If you have decided to sell your property, then you might be thinking, “What should I budget for if I sell my house on my own in Baltimore?”
Property Solutions Group real estate experts want homeowners to know the obvious and not-so-obvious expenses of selling their house.
Commission Charges
Many people thought they don’t have to pay the commission fees if they sell the house themselves. But the reality is quite different from this. You still have to pay the buyer’s agent’s brokerage charges as the process goes through.
Repair Costs
Most people looking for their dream homes will not be impressed with damaged property. Therefore, owners need to make the repairs on the inside and outside of the structure. You might even have to pay extra if a contractor is employed to fix the issues found out in the house inspection. And if the property has been ignored for a long time, these repair and maintenance costs can be high.
Front & Backyard Landscaping
The outside of the house can attract potential buyers to come in and tour the property. Landscaping can increase curb appeal. Curb appeal is essential to get buyers to stop and then come in the door. However, the cost of a professional landscaping service can be around or above $3,000.
Staging & Photography
Staging and photography costs are often ignored while budgeting to sell the house. Several people check house listings online before visiting your property. Therefore, putting shabby and poorly clicked pictures can make the potential buyer scroll through your entry. If you are thinking, ‘I want to sell my house for cashand that too quickly!’ Then don’t neglect staging and professional photography.
Staging is arranging the home in a way to make it look more appealing. The next step would be to capture this visual and display it in online listings, where many buyers begin their search. Professional photos might cost between $500- $1,000.
Utility Bills
If you are presently in the process to move out and shift into a new home, before selling then include utility costs in the budget too. You can’t let people see the house without electricity! Too much humidity can even cause molding and odor issues in the house. Shutting off water, gas, and electricity is not an option.
Taxes
If your house has appreciated then you may have to pay the capital gains taxes. It is evaluated based on the difference between purchase and sale prices, minus the cost of documented improvements. There are options to request for some exemptions, but you have to include that in the budget.
Selling a house is a chore in itself! And if you are in a financially difficult situation making expensive repairs and landscaping won’t cut.
But we have good news for you! PSG can take the property off your hands no matter what your situation is, or the state of the house. We may even buy the house from you right away, or decide the closing date based on your convenience. Our professionals can make you a no-obligation cash offer and you can judge if this is best for you.
As a verified house buyer in MD, PSG can give an instant cash offer with
· No repairs needed
· No commission fees or extra charges
· No staging or landscaping needed
· No closing costs
Fill the form and tell us about the property. Our team will get back to you within 24 hours and answer all your other questions regarding the selling process.
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