When it comes to selling your house, there are a number of complicated terms, steps, and processes which you as a homeowner must want to understand. In this article, we will give you a full rundown of how much money you will receive when you sell your house, and how exactly it is broken down.
Get a valuation
The first step to finding out how much money you will get when you sell your house is to get a valuation. A valuation is essentially an estimation of the worth of your property. Receiving a valuation is really simple, and the good news is that you just leave all of the hard work to us. There are 3 simple steps to receiving a valuation.
Firstly, you have to tell us about the property by giving us a call, or by filling in the form on our website. Secondly, we will process the property valuation with our expert team of surveyors, real estate agents, and lawyers. Finally, we will offer you a no obligation cash offer within 24 hours which means that you will have plenty of time to make your decision about the property you are selling. Our friendly team will be here throughout to support you. It really could not be simpler.
How can I optimise the money I get for my house?
If you are selling your house, likelihood is that you want to maximise the amount of money you can make. There are simple ways you can do this, such as by making your house tidy and presentable so that potential buyers can imagine themselves living in your property. First impressions count, so make sure that you declutter, maybe consider repainting your home, and tidy up the garden.
What costs might I have to pay on my home sell?
There are a number of costs which may need to be considered when you are selling your home. Firstly, your home sale price which is the price that the buyer pays. Then, there are the real estate agent commissions or fees, mortgage payoff amount, home repair or improvement costs, staging costs, seller concessions, homeownership overlap costs, and finally the closing costs.
What is my net profit?
Your net proceeds reflect the total amount of money that you will receive from selling your home after expenses including commission, repairs, inspection costs, transfer fees, mortgage balance payoff, and other assorted fees. The profit you make on your home also includes the initial purchase price of your home. Thus, to determine the profit you have made, you have to subtract the original purchase price in addition to the costs and fees previously listed from the final sale price.
We hope that this has been informative in helping you to understand how much money you will get when you sell your house. If you have any questions, please get in touch with our friendly team of advisors who are more than happy to help you out!
