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Understanding The Costs of Selling Real Estate in Charleston

The Costs of SellingDo you know about the costs of selling your house in the Charleston area? Learn what to expect before putting your house on the MLS, selling on your own, or working with a direct buyer. You might be surprised at how the costs of selling can eat away at your profits! 

Selling your house can be expensive. There are a number of things to pay for both before and after the sale. If these costs are particularly high, a direct sale will be a far better choice. In our latest post, we will dive into the costs of selling your Charleston house using the three most popular methods. Compare all of your options before selling your house in Charleston!

Costs Of Listing

Agent Costs

This will vary based on the agent you choose to hire. You will typically be paying about 6% of the final sale price to the agents involved in the deal. With some agents, you will also face costs for marketing and administrative services. Be sure you know what’s included before signing a listing agreement.

Marketing Costs

Whether or not your agent includes marketing services in their rate, there are a few marketing costs you consider adding. For example, many sellers will hire a professional photographer to take pictures of their home. Some will utilize videographers or even drone service companies to get aerial shots of the property. You might also want to upgrade your online listings to “premium” so they show up at the top when people are browsing through houses in your area.

Repair Costs

Most houses will require at least a few repairs before going on the MLS. Once a buyer has been found, there will likely be negotiations as to who makes the repairs found during the inspection. You can negotiate to either make some of these repairs or discount the sale price of the home.

Cleaning And Staging Costs

Most sellers will have their homes professionally cleaned before putting it on the market. Many will remove personal belongings and clutter, storing all unnecessary things elsewhere. Some will even hire a professional stager to come in to make the house look as if it came out of the pages of a magazine.

Closing Costs

In a typical home sale, the seller will need to pay about 2% of the final sale price in closing costs. This can be negotiated up or down between the buyer and seller, but 2% is typically what you can expect to pay.

Continued Ownership Costs

Listing your house with a Charleston real estate agent can take a few months. During this time, you will still be responsible for the property taxes, utility bills, homeowners insurance, maintenance, landscaping, and possibly a mortgage. When you add up all the expenses of owning the house each month, it can amount to thousands of dollars!

Costs of An FSBO (For Sale By Owner) Listing

While trying to sell your house on your own will help you avoid commissions and agent costs, there are other costs to consider. In addition to many of the costs above, here are some additional costs to expect when selling your house in the Charleston area.

Heightened Marketing Costs

When listing your house, the addition of extra marking is at your discretion. However, when you are selling on your own, 100% of the marketing is up to you. You will have to pay for all online listings, printed materials, signage, and open house costs. You will likely want a professional photographer to come in to help you present the house in the best light. You can also opt to add things such as virtual tours or videos of your property.

House Preparation Costs

Getting a house ready for a sale can take a lot of work. As with a listing, there are a number of things that will need to be done before the house is advertised for sale. You will need to thoroughly clean the house from top to bottom. You should make any needed repairs, and be prepared to make more after the inspection process. Many sellers will also face storage fees for their unnecessary items, as well as the cost of a professional stager or decorator.

The Price Of Your Time

When you choose to sell the property on your own via an FSBO listing, you will find yourself spending an excessive amount of time dealing with the sale. You will need to be available for showings, create listings and marketing materials, respond to questions, process paperwork, handle negotiations and more.

Costs of Selling Directly

None

When you opt to sell your Charleston house to a buyer such as South Carolina Homes, you will be able to avoid all of the selling costs mentioned above. There are no fees, repair costs, or even closing costs. We buy directly, as-is, potentially saving you thousands of dollars along the way.

Do you want to avoid the costs of selling real estate in the traditional way? We are here to help! Contact us today to learn more! (843) 881-7171

The post Understanding The Costs of Selling Real Estate in Charleston appeared first on We Buy Charleston SC Houses.

What Happens When You Inherit a House?

What Happens When You Inherit a House? If you’ve inherited an estate house or you are taking a house through probate court in Charleston County, Berkeley County or Dorchester County, SC, we want to buy your house fast with cash. So, if you’re wondering what happens when you inherit a house, we can help guide you. Call … Continued

The post What Happens When You Inherit a House? appeared first on Charleston SC House Buyers.

Some home improvements are better than others when it comes to improving things in your home before your sell your house. See the home improvements that pay off!

Ever wondered what home improvements pays off on house remodels? Sure you have. And so has your potential client. This infographic below has information on what sort of remodels are the best to pursue.

Home Improvements that Pay Off
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Have a House to Sell in Charleston, SC?

Do have a house to sell, but can’t afford the new roof, update appliances or any other major repairs that will make it sell-able? Charleston Property Solutions can help!

We buy houses, land and mobile homes in any condition and location throughout the Charleston South Carolina area. We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to do any home improvements… we buy houses as is and we’re ready to buy right now!

Get Your Fair Cash Offer!

 

The post The Best Home Improvements that Pay Off When Your Sell appeared first on We Buy Charleston Houses.

How To Buy A House Without A Real Estate Agent in Charleston

Did you know that you can easily buy a house without a real estate agent in Charleston? There are a few strategies to buying on your own. Learn more about how easy it can be in our latest post!

Charleston real estate agents can help you in many ways, however, it is not always necessary to hire one when you are buying a home. By avoiding agents, you and the seller will be able to save time and money. Sometimes a straightforward approach, without any middlemen is the way to go!

Go To The Source

The fastest and easiest way to buy a house without a real estate agent in Charleston, is to work with a professional such as South Carolina Homes. Like many of you, we are real estate investors looking for the best deals available. In turn, we resell the properties we buy at tremendous savings to both investors and direct buyers looking for a home of their own. We spend an extensive amount of time researching the properties we buy and only offer the best to our buyers. We have done all the homework on these properties so you don’t have to.

The DIY Method

It isn’t necessary to hire an agent to help you buy a house in Charleston. If you choose to look for properties on your own, here are a few tips to help you.

Learn As Much As You Can About The Market

Before signing n the dotted line, learn all you can about your local market. Take a look at what properties are actually selling for, how long they are listed before selling, and the types of people buying in the area. You should also research planned future development in the area so you know what to expect down the road.

Learn How To Create An Accurate CMA Report

A CMA report, or a Comparative Market Analysis, it typically performed by an agent. However, using the recent sales data for your neighborhood, you can create one too.

Work On Your Negotiation Skills

You will need to be a shrewd negotiator in order to get a great deal on a house without hiring a real estate agent. Keep all your research data handy and set limits for yourself. Don’t budge on what you will and will not pay.

Look Both On And Off The MLS

While you might find the occasional deal on the MLS, these are often scooped up quickly by professional investors. Some of the best deals out there will be off the MLS. Knowing how to find them is the tricky part. Do some networking and talk to other investors in your area. They will often be able to provide tips on where to look and possibly let you in on the deals they pass up. Joining professional real estate groups is a great way to get your foot in the door.

What To Watch Out For

Shotty Repair Work

Sometimes people will do anything to sell a house, and that means covering up major problems with shotty repair work. Make sure all repairs are up to code and that the proper permits were pulled.

False Promises of A Turnkey Property

What is considered turnkey to one person, may not mean the same thing to someone else. Don’t rely on someone simply saying a property is turn key, then finding out the house actually needs a new roof.

Deals That Are Too Good To Be True

If it is too good to be true, it probably is. Do your homework, and if a property is priced low… find out why.

Problems With The Title

A cloudy title can be a huge problem for property buyers. You don’t want to buy a house and find out months down the road that someone else is making an ownership claim to the property. Save yourself the time and hassle by working with a great title company in the Charleston area.

Are you ready to buy a Charleston house? We can help! Send us a message or give us a call today! (843) 881-7171

The post How To Buy A House Without A Real Estate Agent in Charleston appeared first on We Buy Charleston SC Houses.

How To Find An Investor To Buy Your Home

How to Find Investors to Buy Your Home Important Tips on How to Find Investors to Buy Your Home Certainly, selling a home may not be the most enjoyable activity you can think of, but if you need to sell your house, it’s better to sell your house fast rather than wait months or years, … Continued

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