Determine if you can afford to sell | Costs of selling a home in The Woodlands
Did you know that Texas has the highest closing costs in the United States? At over $3,000 on average it’s no small expense. While this expense is typically absorbed by the buyer, it’s not uncommon for the seller to foot the bill as part of selling negotiations. This is only one of the several expenses you could incur while selling your home.
No matter why you are selling your home in The Woodlands, you want to keep the negative impact on your finances to the minimum. If you plan to sell your home in the near future, there are a few ways you can save a little extra money to help cover the expenses of the sale.
Pick the right time of year- One of the bigger costs of selling a home in The Woodlands is the potential for loss off of the listing price. When you are selling your home for just over what you paid for it, anything less than your asking price can feel like a major hit.
One way to reduce the risk of keeping your home on the market for too long, and risk losing money on offers, is to list your home at marketable times of the year. While homes are sold all year long, families are more likely to move during the summer. Consider starting your listing in late winter or early spring to get early access to summer movers. If you wait until late summer or fall to list, you’ll likely have to reduce your price to make a sale.
Set the right asking price-To reduce the risk of a major deduction later, make sure you set a fair price to begin with. If you set your asking price too high, it’s going to be very difficult to sell. This means your home could sit on the market longer, making your home look undesirable. Having to reduce your asking price could affect buyer opinion, so save yourself time and money by being realistic with your original asking price.
Small investments make a huge payoff – Staging your home for a sale is one of the most important things you can do that doesn’t cost a lot of money. Simply rearranging your furniture, adding neutral coat of paint and removing a lot of personal items can raise the appeal of your home.
Additionally, investing a little extra money to fix up your yard, repair cracks in the sidewalk or freshen up paint on the shed can really go a long way towards getting the most for your home. When a buyer walks into your home, you don’t want them subtracting dollars for repairs and improvements. By all means, don’t invest thousands of dollars in upgrades, but don’t be afraid to invest a few hundred dollars and a bit of elbow grease to make your home more sellable.
Use a Realtor – This may seem counter intuitive when you are trying to save money. However, if you have no experience in selling a home, doing it yourself can be much more expensive and time-consuming in the long run. An experienced realtor knows the legal issues, financial requirements and market conditions. This knowledge and experience alone can save you hours of time and hundreds of dollars.
Selling your own home may look cheaper on paper. After all, if you do sell your home in The Woodlands yourself you don’t have to worry about a commission or other fees. However, if you don’t know what you are doing, you could be out thousands of dollars in a low-ball offer, on top of paperwork and legwork you’ll need to do. For most people, the savings isn’t worth the extra hassle. Selling a home in The Woodlands will go much faster and smoother when you have someone on your side to help you set a fair market price, arrange open houses, handle offers and handle advertisement.
The costs of selling a home in The Woodlands may seem overwhelming, but taking a few steps to ensure that your home is ready for sale will help the process. Investing this time improving a few spaces and utilizing a professional realtor can save you money and time.
When you determine if you can afford to sell, call The Rock Star Group at 281-960-1900 to find out more about how we can help you save money on your home sale in Woodlands, Texas. Selling a home can be overwhelming in many ways. In addition to leaving a house you fell in love with, neighbors and friends, you have to navigate packing, cleaning and finding a new home. Let us help you make this part of the process easier.