Wednesday, August 9, 2017

7 Unexpected Costs Of Selling Your Home

While initially, the main goal of selling your home is to make money, you will quickly realize that it's going to also cost you some money as well. It's a fact that it will cost some money, but that doesn't mean it has to take you by surprise. As the best real estate agents in Colorado Springs, we have put together a list of the items that may take you by surprise to help you make your plans and get prepared.

Interior Painting

When selling your home, if you've chosen bold or bright colors that may be more of a personal preference, you may need to repaint. If that's the case, you'll have to budget for repainting your home. If you plan on doing it yourself, you only have to budget for the cost of the paint, but if you will hire someone, you'll have to budget for their labor as well.

Transfer Tax

A transfer tax is the imposed tax for transfering a title. While not all states have this tax, you'll want to know if yours does so you can plan on budgeting the money for it. Colorado does have a transfer tax, but it is relatively low compared to other states. Make sure you talk to your Colorado Springs real estate agent about this.

Lawn Care

Your landscaping is the first thing that your potential buyers will see at your home, and if the first impression is unkempt, or downright disarray - you'll want to make some changes. Whether you need to hire a company to come in and clean everything up, or invest in some tools to do it yourself, this could be an unexpected cost of selling your home.

Title Insurance

Every state has different rules about the title insurance, but the most popular option is that the seller pays for it. This protects you and the mortgage company, so it's a valuable thing to have - but can be unexpected when you're first researching whether you should sell your home. Sometimes this cost can be negotiated with your buyers, but it's better to prepare for it than be surprised by it.

Utilities

When selling your home, it is generally important to keep the utilities running. Even if you have already moved out of the home, and you're living elsewhere - you may want to keep them on. If you do keep the utilities on, you'll have to budget for the electric, gas, water, and sewage costs (if applicable) so that you aren't surprised by them after the fact.

Selling a Home in Colorado Springs

There are many details involved when selling your home, and if you've never done it before, it can seem overwhelming. In fact, even if you have sold your home before, rules and laws could have changed in the mean time, which can make it complicated as well. Trust The MacGuire Team to help you sell your home, create a budget for selling, and look for unexpected costs! You can also visit our website to learn more about our selling process, and how we can save you money with our comprehensive Listing Enhancement Services provide you with: Professional Home Staging Consultation, Cleaning Service prior to going on the market, Handyman Service, Storage Unit Rental.

Mike MacGuire
Colorado Springs Real Estate Agent
The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919

719-536-4324 or 719-660-6793
Mike@BuyWithMike.com



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