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What Does It Cost To Sell a House?

Did you know that around a million U.S households change residences yearly? Regardless of why you intend to move, the process of selling your home is going to be a lot of work.

Between packing, cleaning, and coordinating moving dates, there is a lot to take care of. Not only that but figuring out how to budget for moving costs can be quite tricky as well.

Below, we have provided a brief guide detailing one of the fundamental questions people typically have when selling a house: “what does it cost to sell a house?”

Professional Cleaning

When hiring a professional cleaning company to clean your home before selling, expect to pay an average of $200 to $400. Larger homes may require additional cleaning services at an additional cost.

Most professional cleaning companies will offer a free estimate to give you an idea of what services you may need and what it costs to sell a house.

Be sure to ask about any discounts or promotions that may be available to help save on the cost of professional cleaning services.

Home Repairs And Improvements

If you’re selling your home, you’ll want to factor in the cost of any repairs or improvements that need to be made before listing the property.

Depending on the condition of your home, this could range from a fresh coat of paint to more extensive work, like fixing foundational issues.

Any necessary repairs or improvements will add to the overall cost of selling your home, but they’re often worth it in order to get top dollar from buyers.

Capital Gains Tax

This tax is based on the difference between the selling price and the original purchase price. If you have owned the property for less than a year, you will be taxed at the short-term capital gains rate, which is the same as your marginal tax rate.

If you have owned the property for more than a year, you will be taxed at the long-term capital gains rate, which is lower than the marginal tax rate.

The long-term capital gains rate is currently 15%, but it could change in the future. There are some deductions and exemptions that can lower your capital gains tax.

Get in touch with Realty Masters & Associates for professional consultation in selling your home.

Know What Does It Cost to Sell a House Now

The next time you’ll ask what does it cost to sell a house, it’s no secret that it will indeed cost you money.

From the repairs and renovations needed to get your home ready for sale, to the real estate agent’s commission, to the closing costs associated with the sale, there are a lot of costs involved in selling a house.

But, at the end of the day, the most important thing is to get your home sold for the right price.

With the help of an experienced real estate agent, you can make sure that your house is priced correctly and that all of the costs associated with selling your house are taken care of.

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