Selling a home is not as simple as it may seem to someone who has never owned a house before. There is a selling process, which can be long and complex depending on the specific house. There are laws you have to abide by, and fees that will need to be paid.
In this post, we will discuss the common fees you need to pay, answering the common question many homeowners have: “When I sell my house, what fees do I have to pay?”
Luckily, this process can be understood with a little assistance. This is where real estate agents and agencies shine!
Property Taxes and Insurance
Until the date you transfer ownership of your home to its buyer, you need to pay property taxes and insurance on your home. These are two fees known as closing costs that are common to homeowners when selling their house. You will need to pay them before you can transfer the title deed.
Home Inspection Fees
Before a buyer is interested in purchasing your home and making the payment, he or she will want you to have your home inspected. Home inspection is a very prudent fee to pay for Langley townhouses.
This fee ensures that no issues with the home are present when the house is sold, and it provides potential buyers with more confidence starting the purchase process.
Real Estate Agent/Agency Commission
You can avoid this fee by not retaining a real estate agent or agency. However, agents and agencies are worth several times their commission. They bring expert knowledge, advice, and ability when it comes to selling your home.
Depending on your negotiations with them, they may take anywhere from 4-10% or more of your house’s sales price for their services. This percentage will depend on many factors, but it is negotiable.
Legal Fees for Commissioning a Lawyer
Many homeowners choose to retain a real estate lawyer before going and selling their Langley townhouses. Sometimes, homeowners retain lawyers who are either partnered with, or a part, of a real estate agency commissioned to sell their home. Having a lawyer on commission will ensure that the contract between you and your buyer is legally sound. Expect to pay a commission of a few percent or billable hours for their help.
Various Negotiated Fees Regarding Langley Townhouses
These fees are optional, but can still be common to homeowners selling their homes. These are fees that are not necessary, like advertising fees, requested renovations from the buyer prior to the move-in date, a home warranty, etc. These fees will depend on the advice provided to you by the agent or agency you commission, and your buyer.
HomeLife White Rock has years of experience selling homes in the White Rock, South Surrey, and Langley area. If you want to sell your Langley townhouse, or you want to look at some Langley townhouses, contact us today. We can help simplify the process for you, including the fees you will need to pay when closing the sale on your home.