Selling your Texas house is one of the most important financial decisions you’re going to make. Your house may be one of your greatest assets, and it’s probably worth six figures or more – so it’s important to approach home selling with a strategic focus and the prioritization it deserves.
Obviously, you’ll want to sell your house for the highest price possible. Doing so puts you at the favorable end of the financial transaction and gives you more money to put toward your next real estate purchase.
But in the course of selling a house, you’ll also be responsible for a variety of other costs, including agent commissions, repair costs, and more. How can you save money when selling your house?
Before we talk about actual strategies to save you money when selling a house, it’s important to take a moment to adopt the proper perspective. Selling a home is a massive financial decision, and even in a modest situation, you might walk away with $100,000 or more. In the context of a transaction like this, $20 isn’t that big of a deal.
Collectively, these strategies can save you hundreds, or even thousands of dollars. But even this higher level of savings is relatively small in the grand scheme of things. Keep this in mind and try not to sweat the small stuff during your home sale journey; it’s much more financially prudent to prioritize the home sale price itself and other bigger items.
One of the most important things you can do is work with a real estate agent you trust. Your real estate agent is going to be responsible for working in your best interests, which means selling your home for the highest possible price and minimizing your expenses in the meantime.
Agent commissions are generally worth it; because your agent can sell your home faster and for a higher overall price, it’s usually not worth trying to save money by cutting an agent out of the equation entirely. That said, some agents are better at their jobs than others, so when hiring an agent, look at key stats like:
When you do decide to work with an agent, consider negotiating the commission. You may or may not have much wiggle room here, but it’s always worth asking. If you can get the commission down even slightly, it could really pay off.
Some of the biggest expenses you’ll incur as a home seller include repairs you make before the transaction is finalized. Repairing and improving your home can help it sell faster and for a higher price, but it can also be expensive.
Accordingly, you’ll need to choose upgrades and repairs wisely.
You might be able to save some costs associated with selling by doing the work yourself, though it’s sometimes wiser to hire a professional. Gauge your own skills and experience, then move forward as you see fit.
Too many concessions can cripple you as a seller, but if you want your house to move relatively quickly, you should be willing to make at least some concessions. Think strategically to try and maximize your position without losing a potential deal in the process. For example, don’t be too eager to cover closing costs for the buyer; if you do decide to cover closing costs, consider asking for an increased home purchase price as compensation.
While moving costs aren’t technically associated with selling the house, most home sellers end up moving immediately after selling.
These are some ways that you can save money on your upcoming move:
Selling a house in Texas doesn’t have to be complicated or stressful. With the help of knowledgeable, competent Texas real estate agents, you can sell your home faster, for more money, and with greater peace of mind.
If you’re currently looking for a real estate agent, you’re in the right place – you can contact us for a free consultation today!
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