Home sellers spend an average $15,190 on common, yet often overlooked expenses associated with placing a home on the market, including closing costs and home improvements, according to a recent analysis by Zillow.
"One of the biggest regrets sellers have is not starting the process early enough," says Jeremy Wacksman, chief marketing officer at Zillow Group. "For those planning to sell this year, take your time to research all the costs you could be responsible for and how they may affect your profit, or even budget for your next home. Partner with a great agent who can help you understand the nuances in your market—from what taxes or closing costs you should expect, to which home renovation projects can help attract the right buyer."
"Sellers need to consider these additional, often necessary costs when planning to put their home on the market," says Lucas Puente, economist at Thumbtack, which also conducted the analysis. "While it's clear these costs vary widely, often times the easiest way to ensure a home is fully prepared to be sold is to hire local, skilled professionals to help with basic home projects."
Courtesy of RISMedia; RRein Agent. For more information, please visit www.zillow.com.