The average estate commission in the US is 2.26% to 3.17%. But, in Kansas, the average fluctuates between 4.54% and 6.58%. This means the actual seller gets lesser cash for house in Kansas City.
And Kansas isn’t the only case. There are several areas where real estate agents take away a huge chunk of the sale price. So, if you’re about to sell your home, it’s worth looking at these ten tips to save money!
1. Repair the Damages Yourself
It’s mandatory to repair the damages and technical issues in the property if you want to sell it for a better price. But this doesn’t mean you should spend thousands on hiring experts. Nowadays, free resource guides on DIY repairs are easily available on the internet.
2. Decide a Reasonable Price
The longer a house sits on the market, the lower the value will become. Future buyers will be skeptical of why the property isn’t being bought. So, to get the best value quickly, set a reasonable price based on the house’s condition and current market trends.
3. Sell It Yourself
Since listing agents take the biggest fee, it’s best to skip them to save more money. List the house yourself and market heavily. But before you do this, make sure you don’t have to pay any fees to the buyer’s agent (which will nullify the purpose of being FSBO).
4. Find an Online Estate Agent
Be it studying or patient counseling – it’s common to do pretty much everything online today. You will also find online estate agents. And, since the majority still relies on traditional methods, they’re ready to offer services at reduced rates!
5. Negotiate on the Commission
If you choose the traditional way, too, do not forget to bargain a little. The real estate agent will quote you the regular prices, but you can still manage to get a bit of concession if you’re diplomatic in speech.
6. Research the Documentation Costs
There’s a lot of paperwork involved in property sales, and while some documents have fixed charges, others don’t. You can negotiate or find lower-cost alternatives. So, before you begin the legal process, research the documentation fees to see where you can save.
7. Streamline the Legal Procedure
Time is money, so make sure all the legal documentation and paperwork are as streamlined as possible. You can ensure this by choosing an efficient solicitor who is willing to prepare the papers and everything else as a priority.
8. Book the Removal Service in Advance
The best way to save on removal is to shift the furniture and other house items yourself to the new house. However, sometimes, the distance is too great to do it. So, the next best option is to book the removal service in advance to avail of early-booking discounts.
9. Sweeten the Deal
If you can’t cut down the costs, try to find ways to increase the property value. One cheap way to do so is by aiding the furniture and appliances in the deal that you’re willing to part with. These added items make the house deal attractive to buyers while costing you almost nothing.
10. Market Properly
Everything has a market as long as you put it out in front of the people. So, another method to get the best value for your house is to market it properly. Run advertisements, put a For Sale sign outside, list it on online selling sites, and spread the word amongst your friends.
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