Transaction Expenses = $ ______________
Commonly referred to as “closing costs,” these expenses may account for 2-3% of the total amount of the loan. In a high-cost region like California or New York, closing costs may be much higher and can account for roughly 5-6%.
Cosmetic Fix-Up = $ __________________
Most houses need some cosmetic design fix-up, whether it is a new carpet, paint, or yard work. If the owner wants to sell for top dollar, the house needs to be in excellent, move-in-ready condition. When buyers view the property, they are mentally assessing what they will need to change or update.
Properties that are in move-in-ready condition sell faster and for a higher price than properties that have not made any renovations or changes. In today’s market, a FOR SALE sign is no longer enough to sell your house.
Writing a Sales Contract
The owner may opt to get a real estate lawyer to write it or purchase a premade one online. It can cost anywhere from 200 to 700 dollars.
Advertising the Property
Advertising costs can vary widely. Advertising materials such as FOR SALE signs, brochures, pictures, or classified advertisements can become costly ($50-$2,000 on average).