Oh, we love it when we’re asked this question—especially in this sizzling market! So sellers, grab a pen and paper, your smartphone, or just your noggin, and let’s crunch some numbers.
Take your selling price and subtract:
1. Mortgage payoff amount (Heads up! This isn’t the same as your last statement balance.)
2. Real estate commissions
3. Costs to stage and prep your home (Budget 1% of selling price.)
4. Seller concessions
5. Moving expenses (Plan for 1% of selling price.)
All said and done, seller expenses average 10% of the selling price. If that sounds high, don’t fret! In this market, home prices are up close to 20%. Ready to talk comps and listing your home? DM us.
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