Staging your home can help
“Staging and decluttering the home is key as staged homes sell quicker and for more money,” shares Heidi Thorn of Prism Properties and Development. “Cleaning the house, painting the walls a neutral color, and removing all personal items is beneficial because potential buyers want to picture themselves in the home.” Don’t forget to clean out the closets or following these other home staging tips.
That big commission check doesn’t go straight into my pocket
While it’s no secret that real estate agents make a decent profit when a house sells, their commission checks aren’t full profit. Commissions are split between the buying and selling agent, as well with the brokerage. Agents also pay their own expenses, such as advertising, signage, lockboxes, membership, and MLS fees. If you’re buying a house, these are the 13 things you can expect to pay for before closing.
It might make more sense for you to rent
Even if you qualify to buy a home, it might not be the best financial move for you. On paper, you might have the buying power for a home, but your monthly budget might not be able to handle a mortgage payment, property taxes, and the typical fees that come with owning a home. Renting might also be better if you aren’t ready to plant your roots. “When you’re young, buying a house can tie you down to a location before you’re ready,” writes Zina Kumok on Money Under 30.