True Price To Sell a House by My property Stores

MUMBAI, India - July 8, 2013 - PRLog -- Most homeowners don't understand the true cost involved with selling a house.To determine the true cost to sell your home you need to include the Agents percentage, maintenance, settlement expenses,and offer lower price.

Agents percentage or Realtors commission. when you list your residential property with an agent, you immediately have to mark up the price to cover the 6% or more commission they make.

Maintenance or repairs. Another overlooked cost is the price you have to pay for all of the repairs and updates to get it ready for listing. Repairs are not only costly, they can take time to complete.

Settlement expenses or closing costs. When you close on a house, you will have all of the fees associated with closing. You have to go through the realtor’s title company and pay fees, and then the mortgage company has fees and any other miscellaneous fees incurred while closing. The closing costs are usually another 3 to 5% of your home sale price.

Besides apparent costs to offer your home, there are invisible costs too. Having costs is the cash that you pay while the home is being marketed. It may take 6 to 12 months before you find a customer. And when you do get a purchase contract, you often have to hold out another 20, 40 or even 70 days before you can close and get your money!

Do the following mathematical to determine how much cash promoting your house with a agent is going to price you:

• Start with the asking price of your house.

• On average, the sale price is 4% lower, so subtract 4%.

• Now, take the sale price and subtract 7% of the price for the realtor’s commission.

• Deduct another 3% for closing costs.

•  Finally, subtract 4% for the cost of repairs.

How much is left? Not as much as you thought? It’s a chance to examine into some other choices if you want to offer your home!

Visit us at:
Property Stores Pvt.Ltd
Mobile : 8097029398/ 022 - 41241163 /64/65/91
Email ID : info@mypropertystores.com
Website : http://www.mypropertystores.com