What Are the Unexpected Costs When Selling in Raleigh?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

If you’re selling your home, you’re probably expecting to make a decent chunk of change out of it. However, there are many different costs to selling, and these can add up and affect your bottom line. This is especially significant when you’re moving up into a better home. Here are some tips so that you can better prepare for a home sale.

1. Always get pre-approved for a home loan. If you’re moving up, you need to be in the position to financially afford a new home.
2. Estimate the costs of selling your home. Many sellers don’t realize what it costs just to get your home on the market. You’ll have to pay contractors, landscapers, Realtors, and more. Don’t forget property taxes, HOA fees, and inspection fees.
3. Determine the cost of acquiring a new home. You need to pay your agent and also a portion of the closing costs. Sit down with your local agent to discuss these costs in detail.
   “
   

   Many sellers don’t
   know the costs just to get
   your home on the market.

   
   ”
4. Calculate the proceeds from the sale of your existing home. These are called seller closing costs, and they’ll be a little different for everyone. This includes taxes, insurance, deed, revenue, and more.
5. Complete repairs on your existing home. Get quotes for repairs and make the most urgent ones when necessary. Keep the receipts for these repairs so that buyers can see that you were proactive with your home maintenance.
6. Getting the home ready to show for buyers can be costly. Staging, getting a professional to do a walkthrough, and professional cleaners can increase costs quickly.

If you want any more information on these topics, please don’t hesitate to reach out to me. We would be happy to discuss how you can make your move easier and more efficient.

Thanks for tuning in!

8 Steps to Follow Once Your Offer Is Accepted

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

What happens after your offer on a home is accepted? From contract to closing, this particular component is the most important in the home buying process. Many buyers overlook this crucial step in the surrounding Raleigh area, and as a result, many problems can arise.

You will most likely deposit earnest money into the seller’s escrow account. Depending on your market, due diligence might also be applicable.

1. Contact your lender as often as possible. Keep them close! Report to them whenever handing in important documents, and always ask about the next step.
2. Have your home appraised. This includes recruiting a respectable appraiser, not an online service. Make sure your home is accurately priced.
3. Have all the necessary inspections done to the home. Depending on where you live, there are different types of inspections to pursue, including those for sewer systems and termites. Consult your Realtor for their recommendations.
   “
   

   Your agent should
   fight for your best interests
   along the way.

   
   ”
4. Negotiate repairs with the seller. Your agent should fight for your best interests along the way, so you’re not overpaying for upgrades and other repairs. The agent is key throughout this entire process.
5. Schedule a repair walkthrough. Once repairs are addressed and completed, this final step assures all the work is satisfactory.
6. Conduct another final walkthrough right before closing. This assures everyone that your home is safe and ready to be purchased.
7. Celebrate once the transaction is completed. This is one of the most important steps of them all! Congratulations!

If you have any questions about this topic or anything else related to real estate, you can reach me by phone or email. I’d be happy to talk!