Chico Home Sellers: Understand the Costs of Selling Your House

Chico Home Sellers: Understand the Costs of Selling Your House

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When Chico home sellers consider selling their house, chances are that you are mostly thinking about how much money you will make from the home sale, not how much you will spend to get the Chico home sold. However, there are a number of costs Chico home sellers incur when selling their house.

So as to not be surprised when the sale is complete, Chico home sellers need to keep the following costs in mind:

House Updates

Most Chico home sellers plan on completing a few home projects before putting the home up for sale. These updates could be as simple as repainting your bedrooms or as big as renovating your kitchen. Depending on the scope of the project, you will either be able to do it yourself or have to hire a pro to come in and do it for you.

Either way, you need to budget money for these kinds of updates.

Additionally, Chico home sellers can expect to pay expenses for items like home staging, carpet cleaning, and lawn care that are popular when getting ready to sell a house. But before you get to work on these to-dos, make sure you understand where your money will be best spent.

While it might seem intuitive, that is not always the case. Chico home sellers will be best served to make improvements in those areas that will help the home sell while also providing a return on the invested money.

Closing Costs

While the homebuyers are typically responsible for some of the line items when it comes closing time, Chico home sellers will pay the larger amount. In most situations, Chico home sellers are responsible for the commission and sales or transfer taxes. Chico home sellers should be aware that commission alone averages 6% of the sale price of the home.

Throughout the closing process there are often other small costs that are involved, such as escrow fees and title insurance. On average, sellers around the country spend $12,532 at closing, while for Chico, CA this number may vary. It is often advised that sellers plan on paying around 8-12% of the home’s sales price in closing costs, including commission. Be prepared.

The Bottom Line

Chico home sellers wants to know want to know what the bottom line is going to be. On average, 73% of sellers are still happy with the outcome of their sale. Be prepared ahead of time, and understanding what you can expect throughout the process, can play a major role in helping Chico home sellers prepare for closing. You do not want to be caught off guard if you are required to bring money to the closing table when you were expecting to make money off the sale.

Selling your Chico house is an important time. Having a clear understanding of how much the process will cost you and what projects you should complete before the house goes on the market will only help with the success of the home sale. The more prepared Chico home sellers are from the start the happier you will be at the closing.

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