This is a collaborative post. All opinions are my own.
Selling your home should be a sure-fire way of making money. After all, when you have been paying a mortgage loan for so long, why shouldn’t you reap the rewards? However, there are many costs involved when it comes to selling up and moving on, and today; we’re going to take a look at some savvy ways to save. Read on to discover how you can reduce the cost of selling your home a potential four-figure gain!
The chances are that you will use a realtor to help you market your house and sell it as fast as possible. But don’t forget that you don’t have to use the first dealer you come across. There are a lot of choices out there these days, so make sure you are shopping around for the best deal possible. Look for the lowest fee and shortest lock-in fee possible, so that should you choose to use another agent, you will be free to withdraw your realtor.
If you are moving due to financial reasons, it makes sense that the longer you stay in your home, the more money you will waste. With this in mind, you might be better off selling fast, at a slight discount, to ensure you don’t overspend. According to Wren Realty, you often get a better deal by using local buyers, too, so that’s worth taking into consideration. Fast sales won’t always work in your favor, of course, so you’ll need to do the math first. How much of your home loan will you have to pay back over six months, over how much less you sell for, as an example.
Demand what you deserve
When agencies tempt you to become a customer, they will offer a whole range of attractive incentives to get your signature. However, bear in mind that not all of these special services will come to fruition, especially if your home sells before they come into play. There are no guarantees, but you are well within your rights to ask for a discount on unused services that were offered to you. A reputable realtor will often give you some leeway, here, as their reputation is critical to them.
Haggle with attorneys
Of course, it’s not just agents and buying companies that will cost you money – your attorneys will also want a piece of the pie. Again, it’s an area in which you should be comfortable with haggling to get a better price. Call around to your local property lawyers and ask them all for confirmation of charges, play them off against each other, and make it clear you won’t be taken for a ride.
The DIY option
Finally, it is possible – theoretically, at least – to go down the DIY route and sell your home yourself. Ultimately, you will save yourself thousands going down this path, but there are some implications. Realtors often do a lot of the legwork for you, so you will need a lot of time put aside to replace their efforts. And a little mistake when it comes to legal documents could land you in incredibly hot water.
Good luck with the big move – and we hope you manage to save a fortune!