Save Thousands On "Selling A Home" Expenses

Online, January 21, 2010 (Newswire.com) - When selling a house there are a few expenses that are unavoidable. However, you can save thousands or even tens of thousands if you plan, prepare, and knowing your options regarding how you can sell a house for sale.

Save thousands on "selling a home" expenses: If you "need to sell my house fast and can't afford fix up the house" you can avoid spending thousands maybe even tens of thousands by selling your house to a real estate investor such as www.WeBuyAllHomesCash.com. Their website says "we buy houses in any condition", "we buy houses in all areas", and we buy houses in all price ranges", "we even buy ugly houses". You can save thousands by not paying realtor sales commission, save thousands more by not having to fix up or do repairs on the house for sale. For more information on how they can buy your house for sale within 7 days for a fair price and without charging any commission or fees visit their website today.

The expenses that you can avoid paying if you sell a house to www.WeBuyAllHomesCash.com instead of selling a house using a realtor:

Realtor sales commission: If you sell a house by listing it with a realtor you have to pay sales commission to both the listing agent and the buyer's agent. Usually it is charged as a percentage of the sale. Industry standard is typically 6 percent of the sale price of the home for sale. This can add up to thousands or tens of thousands depending on the sale price of the house.

Repairs and/or cosmetic fixes to prepare the house for sale: This expense could be huge or very doable depending on the condition of the house and your financial situation. If you are going to list your house for sale with a realtor it is important to make your house look great to stand out from all of the other homes for sale in today's flooded real estate market.

Other expenses: additional mortgage payments, taxes and monthly utilities that you wouldn't have to pay if you sold the house fast and were no longer responsible for these expenses.

The primary unavoidable expenses of selling a house are:
Closing costs: When you sell a house the seller usually pays closing costs as part of completing the transaction. Included is this is: transfer taxes, legal fees, and prorated property taxes. These fees can add up to 2% to 4% of the home's sale price.

Helpful info: Some states require that you prepay property taxes. That could mean you will get a credit at the closing instead of a bill! If you prepay your homeowners insurance you could also receive a refund at closing from that! Always double check with your lender rather than assume you'll be getting these.

Payoff of Mortgage: This expense is calculated by taking the difference between your outstanding mortgage principal balance and the mortgage payments made (including any future payments you will make before the closing date). Be sure to ask your lender or look in your documents for a prepayment penalty and always confirm your calculations with your lender before closing so you don't have any surprises.

Moving expenses: These expenses could be small if you plan to move your own belongings a short distance or it can be thousands of dollars depending on your specific circumstances. Be sure to budget accordingly.

Helpful info: Find out if you can deduct all or part of your moving expenses by talking to a tax advisor or doing some research.