Believe it or not, selling a home can cost you money. It’s not as simple as just putting a for-sale sign in your yard. If you want to sell your home as quickly as possible, hire a real estate agent who can help you navigate the home-selling market and find motivated buyers.
You may need to invest some money into repairs and upgrades where needed. But a Realtor and home improvements aren’t the only expenses associated with selling a house. The following are three hidden home selling costs you may not have known about:
- Appraisal: You can use comps within your neighborhood to help determine the value of the house, but you’ll get a more accurate assessment of what to ask your home is appraised by a professional. Independent appraisals cost between $350 and $500.
- Survey: If you own an older home in an older neighborhood (and/or your home is in a rural area surrounded by natural elements), you’ll need to schedule a survey. A land surveyor will determine the property lines so you know exactly how large your land is and exactly what you’re selling. A land survey can cost from $250 to $1,000.
- Vacant house insurance: If you’re not living in the house, you’ll want to purchase vacant house insurance. This protects you financially if your house is vandalized. Expect to pay upwards of a few hundred a month.
There are a lot of different costs associated with selling a house. Although you may be aware of most of them, there are often hidden home selling costs.
For more home selling advice, contact us at Randy Lindsay today.