Costs you are likely to incur when selling a house
Selling a house without a realtor can be exciting. You may pocket a lot of money. However, the cost of selling a home will eat into your profits. The money you spend on selling a house will depend on how you go about it. Here are some expenses you are likely to pay when selling a house. Closing costs Homebuyers will pay closing costs between 2% and 5% of the sales price of the house. However, home sellers can pay a closing fee as well. You need to pay a fee for any money going into an escrow and the fee is usually split between the seller and the buyer. Apart from the escrow fee, you may pay a pro-rated amount of your house taxes. Most mortgage loans require the seller to pay a closing fee for the buyer. Sometimes when you sell your home without a realtor you may not agree to this so you may pick a portion of closing costs for the home buyer to be able to afford your home. Staging costs You will need to spend a substantial amount of money to hire a staging co...