How Much Does It Cost To Sell A House?

Customary seller closing cost in mid Florida counties, are a minimum 6.5% of the sale price. 

When it comes to closing a residence; it is not always one size fits all. A great way for a seller to increase their yield on a sale is by offering the buyer a purchase money mortgage. A more complicated transction eg. seller financing. The closing costs will relect the attorney fees and cost related to the prepartation of the lien agreement and recording.

Note to self: A Realtor and Title Company will help you fill an immediate need, however, an attorney or tax accountant can give you a deeper insight into managing personal real estae goals. The more education that you have the better your decisions.

Let my wealth of information work toward your financial health. 

Florida is a disclosure state. Your property has normal wear and tear for the year your property was built. The state does not require a homeowner to bring a property built in 1928 to current building codes. 

The buyer's lender's insurance company will have the most at stake when it comes to the property's condition. In order for the buyer to get the most favorable insurance premium. The insurance company will want to see a clean 4 point inspection. The four points being roof, electrical, plumbing, and foundation. 

If any of these are lacking, the buyer will have to pay more for his insurance coverage and that may tip the scales on wheather the buyer is able to move forward. 

The seller is expected to disclose what they know about the property's condistion. This way the buyer can formulate a price knowing what resources need to be directed toward repairs.

Almost all buyer's will have an inspection contingency where they can verify the property's condition with an ASHI certified professional. 

A seller can only disclose what they know. If the inspection reveals a latent defect, it is not uncommon to enter into a second round of negotioation in order to address the issures. 

Traditionaly, commission for Realtors on residential property in a stable market is 6%; 3 percent for the buyer's agent and 3 percent for the seller's agent. However, real estate commisssions fluctuate based on market conditions.

In a strong seller's market commissions are lower as the listing agent incurs less marketing costs and that saving is past along to the consumer. 

In a buyer's market commisions can include a bonus. 

Let my wealth of information work toward you wealth.

Yes. I know that sounds self serving but take a moment to consider that even an accomplished swimmer like Micheal Phelps needs a coach. I have 40 years of experience and that gives you the advantage with 

Negotiation, not just with price.

Market your property with the power of the Multiple Listing System which feeds other sites like Realtor(dot)com, Zillow, and Trulia.

I will only put your home in front of qualified buyers.

Buyers feel more comfortable discussing their objections with a Realtor rather than directly with the home owner.

Prepare the proper paperwork and serve as a witness between the parties in the event of a disagreement.

Once there is an executed purchase agreement, the Realtor’s real worth has just begun. There is a full range of events, from buyer’s remorse to failed contingencies, that can lead to a canceled agreement and place the property back on the market. A Realtor with 40 years of experience can guild the parties to a successful conclusion, while the seller has their hands full with logistics of a move. 

Real Estate transactions are complicated and your home is your most valuable asset. This is not the time to be penny wise and pound foolish. 

First question that I would have for you is, was your mom a smoker? 

Bad smells, like cigarettes and pet odor kill purchase price. It is important to improve the air quality. Some carpet cleaning services have deodorizing additives. Remove the furnishings as they retain odor. 

Other things that offer a 100% return of investment are:

A fresh coat of paint leaves a crisp and clean look, and don’t skip the baseboards. 

Landscaping, so jazz up the curb appeal, trim palms and shrubs. Be sure that the lawn is cut, edged, and weeds removed. 

If the exterior paint is not visibly worn at least paint the front door. 

Buyers are particularly poor guessers as to how much a repair costs. And will over estimate the cost by 2 to 4 times what the actual repair is. So any dry rot or repair items should be addressed. Ideally repair the item  If that is not possible because of time or expense have a written estimate of the repair by a licensed contractor available for the buyer to review. Don’t let them guess. 

Please speak to a CPA about any tax implications.