Several reasons may force you to sell a home, but you’ll likely want the best deal. To do so, you need to know the costs of selling a house, such as escrow fees, insurance, appraisal fees, inspection fees, and closing costs. The total sum of these costs could be a five-figure number that takes a big chunk of your profit. While some of these costs are inevitable, some you can avoid. Read on if you want to sell your house fast in Lawrenceville, GA, and avoid some fees when doing so.
1. Smart & Efficient Upgrades
A house should be in good condition before it’s put on the market. But you don’t need to go overboard with repairs and upgrades. Think about the return on investment (ROI) before renovating. Only do what will give you the most bang for your buck; this way, your house is more appealing to potential buyers, but you’re not severely in the red. For instance, a minor kitchen remodel will recoup almost 80% of the total cost, while a significant bathroom overhaul could recoup just 50 to 60%.
2. Negotiate Smart Seller Concessions
It’s normal for sellers to pay closing costs, including inspection and appraisal fees, legal fees, property taxes, and insurance. Closing costs can be 5 to 6% of the total sale price. Instead of paying all the closing costs, reduce the price in exchange for the buyer picking up some of the costs. This way, it’s a win-win for both of you.
3. Include Furniture & Appliances In The Deal
During the negotiation, do not hesitate to mention furniture, appliances, and other household items. Including these will add extra value to your home and could raise the asking price. A buyer may like this offer because it will save them money on moving expenses.
4. Negotiate The Realtor’s Commission
Realtor commission is typically 6% of the total sale price, which is a significant amount of money. Instead of accepting the standard commission, try to negotiate with your realtor. Many are open to working for a lower commission, especially if your home is in a good location and has a good market value.
5. Sell The House For Cash
A cash sale will help you avoid most of the costs associated with selling a home. There are no appraisal or inspection fees, and you will not have to pay for any repairs or upgrades. You will also avoid paying a realtor commission. Selling your home for cash is best if your main goal is selling fast.
In general, selling a home is expensive, but with a few smart choices and careful planning, you can avoid or reduce many of the costs involved.
If you’re looking to sell a house fast, consider selling it to cash home buyers in Lawrenceville, GA. You’ll enjoy a hassle-free, quick, and safe way to sell a house in 2022.
We are Diamond Equity Investments, and we buy houses in Lawrenceville, GA, as is and for cash. Reach out to our team to learn more about our process.
