Selling a home through traditional methods can be expensive, and you need to be aware of that. The fees you’ll find in Milwaukee aren’t the same as in other states, so it’s best if you get your information from local sources. Here, we’ve gathered essential facts and fees you’ll have to pay when selling your house in Milwaukee. Keep reading!
6 Expenses You’ll Have To Cover When Selling Your House
1) Landscaping and Curb Appeal
You might not think that your home’s landscaping is a huge deal, but first impressions matter. If you want buyers to fall in love with your home, at first sight, you need to make sure that your property looks its best. This means sprucing up the yard, planting some flowers, and making sure the exterior is clean and welcoming.
The prices range from $200 up to thousands, depending on the professionals you hire and how much work is needed.
The staging process aims to make your home look amazing for potential buyers. This means decluttering, deep-cleaning, and rearranging furniture to make your rooms look more spacious and inviting. Costs range from $2,000 to $3,500.
3) Repairs and Maintenance
Before you put your house on the market, it’s a good idea to take care of any repairs and maintenance that need to be done. This could include fixing any cracks in the walls, painting, repairing appliances, and more. The cost will vary according to how much work needs to be done.
It’s also important to note that the pre-inspection will cost a few hundred bucks, and then you’ll have to cover the repair costs. These can be significant, depending on what the inspector finds.
4) The Agent’s Commission
If you use a real estate agent to help you sell your home, you’ll have to pay a commission. This is usually around 6% of the final sale price and is paid at closing.
5) Concessions To The Buyer
If you want to speed up the sale of your home, you might be willing to offer concessions to the buyer. This could include paying for their closing costs, covering some of their moving expenses, or even throwing in a car or some furniture.
Keep in mind that these concessions will come out of your pocket and can add up to a few thousand dollars.
6) Closing Expenses
Closing expenses are the costs that you and the buyer incur when the sale is finalized. This includes title fees, attorney’s fees, and recording fees. The cost is usually around $2000.
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