How to Sell Your Home Quickly in Prescott
There’s a lot that goes into selling a house. From repair costs to realtor commissions, a typical sale adds up. It’s important to know the full cost of selling a home in order to make a smart decision about how to proceed.Learn More Here
One of the biggest expenses is a transfer tax, which covers the transfer of property ownership from seller to buyer. In Arizona, the standard rate is 0.25% of the sale price. Other common expenses include real estate agent commissions, which average about 6% of the sale price, as well as repairs and closing costs.
Expert Tips for a Quick Home Sale in Prescott, Arizona
If you want to avoid some of these fees, you can try to negotiate with buyers or with your real estate agent. You can also save money by selling your home as-is, meaning you skip the staging and repairs that are typically required for a quick sale.
You’ll also need to have a strong network of contacts to help with the process. This may include lenders, title companies and escrow agents. You’ll likely need to hire a real estate attorney as well.
Finally, you’ll need to prepare all the necessary paperwork for closing. This includes a purchase and sales agreement, plus any addendums. You’ll also need a copy of the deed and a closing statement that lists all the expenses associated with the sale, including who pays what. Once everything is finalized, you’ll sign all the documents and hand over the keys to the new owners.…