home inspection. You might think you’ll only need a home inspection for a home on which you’ve made an offer. However, it might also make sense to have a home inspection completed on your current property in order to identify potential issues that might get in the way of a sale. Buyers feel more confident when considering a home that has had a recent professional inspection.

Cancellation costs. There may be extra expenses associated with cancelling internet services, newspaper subscriptions, home security systems, and even lawn care services.

Repairs. You should budget to get any maintenance issues, such as a broken door handle, dealt with before your home goes on the market.

Staging. Tasks like getting rid of clutter, arranging for the carpets to be professionally cleaned, having the hedges trimmed, and doing other things to make the property look attractive to buyers all fall under the umbrella of “staging”. You can do much of this work yourself, or hire a professional.

Moving. It’s a good idea to budget for the costs of moving. Even if you’re using a friend’s truck and planning to do most of the packing and hauling yourself, there may still be costs such as packaging materials, gas, and perhaps even pizza for your crew.

At the end of the day, these costs may turn out to be negligible when compared to the value of your property. As your real estate professional, I can help you understand all the costs and help make the selling process go smoothly.

CategoriesCompany insights, Uncategorized

Can You Afford the Home You Want?

Can you afford to purchase the home you really want? Here are some things to consider:

• What kind of home do you want? What kind of area do you want to live in? What features and characteristics do you need in a home? (Three bedrooms? A large living room for entertaining? A backyard big enough for a garden?)

• What homes currently on the market match that criteria? Are there some properties for sale that are close to what you’re looking for? What are their listing prices? How much, realistically, will it cost to buy one of those homes?

• How much, realistically, can you expect to get for the sale of your current property?

• How much of a mortgage will you need? How does that compare to the mortgage you qualify for?

• What additional costs will you incur when selling your current property and purchasing your new home? (For example, moving, home inspection, repairs and renovations, closing costs, etc.)

Chances are, there’s a home on the market that you can afford – and is right for you.