Updated: Wednesday, May 23, 2012
As a seller, you may not be aware that you will be required to pay for a portion of the selling process. Plan ahead and prepare for those unexpected costs. When moving out of your house, plan for moving expenses. When moving into a new home, you have to pay for things like rental trucks and storage units. The amount of these things will depend on how far away your new home is, the storage costs, and the size of your home. Don’t wait until the last minute to think about these costs. When you sell Jacksonville real estate, you will have to pay for cosmetic and any other general repairs. This can be as cheap as a few cans of paint, but can escalate quickly depending on the maintenance and age of your home. Your mortgage payoff is another expense that must be paid. Talk to your lender to straighten out all of the details. As the seller, you will be responsible for paying part of the closing costs. This includes the cost of transferring taxes and legal fees. Closing fees can range from 2 to 4 % of the home’s price, so plan ahead! Finally, Jacksonville sellers need to consider the commission to be paid to the real estate agent you listed the home with. This total typically ranges from 4 to 6 percent of the sale price. Talk to your individual agent about their commission percentage. It is advisable to speak with your tax advisor about anything that will affect your taxes. Consider all of the expenses involved with selling a Jacksonville home before you put it on the market.