Are There Costs Involved in Selling?
Unfortunately, the answer is yes. Even if you think your home is perfect, you may have to do some minor repairs or upgrades to make your home more attractive to potential purchasers.
- A professional home inspection may be a condition of the offer. If the inspection points to problems, your purchaser may ask that you make the necessary repairs or choose not to close the deal.
- Closing costs, such as lawyers’ fees or unpaid taxes, will also have to be paid.
- Mortgage discharge fees may be levied by your lending institution.
- Sales commissions must be paid as defined by your listing agreement.
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