We buy houses in Kirkland, Washington. If you’ve decided to sell your house on your own, you’ll realize there will be some costs involved. So, wisely, you’re now asking: “What should I budget for if I sell my house on my own in Kirkland?” The answer may surprise you. We are legitimate Kirkland WA home buyers and we can help!
It is true that home prices are rising in quite a few markets nationwide. It may also be the case that your home has appreciated considerably over the years. But, before you count your profits, you’ll need to factor in these obvious and not-so-obvious costs of selling your house.
What Should I Budget for If I Sell My House on My Own in Kirkland?
Let’s get this one out of the way, right off the bat. A lot of sellers think that in a hot market, they can sell a house themselves and thus avoid the standard commission fees. But, the truth is otherwise. Even if you sell your house on your own, you’ll still have to pay the buyer’s agent’s brokerage fees.
Most buyers aren’t interested in a house that has problems – and most houses have some kind of issues. Most of the time, most sellers have to do some repairs before they can put their house on the market. And, if the maintenance has been allowed to lapse, these repair costs can be fairly substantial. A new roof, for example, can set you back by as much as $20,000.
Curb appeal is of utmost importance: It’s what gets potential buyers to stop and then come in the door. And, landscaping is the number one improvement that most enhances curb appeal. The cost of a thorough, full-blown landscaping job performed by a professional landscaping service runs, on average, just a little over $3,000.
Staging and Photography
Many people – when asking, “What should I budget for if I sell my house on my own in Kirkland?” – often neglect to factor in this expense. But, if you don’t want your house to sit on the market for months on end, you probably shouldn’t neglect staging and professional photography.
Staging involves setting up and arranging your home so that it appears as appealing and inviting as possible. And then, to display the staging in online listings, which is where a large percentage of buyers begin their search, you will likely need some professional photos, ranging in cost from $500 to $1,000.
If you plan to move out of your current house into a new home, you can’t just shut the utilities off in the home you vacate and intend to sell. Buyers absolutely do not want to walk through a cold (or sweltering) and dark house. (Also keep in mind that if you turn off the electricity and air conditioning during the summer, you run a high risk of developing a mold problem.) So, at the least, you will need to keep the electricity on and probably the gas as well in the wintertime. If the house is one you’ve been living in, then you already know what it will cost you to keep the utilities on.
Capital Gains Taxes
And then, there are capital gains taxes. If your house has appreciated quite a bit, you may have to pay this tax (which is based on the difference between purchase and sale prices, minus the cost of documented improvements). There are, however, some pretty generous exemptions, but just bear in mind that Uncle Sam may take a cut.
We Are Homebuyers in Kirkland WA
So, if you’re wondering, “What should I budget for if I sell my house in Kirkland on my own?” you now know the answer is . . . quite a lot, actually.
If you’d rather not put up the hassle of trying to sell your Kirkland house on your own and would rather just sell it quickly for a fair price without paying any commissions or fees, Good As Sold Home Buyers offers cash for houses in Kirkland WA. We will make the process simple so you can quickly sell your house in WA and move on.