THE COSTS OF SELLING REAL ESTATE
Selling your property can incur costs such as the real estate agent's commission and legal fees for utilizing a solicitor. Keep in mind discount brokers may advertise lower fees for certain services, but the work performed and the end results typically do not meet the seller's standards. For the successful and efficient sale of your property, P.J. Morgan Real Estate suggests you take into account the following costs:
Advertising and Marketing Costs
Real estate agents will charge fees for advertising and marketing your property. This can include advertising in local newspapers, on property websites or dedicated property magazines. Advertising is necessary in order to ensure the highest possible price. Your agent should itemize advertising costs for you and have you approve an advertising schedule.
Solicitor's fees are negotiableyou should consider comparing the fees among several different solicitors. Good referrals and past experience are both valuable references in choosing your legal representative.
Financial Institution Fees
Your financial institution or bank serves as the seller of your property and a fee for their settlement services may apply and will vary among institutions.
In some cases, you may want to obtain a valuation or appraisal of your property to give to potential buyers.
Inspections and Other Miscellaneous Items
Services such as gardening, painting and landscaping may be necessary to prepare your property for sale and help it look its best for potential buyers. These additional costs are beneficial when it comes to selling your property because buyers are able to immediately appreciate the property's condition.