Real estate agents offer a service that places property at buyers’ fingertips worldwide; however, there are costs associated with a traditional listing that home sellers often overlook. Therefore, it is always wise to take a realistic accounting of your expenses to understand how much you are genuinely profiting. These costs can vary depending on factors such as the location of your property, the condition of the house, and the services you choose to utilize. So read on as we explore five costs you need to know about when listing your house in Massachusetts and New Hampshire.
Holding Costs
When you list your house for sale in Massachusetts and New Hampshire, you’ll need to consider something called “holding costs.” Holding costs are costs associated with keeping your property on the market for an extended period of time. These costs can add up quickly if you’re not paying attention, so it’s important to understand what they are and how to manage them.
It’s important to consider these costs when pricing your house, as they will eat into the profits you make from the sale. It’s a good idea to create a budget for these costs and plan for them in advance. This will help you avoid any surprise expenses that can cut into your profits.
Additionally, you should consider how long you plan to keep your house listed. The longer it’s on the market, the more holding costs you will accumulate.
Finally, it’s important to remember that holding costs are an unavoidable part of selling a house. In addition, a real estate agent can’t provide you with a closing date. However, a direct buyer like those at Deal Edge Properties has the backing of cash and can give you the flexibility of selecting the closing date that is most convenient and providing you with a guarantee for closing on that date.
Professional Service Providers
Another source of expenses you need to know about when listing your house in Massachusetts and New Hampshire is the list of professionals you will need to hire. Working everyone into your busy schedule can be stressful, from the home inspector and appraiser to readying your house for a professional photographer for high-quality digital marketing media and a licensed drone pilot for 360-degree virtual tours.
It’s important to note that while these professionals can provide valuable assistance, their services usually come at a cost.
By making a direct sale to professional investors like those at Deal Edge Properties, you won’t need to worry about any of the expenses of the professionals involved in the transaction.
Professional Staging Expenses
There is also the cost of professional stagers, including renting storage space for your items, including furniture, and then redecorating your home with rental furniture during the listing, at your expense. These professionals can charge costly fees that you need to know about when listing your house in Massachusetts and New Hampshire. This process has proven to increase the final sales prices of homes. It has become common practice with top agents.
While professional staging can be beneficial, it’s important to consider your specific circumstances, such as your budget and the current market conditions.
Now, if you’d like to skip the listing process entirely, selling directly to a professional investor like those at Deal Edge Properties means you walk straight to the closing table for your cash, usually in a matter of a few weeks.
Commissions
Real estate commissions run around six percent of the home’s selling price when listing your house in Massachusetts and New Hampshire and will come off the profits at closing. Broker fees may also be associated with working with agents.
In addition to the real estate commissions and the real estate sales tax, sellers may also be responsible for other costs associated with selling their home. These can include closing costs, home inspections, title searches, and more. It is important to factor in these additional costs when determining the net proceeds from the sale of a home.
However, you won’t pay any commissions if you make a direct sale to a professional investor like those at Deal Edge Properties, and there are no hidden fees in our uncomplicated contracts.
Improvements
Making repairs is an expense you need to know about when listing your house in Massachusetts and New Hampshire. Should you choose not to, buyers may request a substantial deduction in your selling price to cover the costs they’ll take on to make the repairs.
While fixing up a house can be a great way to increase the value of a property and make it more attractive to buyers, it’s important to keep in mind that these repairs can add up quickly.
On the other hand, you can forget about passing the dreaded inspection with a direct sale to a direct buyer like those at Deal Edge Properties because we buy homes as-is.
Ready to learn more about how a direct sale to Deal Edge Properties may be the solution you seek? Let a direct buyer at Deal Edge Properties compare how much you’d profit from a listing to our offer, which you’ll agree is fair because we’re transparent with our numbers. Talk to a direct buyer at Deal Edge Properties who will help you understand everything you need to know when listing your house in Massachusetts and New Hampshire without obligation. At Deal Edge Properties, we stop and listen. Contact Deal Edge Properties at (978) 274-0555.