It's never too early (or late) to start thinking about selling your home! You want a clear understanding of what it will cost you to sell your home. There are many costs involved with moving out: paint job? New roof? Taxes? Tax laws change every year so make sure you are up to date on these. Real estate agent fees also need to be factored in as well. There's no such thing as a free lunch and selling your home is no different. And while it's normal to love your home, it's important to keep in mind that potential buyers probably won't have any sentiment attached to it...yet.
Is Your Home Ready To Sell?
First and foremost is your home ready to sell. Unless it was a brand new build from just a couple years ago there are probably some things wrong with it that will need repairing, either before listing it for sale or before the sale closes. If there's any doubt about any major issues, it might not be a bad idea to get an early home inspection done. Normally a professional inspection is done as part of the selling process and then repairs are haggled over by the buyer and seller, but it's not totally unheard of to get a pre inspection done to calm a sellers' nerve.
Invest In A Good Real Estate Agent (And Their Commission)
To get the best price for your home, you will need to be represented by a great real estate agent. There's so much that goes into selling a home. Marketing, prepping for sale, showing, handling offers and keeping the transaction process moving smoothly along are just a few of the things your Hawaii real estate agent should be doing for you. Most importantly a great real estate agent is an outstanding communicator. Selling a home is complicated and you'll want to know the process and how to succeed at every step of the way. At the end of the selling process you'll be glad to pay your agent his or her commission.
Factor In Costs During The Sales Process
The selling process will also have its costs. From lawyers' fees to excise taxes, there is no shortage of small costs that can start to add up. A good real estate agent should be able to explain all of these costs to you beforehand. Also some of the costs you might be able to negotiate with the buyer to save you some extra money. No matter how it plays out there are going to be hidden costs and it's important you budget for them.
Moving Out Will Cost You Too
Finally, moving out of your old home and into a new one is going to cost money. You'll need to clean your old home and then buy a bunch of stuff for your new home. You might have to rent a U-Haul to help with the move and you might also have to pay a moving company or a storage company. The more you're moving and the larger your home, the more the expenses are going to rack up. Please take these into account as well.
As you can see, selling a home is a major financial transaction and one that should be led by an experienced professional. When you are ready to begin the process of selling your home, give me a call. My team of real estate professionals can advise you of local market conditions and ensure that you receive top dollar when you sell.
Cover Photo by Handiwork NYC on Unsplash