It is common for Owasso-based home sellers to assume that real estate agents can sell their homes for them easily. They believe it takes one phone call and some basic information about their property to create a powerful Owasso MLS listing.
What these sellers don’t realize is that realtors do a lot of stressful work behind the scenes. Realtors might take care of the MLS listing and some standard advertising expenses, but the sellers have to make some investments of their own too. They could involve fixing up their properties and paying commissions to their agents. Most sellers don’t consider these expenses until they have no choice but to pay them.
Let’s look at the top 6 hidden expenses that sellers face in Owasso, OK.
1) House Cleaning Expenses
You might think you have a clean house, but it could always be cleaner if you want to sell your home. The first investment you’ll need to make is in cleaning products. You need to clean every inch of your home and make sure it looks presentable to potential buyers.
If there is a lot to clean, you could go a step further and hire a professional home cleaner in Owasso to do the work for you. They’ll apply special treatments to the carpets and wash your blinds. But even after the professional cleaner is done, you still need to keep everything looking spotless 24/7. You never know when a potential buyer might want to come and see your property within the next hour. So, it is better to clean ahead of time.
2) Staging Expenses
Your home has to be more than just clean and tidy. It also needs to be staged to perfection. Everything from the lighting to the position of the furniture goes into staging a house. It is worth making the extra effort because staged houses have a better chance of selling compared to non-staged houses. Sometimes your realtor will stage your house, especially if it’s an open house.
Otherwise, you can invest in a professional staging specialist to assist you. They might ask you to purchase some decorative items to make your home environment feel more appealing and homely. Perhaps you could purchase vases, flowers, and paintings to decorate your home. Listen to your realtor or staging specialist for advice on it.
3) Storage Expenses
One of the biggest mistakes home sellers make is keeping their personal belongings in the home that they’re trying to sell. Potential buyers do not want to see your personal belongings or family photographs. That is why you must rent a storage unit for a couple of months and put all the personal belongings from your home in it.
Once you’ve cleared everything out, your home will look more spacious and presentable. Buyers like this better because they want to imagine their own stuff in the home. Less clutter makes it easier for them to do that. If all this prep work seems like too much to take on and your thinking, “I want to sell my house fast in Owasso”, then call us today!
4) Marketing Expenses
Like mentioned before, do not depend on your real estate agent to do all the marketing for you. They will publish your MLS listing and maybe feature your properties on their broker’s website. Besides that, you will have to invest in your own marketing. That could mean hiring a professional photographer to take pictures of your home and possibly paying for social media advertising. It is up to you how much you want to spend on marketing.
5) Real Estate Agent Reimbursements
Home sellers typically assume that all real estate agents work for a fixed commission only. Unfortunately, that is not always the case. Some real estate agents want to get reimbursed for certain expenses they pay upfront, such as minor repair costs, staging expenses, and open house expenses. The initial listing agreement will let you know whether you’re responsible for reimbursement costs. Make sure you read the agreement thoroughly before you sign it. Then you will know what to expect for this expense down the road.
6) Time Expenses
Selling a home will consume a lot of your time and money. In fact, it might interfere with your ability to earn wages because you’re devoting so much time to selling your home. The more time you spend trying to sell your home, the more expenses you will incur for everything listed above.
On top of that, you still have to pay the mortgage, annual property taxes, general upkeep, and repair bills. These expenses add up fast the longer it takes for you to sell your Owasso, OK home. For this reason, you should not waste any time.
Do all these expenses seem scary to you? If so, you can do something about it now by selling your home to us for cash. We can make you a cash offer on your home the very same day we visit it. The closing process will take less than a week.
Does that sound like a good deal? Give us a call today if it does!
This website does not provide legal advice and does not create an attorney-client relationship. If you need legal advice, please contact an attorney directly.