If you are trying to sell your own house without an agent's help, then you are probably doing your homework and intensive research about what expenses you might face. That is very wise to think ahead of the possibilities. Here are the 4 costs of selling your house yourself in Chicago. Great post to read, How Much Does It Cost To Sell A House? Upgrades and Repairs
This is one of the biggest costs associated with selling your house by yourself. Many homeowners want to sell their house as-is, but sometimes buyers won't buy as-is houses. So in order for a house to sell quickly, homeowners need to fix whatever needs fixing. Sellers are forced to put a lot of time and money into repairing their house just to a buyer will even consider buying it. You need to take care of some basic upgrades such as boosting the home's curb appeal, repairing the crack int he ceiling or a fresh coat of paint. Marketing This is a cost that most real estate agents will cover and sometimes you will pay it through their commissions. But since you want to sell your house by yourself, which means you have to pay for the marketing cost yourself. You need to talk to people in your local PTA, ask a close friend to spread the word, or you may even tell your relatives that you want to sell yourself and maybe they can help. Also, in our modern era, the internet has changed the way that houses were bought and sold. Sellers use the internet to market your house because promoting your home's unique qualities online is a great way to attract more buyers. Fees There are other fees that aren't associated with a real estate that you may have to pay such as attorney fees, title fees, closing fees, etc. If your neighborhood has a house owner association, you may expect to pay a prorated share of your annual or monthly HOA fees. You may also be charged a local transfer tax of 2% of your sale price to transfer your home's title. These fees aren't usually very expensive but you should be aware of them so you can budget your money and they can't surprise you. Time One of the biggest costs of selling your house yourself in Chicago is time. If you're selling your house by yourself, you will need to make your repairs, market the house, show the house, negotiate with buyers, and complete the paperwork. All of that takes time and all that time could have financial cost if you have to take time off of work. Make sure you factor it into your consideration. Summary Selling your house in Chicago by yourself lets you save money on commissions and fees while remaining in control of the process. However, there still costs so make sure you're aware of them.
0 Comments
Leave a Reply. |