Repairs and renovations Minor repairs can enhance appeal, but costly renovations should only be considered if they likely increase your selling price. Your agent will recommend what repairs or renovations offer the best return on investment for your sale. Property marketing A comprehensive marketing strategy to advertise your home may include photography, online listing, print media, signboards and social media promotion. Your preferred strategy and campaign duration will determine the total cost. Styling and staging Professional styling or staging can showcase a home or investment property’s full potential and can significantly enhance the property’s appeal and attract more competitive offers. Costs vary based on property size and furniture requirements. Agent fees Agent fees, or commission, are the fees paid to the agent when they sell your property and can come in various forms: • Flat fee: a predetermined amount paid to the agent regardless of the final sale price • Percentage: a predetermined agreed-upon percentage of the final sale price • Tiered: a structure based on the agent’s performance with an incentive to secure the highest possible final sale price Auctioneer Selling via auction requires a skilled auctioneer to cultivate an engaging atmosphere and instill a sense of urgency, prompting buyers to bid competitively. Fees vary based on the auctioneer’s expertise, property characteristics and location. Navigating the costs of selling. 8 Understanding the costs associated with selling property can help you effectively plan for the sale. Costs vary depending on the property type and may include any of the following fees.
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