Several reasons may be forcing you to sell a home, but it’s likely your main objective is to get the best deal. To do so, you need to know the costs associated with 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 out 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 you do a renovation. 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 major bathroom overhaul could recoup just 50 to 60%.
2. Negotiate Smart Seller Concessions
It’s normal for sellers to pay the closing costs, including inspection and appraisal fees, legal fees, property taxes, and insurance. Closing costs can amount to 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
Do not hesitate to mention furniture, appliances, and other household items during the negotiation. Including these will add extra value to your home and could raise the asking price. A buyer may like this offer because it’ll save them some money in 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 the best way if your main goal is selling fast.
In general, selling a home is an expensive process, but with a few smart choices and some 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.