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Hidden Home Selling Costs You Shouldn't Ignore

Wednesday, February 9, 2022   /   by Flr Team

Hidden Home Selling Costs You Shouldn't Ignore

Thinking of selling your home? While you may think your home sale will be all profit, it’s easy to forget that selling a home costs money too. Here are a few hidden expenses that shouldn’t be ignored.


Home Repairs

This can add up. If you’ve put off maintenance on your home, you may have to hire a contractor or handyman to come in and make repairs to get your home ready to put on the market. It’s best not to cut corners at this time. Buyers can sometimes catch DIY repairs during the home inspection, and you may end up paying more than if you had used a good handyman the first time. If you’re not up for making the repairs yourself, a good solution would be to lower the listing price or give the buyer a credit at closing.


Landscaping

Curb appeal is what gets buyers in the door. Improving your landscaping can increase your home’s value by up to 12%! While prices may vary, a full-on landscaping job can cost over $3,000, but there are many improvements that you can make yourself.


Closing Costs

Closing costs will likely be your second biggest expense behind commission fees. Closing costs tend to be fixed including transfer tax, mortgage processing fees, escrow and notary fees. You will also pay any outstanding property taxes, a prorated share of the water and sewage bill depending when you sell, and the remainder of your mortgage. Keep in mind that you might be able to avoid a $100-$200 reissue fee for the title search if you can provide a copy of your policy.


If you’re considering selling your home, reach out to a local Real Estate professional to help you navigate through the process. 


Florida Lifestyle Realty

(321)613-5922

 
Florida Lifestyle Realty LLC
Jackie Griffin
6500 N. Atlantic Ave. Suite C
Cape Canaveral, FL 32920
321-613-5922

The information displayed on this website comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than Florida Lifestyle Realty LLC in Florida are marked with the Broker Reciprocity thumbnail. Copyright 2014 Space Coast Association of REALTORS®, Inc. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.com. October 4, 2022
Copyright 10/4/2022 6:16 AM CST New Smyrna Beach Board of REALTORS®, Inc. All rights reserved”. NSBBORMLS data is provided solely for publication on the Internet as a tool for consumers to search and view properties available for sale, which have been listed with NSBBORMLS members. “IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to consumers that may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS”
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