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SpinDistribute.com Article Directory

The following article was published in our article directory on September 2, 2013.
Learn more about SpinDistribute Article Distribution System.

Selling a Home in Denver? Here are the Top Five Hidden Costs You Need to Consider.

Article Category: Real Estate

Author Name: Priscilla OConnor

Are you under water in your Denver home? The costs associated with selling real estate in Colorado can be overwhelming and unrealistic for many homeowners who need to unload a property. Between the costs of a realtor's commission and the other fees associated with transferring a property, you may not be able to afford to sell your own home. If you're new to selling a house in the Denver area, here are some of the costs you should be prepared to meet along the way.

1. Repair Costs: When you sell a home on the market, it needs to be in an appealing state. This means clean carpets, working plumbing, and all of the other things a home buyer will find attractive. Of course, you will pay for all of this yourself as the current owner. If your home is in need of significant repair, it will be difficult for you to find the right buyer until you pay for improvements.

2. Inspection Fees: Selling a home also requires getting an inspection. While the buyer is expected to get his own inspection, it's a good idea to get your own inspection first; this can give you a heads up regarding any critical issues, and you can compare this report against any future inspections.

3. Commissions: Realtors charge a commission fee for the sale of the home. In many cases, all or most of the commissions for the buyer's and seller's agents comes out of the pocket of the seller. At the very least, you will be responsible for your own agent's commission. Each realtor charges a different percentage rate, but you will probably pay at least 5 percent of the home's sale price.

4. Closing Costs: Closing costs are fees that are separate from your realtor's commission. These fees are comprised of things like the cost of using an escrow company, and fees attached to transferring the title of the home. In many cases, a home buyer will ask you as the seller to absorb these costs. You can always negotiate who pays how much of the closing costs, but assume that you will pay at least half.

5. Time and Hassle: Selling a house in Denver also costs you precious time and energy. There is a lot of hassle involved with preparing your home to be put into MLS and sold on the market. All the while your home is up for sale, you're still required to pay the mortgage and other operating costs. You may have to take time off of work or commit your weekends to home improvements and negotiating offers.

If you sell your home to a real estate investor, you can potentially save these costs, and especially the time and hassle. A real estate investor will buy your home in "as-is" condition, and can pay you in cash and close the deal quickly. While you'll be selling the property at a substantial discount in a lot of cases, you'll have cash in hand much quicker than selling by conventional needs, avoiding extra mortgage payments and the headache of making improvements.

InvesthappyCO.com would like to offer you a free book, and more information on how we can make a cash offer on your home! Visit this page for more details.

Keywords: sell my house for cash,real estate investing,selling a house

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