Common Home Selling Mistakes You Should Know and Avoid
If you have decided to sell your home in Weymouth, MA, then you should be careful about selling it in right way without any hassle. Messing the selling procedure can severely affect your financial goals. Ensure to safeguard yourself by not performing these common home selling errors. Also, contact a best real estate agent in Weymouth, MA for guidance and assistance throughout the selling process. #1 Mistake: Not estimating the home selling expenses: Most sellers have an opinion that they would not have to spend anything as they are going to sell the house. It is a wrong idea. There are several expenses
you should be prepared of. If you are not prepared, the expenses may shock you.
Agent commissions: The sellers has to pay commissions for the agent and associated listing expenses. You may have to pay about 6% of your property value to cover the commission for the real estate agent in Weymouth, MA. It is recommended to ask the agent about his/her commission before partnering. The commission rate differ from one agent to another. If you exactly know their charges, you can be prepared
to pay their bills once you sale the house. Staging expenses: The staging expenses mainly depends upon several factors like where you are residing, home size, number of rooms you want to stage, various pay structures covering monthly fee and initial consultation. The home staging may cost around approximately $300 to $2000. This is just a rough estimate. Seller concessions: While requesting for discounts, the buyers would negotiate for a lowest price according to the house market. At times, they would be willing to pay the full amount and ask for concessions. It may cover a preparation where you throw things such as dryer and washer or pay the closing expenses that would be 4 to 5% of the house’s price. Moving expenses: As you are selling the house, you have to include the moving expenses too. The moving expenses would vary between $500 and $1000. If you are not entering into your own house after selling, then you have to be prepared for the storage and rental fees. Your next house: No matter, you are increasing or decreasing the size of your house, ensure to have some cash in hand for the finding a new
house for rent or lease according to your budget. If you are purchasing a new house by taking a loan, you have to allocate not more than 25% of your income for the mortgage. This way, you can be financially safe and also purchase a house again. #2 Mistake: Selling the house by yourself: If you have decided not to use a real estate agent, then you have to be double cautious. You may think that you can save the agent commission by handling the procedure on own but remember, the selling transaction and the procedure is challenging. You should know how to deal with buyers and also manage the documentation tasks on own. If you are very confident, you can take this responsibility on your shoulders.