Selling your home in the Blue Springs market either for sale by owner or with a real estate agent involves spending money out of pocket upfront to get it ready and settling up the remainder of the bill at the closing table. Adding up the numbers of a listing can be incredibly eye-opening; however, many homeowners fail to account for all the expenses that will eventually trickle their way into the transaction, like small streams coming together into a surprisingly fast-running river of costs.
Watching your profits being swept away by the costs of selling can be extremely disheartening. To help you put together a realistic picture of what lies ahead, we will discuss how to estimate the costs when selling your house in Blue Springs.
For example, one of the highest costs when selling your house in Blue Springs is the commissions paid to real estate agents. This can vary by market, typically we see commissions between 5% and 8%. In an attempt to save that commission some homeowners opt for doing all the marketing and paperwork on their own and often find themselves knee-deep in complicated paperwork, unexpected expenses, and even in legal hot water over disclosure laws.
So if you are going to navigate for sale by owner, be sure to either work with a professional home buyer or consult with an expert to make sure you have all your bases covered.
Updates and Repairs
Prepping your home for showings high on the list of costs when selling your house in Blue Springs, often homeowners spend sleepless nights concerned about significant repairs they’re aware the home needs before listing and what other issues may lurk behind the walls or under the floor. Most Realtors will advise sellers to refresh worn flooring and outdated decor with an update throughout the home.
At the minimum, sellers should repair any damage visible to buyers during showings, such as water damage on walls or ceilings – but only after fixing what was causing the damage and disclosing it on the seller’s disclosure.
If you want to skip all of that, you can sell the home “as-is” to a professional home buyer and it here at kcmoHomeBuyer, the Tuckers just became “Mom’s House Certified Buyers” that specializes in “as-is”. We’ve specialized in “As-Is” for years, we just added a certification to make it official.
Making your home feel inviting with a fresh coat of paint and some strategic landscaping and lighting are all part of the costs when selling your house in Blue Springs. To help bring the importance of this expense into focus, if you photograph your home from the street view and compare it to a house on the cover of a real estate magazine, you’ll understand all too quickly if your home has any curb appeal.
Don’t want to do a ton of updates? Well at least trim the bushes, mow the lawn, clean up the leaves, sweep off the porch, power wash the house if needed, and wash the windows . . . all things you can do yourself for free over a couple of weekends.
When estimating the costs when selling your house in Blue Springs, add staging. To create a blank canvas upon which buyers can easily paint themselves into the scenery, sellers often enlist the services of a professional stager. Based on human psychology, top real estate agents understand that staging listings have proven to be well worth the trouble, given the potential to increase the final sales price.
Don’t skip on marketing costs when selling your house in Blue Springs. So naturally, all of the monthly bills will keep pouring in; you may also have the added financial burden of a second residence if forced by circumstance to move before the sale. If your new home isn’t a convenient drive away, you may have the added cost of hiring a caretaker to watch over the home you have for sale.
Inspections and Appraisals
Hiring professional inspectors and appraisers is not a necessary cost when selling your house in Blue Springs. The sellers consult with a Realtor on what to list their home for. Then when they find a buyer, the buyer will order and pay for an inspection, then that buyer will come to you as a seller with that inspection and either ask you to make repairs or adjust your price down to compensate for items they will fix themselves. After that is all sorted out, then the buyer’s lender will order an appraisal and the buyer will pay for it out of their closing fees, but then you have to worry that the appraisal will come in high enough so the buyer can get their loan.
When problems arise after an inspection, if your buyers don’t walk away, you may find yourself absorbing the costs when selling your house in Blue Springs. Often, sellers offer credit to the buyers towards the repairs to save the deal or complete the repairs before the closing. And sometimes the buyer asks the seller to pay all or part of their “closing costs” usually between $3,000 and $5,000 as a concession. We are not seeing that so much right now in this super hot market, but as the market cools we will start to see it again.
The closing process adds to the costs when selling your house in Blue Springs along with title insurance, tax prorations, sellers also have to pay a bunch of other fees: Home Owner Association Dues, Document Prep Fees, Document Signing Fees, Filing Fees, Wire Fees, Overnight Fees. Plus if there is any debt on the property such as mortgages, loans, or liens, those must be paid off, and the releases recorded, incurring even more fees.
With kcmoHomeBuyer, there is smooth sailing; selling your house in Blue Springs directly to kcmoHomeBuyer eliminates commissions, inspections, repairs, and all the stress. At kcmoHomeBuyer, save time and money with our full-service team, a guaranteed closing date, and cash for your home as-is, making the process quick and easy. Call kcmoHomeBuyer at (816) 408-3600 or send us a message to learn more.
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We didn’t have to finish cleaning out the house, we didn’t have to make any repairs, and no more going to mow the yard.
We got a letter from Kim about Dad’s house a few months ago after one of our garage sales. Her son Scott called us back, asked a few questions, looked at our house, and made an offer. My brothers had been trying to fix it up to sell for almost a year . . . that was not going well. We took Scott’s offer, he made the process very easy and convenient, we could even sign things via email. We didn’t have to finish cleaning out the house, we didn’t have to make any repairs, and no more going to mow the yard.
I highly recommend giving Kim or Scott a call, you will be glad you did.