OK, so you decided to make the move! Maybe you’re upsizing, downsizing, moving away to a vacation spot- wherever you’re going, you want to know what it’s going to cost to get your home sold. Now there’s a lot of items that go into that question, so we’re going to break it down for you.
Professional Services Fees
First, it’s going to be professional service fees. These are fees for your real estate professional- our team that’s going to help you properly prepare your property, market your home, negotiate all the offers that come in, get you through home inspections, all the way from contract to closing. There will also also be an attorney fee. Attorneys are going to help draft a purchase and sales agreement, represent you against the buyer’s attorney, deal with any title issues, any town issues, handle your mortgage payoffs, represent you at the closing, those kinds of things.
Mortgage Payoff
There will also be a mortgage payoff. Any balance you owe on your mortgage has to be paid at closing, so that fee will be there as well. There will be a tax stamp owed to the state of Massachusetts; that is currently $4.56 per thousand. They’re actually trying to increase that 50%, so if that upsets you, you’ll want to call your legislator today make sure that they know you don’t want that rate to go up.
Town Fees
Additionally, there are going to be fees to the town. You’re going to owe your final real estate taxes, your final water bill. You’ll owe the fire department a small fee to come out to test your smoke detectors and carbon monoxide detectors to make sure they’re in compliance and safe.
Home Preparation Costs
There will be home preparation costs, like staging and conditioning. You might have to make some minor repairs to your home, like conditional updates to make it appeal to buyers. You also might want to stage the home, which is very important to receive top dollar these days. Also, once we get a buyer in place and you have a home inspection, something major could come up that could be detrimental to the sale. The buyer might want to walk away and you might need to make a repair; that repair cost could come up as well.
Moving Costs
Finally, once we’ve closed on your home and it’s time to move, of course you’re going to have to pay a moving company to ship your goods from point A to point B, so factor in that cost as well.
Hopefully this helps, if we can help you with a home move, we’re happy to do so. Call us or email us anytime at 978-494-0346!
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