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Real Estate Blog

Want to Sell Your House?

How much does it cost to sell a house?

Real estate commissions and other fees can consume up to 10 percent of the sale price of a home. Here’s an overview of all of the costs sellers should prepare for:

Real estate commission

Home repairs

If you’re thinking about selling your home, it’s likely there are things you could do to enhance the appeal of your place and potentially raise its value. If you’ve been putting off sprucing up the exterior of your property, painting the inside or repairing a staircase or a leaky faucet, now’s the time to make those changes.

Also, if the buyer’s home inspector finds problems, such as a damaged roof or bad plumbing, you might have to pay to fix those issues in order to close the deal. Big repairs can set you back financially, so be prepared for them before you decide to sell, especially if you expect problems will be revealed during a home inspection.

Pre-sale home inspection

A presale home inspection is strictly optional, and it could cost around $400 or more. Some sellers make the investment because they want to find out about any structural or mechanical problems with the house before a potential buyer comes in with his or her home inspector.

Home staging

Buyers like to envision what a house could look like after they move in, so if you’re a seller, it’s worthwhile to spring for cosmetic repairs, like fresh, neutral paint and new flooring. Improving curb appeal with fresh plants or flowers can also really attract buyers without costing too much.

A Complete guide for Sellers

Here are 12 steps to take to sell your home in 2021:


  1. Hire an agent who knows the market.
  2. Set a timeline for selling your home.
  3. Get a pre-sale home inspection.
  4. Don’t waste money on needless upgrades.
  5. Get professional photos.
  6. Put your house on the market.
  7. Set a realistic price.
  8. Review and negotiate offers.
  9. Anticipate seller closing costs.
  10. Weigh the tax implications.
  11. Gather necessary paperwork to close.
  12. Consider hiring a real estate agent/broker.

Homebuying Process:

15 Steps to buying a house

STEPS

1. Make sure you're ready

2. Get your finances in order

3. Make a plan for the down payment

4. Create a wish list

5. Find the right mortgage for you

6. Get preapproved for a mortgage

7. Find a real estate agent

8. Go shopping!

9. Make an offer

10. Get a mortgage

11. Get homeowners insurance

12. Schedule a home inspection

13. Have the home appraised

14. Negotiate any repairs or credits with the seller

15. Close on your new home

Summary: First time home buyer

Loans and Programs


Here are some of the most useful first-time home buyer loans and programs that you might overlook if you rush the process. They may score you some big savings.

  1. FHA loan: The go-to loan program for buyers with weaker credit.
  2. VA loan: No down payment loans for borrowers with a military connection.
  3. USDA loan: 100% financing on rural properties.
  4. Fannie and Freddie: Conventional loans with just 3% down.
  5. State first-time home buyer program: Assistance specifically for residents.
  6. Home renovation loan: Buy a home and remodel it with one loan.
  7. Good Neighbor Next Door: Home price discounts for first responders and educators.
  8. Dollar Homes: Foreclosed homes for sale by the government.