We Buy Houses Washington DC – What Are The Hidden Costs of Selling A DC Home
We Buy Houses Washington and know therefore the same as with buying a home, there is an intricate process involved when it comes to selling a house. This isn’t something that you can just rush into without proper preparation. On paper, selling a house seems simple enough, after all, you aren’t the one spending the money, right? Well, things are more complicated than this. What most people don’t realize is that, while buying a home is a hefty financial investment, selling a home can also be expensive. There are many hidden costs and expenses that you will have to settle when selling your home the traditional way to ensure that the process goes as smoothly as possible.
Many home sellers, especially first-time sellers, aren’t usually aware or fail to factor in these costs when selling their homes only to end up frustrated and dissatisfied with the sale. Understanding these costs will help you better prepare for them and allow you to make more informed decisions as you get into the process. However, there is another quick and simple method to selling your house without having to incur any costs at all. This is by selling to a we buy houses Washington DC company such as us, Same Day DC Home Offers. We buy houses in and around Washington in whichever condition they are in and we will pay all costs so you don’t have to.
With that being said, what are some of these hidden costs of selling a home?
When selling a home, the goal is usually to sell as soon as possible and at the best price possible. Well, this isn’t possible if your home is in poor condition. Before putting your house on the market, you need to ensure that it is in a good enough condition to sell. This means that you have to address any and all glaring issues affecting the house. Remember, in most of the U.S. it is illegal to fail to disclose any hidden defects of the property you are selling to the buyer. What’s more, modern buyers are more knowledgeable and won’t close on a home purchase until they’ve had a professional home inspection done on the property. This inspection will reveal to the buyer all issues affecting the property even those you weren’t aware of. If your house has too many issues, they may choose not to proceed with the purchase or use this as leverage to negotiate a better deal for them.
To avoid finding yourself in a less than favorable situation, it is advisable that you have your home inspection done early in advance to identify and fix all repair issues that may come up during the buyer’s inspection. This means that besides the actual repair costs, you should also factor in home inspection fees. However, at Same Day DC Home Offers, we buy houses Washington DC ‘as-is’ which means that we make cash offers even on run-down properties.
If you aren’t in a position to carry out repairs, at the very least, you should ensure that your home is as clean as possible. This is one of the cheapest and easiest ways to attract buyers. Declutter the house and have it cleaned regularly. For this, you will probably want to hire a professional cleaning service.
Keep in mind that buyers are expecting to see a fully functional home. Even if you aren’t living at the property while it is on sale, you will need to continue paying the water, electricity, and gas bills. If these utilities are unavailable when a potential buyer is viewing the home, the buyer won’t get to see the property at its best and may develop second thoughts.
Did you know that professionally staged homes sell more than 70% faster than their non-staged counterparts and at a much higher price? Staging is one of the most important things you can do when selling a home. It is highly recommended as it presents your home in the best light and helps the buyer visualize living in the home. The power of professional home staging can’t be underestimated, however, this service also doesn’t come cheap.
Real Estate Agent‘s Fees
Selling a home is a cumbersome process and you will most likely need the help of a professional real estate agent. Your agent will work on your behalf and help you access a greater pool of buyers. They will handle the marketing of the property, arrange for showings, and negotiate prices. Obviously, you will have to pay a certain fee for these services. Typically, agent’s fees range from 4-6% of the final sale price, which is shared between your agent and the buyer’s agent.
These are the fees incurred by the buyer and seller at the closing of a real estate transaction. These include appraisal fees, discount points, loan origination fees, title searches, title insurance, deed recording fees, surveys, taxes, and credit report charges. While the buyer typically pays for most of these costs, in some cases, you might have to pay for things like appraisal inspections, attorney fees, property taxes, and mortgage discount points.
Choose A We Buy Houses Washington DC Company
As you can see, selling a house the traditional way is by no means cheap. All these costs and expenses can put a hole in your pocket and cut short your proceeds from the sale. Fortunately, by choosing to sell to a we buy houses Washington DC such as Same Day DC Home Offers, you will be able to completely eliminate these costs and put all the money earned from the sale in your pocket. What’s more, you will be able to sell your home quickly in as little as 7 days. Ours is a simple, stress-free and cost-free process. Give us a call today or fill out the form below to get started.