You’ve heard that now is a great time to sell your house, and you’ve been wanting to move for a while. So, you decide it’s time to list your home. Even though selling your own home can get you a lot of money, there are still expenditures you must pay. You may have realtor fees. And then there are closing costs that you will have to pay. How can you get the most out of your sale? You should make smart upgrades, negotiate your closing costs, strategically time the closing date, and negotiate your real estate agent’s fee. So, let’s look at some of the ways you can save bundles of cash when selling your own home.
1. Make smart upgrades
Not all home upgrades had financial value. In fact, if you are thinking about making upgrades, you may want to check with a Houston house buyer first. They will let you know if you will be able to get more for your house with the upgrade. According to Remodeling Magazine, the increase in a home’s resale value would not increase much after remodeling a kitchen. Especially if it is remodeled right before you sell the home. However, new paint, new landscaping, and hardwood floors have been shown to sufficiently increase a home’s resale value. So, don’t throw your money at just any home project.
2. Negotiate your closing costs
Another way to save cash is by negotiating your closing costs. Buyers typically expect sellers to pay some of the closing costs. For example, as a seller, you will probably be expected to pay for some expenses such as attorney fees, discount points, inspection and appraisal fees, property tax and title insurance, and recording costs. To offset these costs you can ask for a higher selling price, or you can work directly with a professional who can buy your house for cash on the spot.
3. Strategically time the closing date
Having to pay for two houses at once is one of the worst things you can do for your wallet! That is why you should try your best to line up your closing date with your move-in date. Your house buyer will help you find the best date for both parties. You do not want to be responsible for paying for two insurances, two property taxes, and two utility bills!
4. Negotiate your real estate agent’s fees
The average real estate agent’s commission is about 6%. That is a considerable chunk of your profit. You can make your real estate agent more likely to accept your offer if your home is in good shape to sell, but what if it’s not? Working with an experienced house buyer will save you real-estate agent’s commissions putting more money in your pocket.