Buyer Activity Increases Slightly in JulyGreater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more
Understanding the Costs of Selling a Home
Dated: July 19 2020
Views: 104
If you’re planning on moving, you’re probably focused on how much your new home is going to cost. However, it’s also a good idea to understand the real costs associated with selling your current property.
In fact, there are some costs and expenses you may not have anticipated. Here are a few examples:
Home inspection. You might think you’ll only need a home inspection for a home on which you’ve made an offer. However, it might also make sense to have a home inspection completed on your current property in order to identify potential issues that might get in the way of a sale. Buyers feel more confident when considering a home that has had a recent professional inspection.
Cancellation costs. There may be extra expenses associated with cancelling internet services, newspaper subscriptions, home security systems, and even lawn care services.
Repairs. You should budget to get any maintenance issues, such as a broken door handle, dealt with before your home goes on the market.
Staging. Tasks like getting rid of clutter, arranging for the carpets to be professionally cleaned, having the hedges trimmed, and doing other things to make the property look attractive to buyers all fall under the umbrella of “staging”. You can do much of this work yourself, or hire a professional.
Moving. It’s a good idea to budget for the costs of moving. Even if you’re using a friend’s truck and planning to do most of the packing and hauling yourself, there may still be costs such as packaging materials, gas, and perhaps even pizza for your crew.
At the end of the day, these costs may turn out to be negligible when compared to the value of your property. As your real estate professional, I can help you understand all the costs and help make the selling process go smoothly.
Ross Macdonald
"Adding Real Value to Our Neighbourhood” is our Groups motto. It is the Mission of our Team to create an unparalleled client experience resulting in a stress free buying and selling transition. Ro....
Latest Blog Posts
First-time buyers relying on gifted down payments more than everMortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing
Condo rents in Toronto region dip for first time in 3 years: UrbanationA new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years.The
Bond yields fall to 2-year lows, more rate cuts to followBond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds.This surge in demand drove
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested