There are costs associated with the sale of a home. For most sellers, these costs are simply deducted out of your net proceeds by your Escrow company, and the check you receive already has these amounts deducted. Your Realtor can provide you a very accurate "net sheet" to show how much you would net at various sales prices.
1. Realtor Commissions
In California, it is standard for the seller to pay the Realtor commissions for their own agent as well as the buyer's agent. Commission is one of the largest expenses associated with the sale of a home.
2. HOA Fees
If you live in an HOA community, sellers normally pay the HOA transfer fee and the HOA document fee. These fees vary, but I'd budget
Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
1. Price it a LITTLE LOW
This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house. (see chart below)
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will
There are costs associated with purchasing a house or condo in San Diego, beyond the actual purchase price of the home. Closing costs vary from city to city, but this will be a breakdown of what to expect in America's Finest City. Your lender will be able to give you a very accurate estimate of your closing costs, so ask them for a loan proposal for a property you are considering writing an offer on.
1. Home Inspection
In San Diego, you should expect to pay between $250-$500 for your home inspection, depending on the size of the home. This is money WELL SPENT, as the home inspection gives you great insight into the condition of the home and also lets you know what you may want to put on your Request for
I read an interesting article this morning about an upcoming recession in the real estate market, or rather, how experts aren't forecasting one in San Diego. Often compared to a baseball game, one expert compared the San Diego regrowth period as a "doubleheader." What he means by this is that our slow but steady growth may continue on as it has been, rather than peaking and starting to fall. As interest rates creep up, watch for a slow down in the rise of home prices, but we are not looking at a large fall in the immediate future.