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Generally speaking, selling a home tends to result in a big financial gain. Buying property is regarded as one of the most sound investments someone can make, given how reliably it increases in value over time. And, while buying a house is a stressful, costly endeavor, selling one comes with its own hidden costs.
When selling a home, from fees and commissions to home repairs to market presentation, these hidden costs tend to add up quickly. If you are selling a home with the idea of trading up to a nicer or more spacious place, it’s important to be aware of these hidden costs so they don’t end up blindsiding you.
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The first thing you’ll want to know when in the market to sell your home is what a fair asking price should be. For the best assessment, you might consider getting a professional appraiser. In addition to inspecting your home from top to bottom, that person also will examine recent sales in your area to try to give the fairest possible listing price.
Most states require a license for appraisers, and your lender is a good place to start when looking for recommendations. Prices will vary, of course, but expect it to cost anywhere from $300 to $500.
Curb appeal is incredibly important for a house on the open market. It’s the first impression to all sorts of potential buyers, and an unkempt exterior could end up driving people away — and maybe even lower the closing price.
To get your home in tip-top shape, you’ll want to make sure any of those projects you’ve been meaning to get around to start getting done — particularly cosmetic updates. In addition to external home repairs and other touch-ups, you’ll want to make sure the lawn’s in good shape. It may even help to bring in some landscapers for a few augmentations to help make the most of the space.
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As with the outside of your house, the inside also should have as much work done as is feasible for your scenario. Like external issues, problems inside the house could bring down the final asking cost. Along with any serious issues, sometimes a simple coat of paint can do wonders to brighten up a room or change the mood of an entire area of the house.
Granted, a lot of interior maintenance will end …….