The Hidden Costs of Selling a House in Arizona
If you’re interested in selling a house in Arizona, chances are you’re focused on the money you hope to make. However, you should also be considering how much you’ll need to spend.
While most people don’t think about it, there are plenty of costs associated with selling a house, such as realtor commissions, repairs, and moving costs.
At Cash For Homes Arizona, we want to help educate you on the hidden costs associated with selling a house in Arizona. We’ll share some of the most common expenses you’ll see, and some tips for potentially reducing these costs.
Costs of Selling a House in Arizona
Did you know that the home-selling process could cost as much as 10% of the final sale figure?
It’s true. The final percentage will depend on the house, what repairs might need to be done, and the process by which you pursue the sale.
Let’s take a look at some of the costs associated with selling a house:
Common Home-Selling Costs
Here are some costs you may not have considered:
Prepping Your House for Sale
Cleaning, fixing up that leaky pipe, staging … It all adds up. Sometimes, prepping your home for sale can add up to thousands of dollars.
Realtor Commissions
A realtor can provide a full-service experience when it comes to selling your house. But it won’t come cheap. In Arizona, a realtor’s fees might be as much as 5-6% of the final selling price. This is typically split between the two agents involved — the buyer’s and seller’s agents, respectively.
Buyer Incentives or Negotiations
Home offers are rarely cut-and-dry. Often, it involves a period of negotiation. For instance, rather than fixing a toilet, you might choose to slightly lower the home price. These negotiations and incentives can add up…
Moving Expenses
Don’t forget — the actual process of vacating your house and moving into another will be another cost. Of course, it will depend on how far you’re moving and how much stuff you have. You may also have to pay to stay somewhere else for a short period of overlap between the sale and the availability of your new home.
Sell Your Home for Cash Instead
One easy way to reduce the hidden costs associated with selling a house? Sell your home for cash instead!
A cash sale involves a buyer who doesn’t require mortgage financing to complete the deal. Often, they make an offer for your house in “as-is” condition — no costly repairs needed. Usually, the process can be completed without a realtor.
If you’re interested in cutting out a number of the fees discussed in this post, learn more in this post.
Conclusion
The traditional home-selling process requires time and effort — as well as a hefty amount of cash. If you’re interested in avoiding some of the fees associated with selling a house in Arizona, consider selling your home for cash.
Did any of these hidden fees surprise you?