Thursday, February 10, 2022 / by Steve Ticknor
You want to sell your home. So you hire a Lake Havasu REALTOR® who knows the market well. Then, you sit back and wait to reap a massive profit from your home sale. That is all there is to selling a home today, right? Wrong. Before you start counting your money, remember that you are responsible for a few home selling expenses. And they will definitely take a bite out of your profit.
Home Selling Expenses
You lead a busy life. Sometimes, it is easy to be lax with the care of your home. However, when it comes time to sell, you need your property to look its best to fetch top dollar. These home selling expenses are not the time to pinch your pennies. DIY may work for smaller tasks. But if your Havasu home needs larger repairs, call in a professional. A simple home inspection performed on the buyer's behalf during escrow easily reveals any shoddy workmanship. It could also mean the buyer coming back and asking for a discount or demanding that these "repairs" get properl. ...
Thursday, March 25, 2021 / by Steve Ticknor
Congratulations on finding the home of your dreams. The seller even accepted your offer. Way to go! You made it past the first hurdle. Now...you enter escrow. Here is where we talk money. The downpayment is only one expense buyers pay. (If you need it, downpayment assistance is available for some Lake Havasu home buyers, by the way.) Buyers must also pay closing costs. But what are they, how much should you expect to pay, and does the seller have to pay any of them?
What are They?
Closing costs are the fees that buyers and sellers pay to various third parties in order to facilitate the sale of a property. These typically run between 2% and 7% of the purchase price. In Arizona, they run on the lower end. According to Finder.com, ClosingCorp puts them at 1.21% to 1.82% of a home's purchase price. For a $300,000 Lake Havasu home, this means roughly $6000. And that is in addition to your downpayment. Sometimes, even in a seller's market, the seller may offer to help pay so. ...