Unexpected expenses when selling a house

Closing costs: These are the costs associated with transferring ownership of the property and can include things like title insurance, escrow fees, and attorney's fees.

Repairs and renovations: While you may think that your home is in perfect condition, buyers may ask for repairs to be made before closing the sale.

Staging: Some sellers may want to stage their home to make it more attractive to buyers, which can be an additional cost.

Professional photography and videography: to make your home stand out from the competition, some sellers may want to hire a professional photographer or videographer to create high-quality listing photos or videos to showcase their property.

Home Inspection: a home inspection is often a condition of sale, and the seller may need to pay for this service.

Pest Inspection: Some buyers may request pest inspection to ensure that the property is free of pests and termites.

HOA fees and property taxes: if you own a property that is part of a homeowners association (HOA), you may be responsible for paying HOA fees until the property is sold. Additionally, the seller may be responsible for paying property taxes up until the day of closing.

Agent Commission: if you're working with a real estate agent, they will typically charge a commission on the sale of the property, which is usually a percentage of the sale price.

It is important to budget for these unexpected expenses when planning to sell your home. It's also a good idea to consult with a real estate agent or attorney who can provide guidance on what you can expect when selling your property.

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