Selling your house in Mooresville? Make sure you run the numbers so you know exactly what to expect! A traditional sale can cost a fortune whereas a direct sale won’t usually cost you anything. In this blog, we discuss the costs and timeframe you can expect when selling your house in Mooresville!
Many people will sign a listing agreement without even actually reading it with a [maret_city] real estate agent, giving barely a thought to the process that is going to take place next.
Before signing an agreement or deciding how you want to sell your house in Mooresville, you should have an idea of the timeframe before you actually get a check, and the costs involved that will be subtracted from your check. You should also consider more than one method of selling, and decide which will be best for your unique and specific situation. Keep reading to learn more about running the numbers for selling your house in Mooresville.
The biggest problem with repair costs is that one often leads to another in snowball-like fashion- a soft spot on the floor means it needs to be replaced, but once you pry it up, you may find that it was because of mold, which then has to be treated. Not only that, but wherever else the mold has spread to, as some strains of black mold can be deadly. Now, you can’t find mold without finding a water leak, so it’s time to search for that. A leaking pipe that seems like a quick fix, may actually be the source of major water damage to the home. Many homeowners find that once they fix one thing, several more repairs will follow. When putting your house on the MLS in Mooresville, want it to look as good as possible. This means making and noticeable repairs and preparing to be faced with more after the inspection. I don’t think I’ve ever rehabbed and sold a house, no matter how nice I made it, without the Seller getting an Inspection Report and wanting multiple picky, unimportant, but expensive things done. Most sellers will pay for an inspection on their own before listing so they know exactly what they are getting into. I have learned to dread the day this report comes back, and even having had my own inspection done is never proof against them finding something, however small.
Costs of Preparing the House to Sell
A lot can go into getting your house ready to list in the MLS in Mooresville. Many agents or home-stagers recommend depersonalizing the house so that your potential buyers can picture it as your own, so you might consider removing personal belongings and storing them somewhere else. You might want to stage the house, adding in some pieces here and there to make the house look professionally decorated. You may even go so far as to bring in an actual designer to make the house look as warm and welcoming as possible. No matter how great your house currently is, you will likely find yourself doing some work to make it even better.
If you decide to list your house with a real estate agent in Mooresville, make sure you know which types of marketing will be used to sell your home. Some agents all full-service, pulling out all the bells and whistles, while others will simply put your house on the MLS, hoping for a buyer to come along (I find that this is the what happens in the vast majority of listings). Otherwise, you might not get enough exposure, or find yourself paying for premium listings, professional photography, and other marketing materials.
Do you know how much it costs to own your home? Not only are you likely paying a mortgage each month, but you should also add in utility bills, repairs costs, and the usual maintenance expenses. Ask any real estate investor and they will tell you that the longer you own a house, the more it is costing you. To end your holding costs right away, consider a direct sale of your house in Mooresville. Selling in days, not months, has the potential to save you thousands of dollars that you would have otherwise spent on the home.
Agent Commissions and Fees
Your agent’s commission will be somewhere around 6% of your final sale price. So let’s say your house sells for $250k. You will immediately be out about $15k plus any other fees or reimbursements due to your agent. When you include this hefty amount with all the other costs and fees you will likely face, you may find that a direct sale will be a better way for you to sell. This is a good source for info on real estate commissions in NC.
Closing costs for a property seller will usually run anywhere from 1-3% of the final sale price. So again, if your house sells for $250k, you will likely be spending another $2,500-$7,500 once you reach the closing table. With a direct sale to Property Solutions, LLC, you won’t have to worry about the closing costs. We will handle everything so you can sell your house fast and move on. You will know exactly what you’re getting well before closing, no surprises!
When deciding whether to list your house with a Mooresville real estate agent or sell it on your own, it’s important to have a realistic grasp on what everything is really going to cost you. Don’t just rely on your estimated final sale price to tell you which way to sell. You must factor in all of the costs you will face too. Putting your house on the MLS can be expensive. However, for some houses, it makes the most sense. For other properties, a direct sale will ultimately help the seller keep more money in their pocket while saving time and energy. It’s important to look at your property and your situation to determine which selling method will be the best for you!