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The Real Estate Local Buzz JUNE 1st, 2021 Page 6
Redwood House Of Real Estate
We Are Here To Help! 1 (614) 365-1455 | (740)545-6768
Niza Rodriguez
Available 7 days at week 5:00 am to 11:00 pm Mobile Call or Text Residence Broker/Owner
Closing Costs: Should lot of interest in the home and potential for
You Agree to Pay Them? more offers to come in soon, then you can
probably safely refuse in your counteroffer.
Odds are good that in such a situation the
buyer will back down on the closing costs.
Splitting The Costs
You may want to consider splitting the
closing costs with the buyer to save you Flooring—Clean and polished hardwood
both some money and get the deal to go floors or new carpeting is a big selling point
through more smoothly. You can work the for homes on the market. Again, if you plan
Many of the closing costs on the sale of a details out in your negotiations with the on installing new flooring keep the colors
home usually fall to the buyer, who is buyer. This is often a good compromise. neutral and the materials within the price
responsible for paying a variety of fees to Remember that as the seller, you are not range of the home to maximize your
finalize the sale. In some situations, a seller required to handle the buyer’s closing costs, investment.
may offer to help with these costs or even and the choice to do so should benefit you in Kitchen Improvements—If your kitchen
cover them in full to help complete a sale. This some way. Weigh the pros and cons before is outdated and your appliances old, then you
is not always a necessary or even appropriate deciding. may want to consider investing in some
changes to this important room. A kitchen is
move, but in the right situation it can sell a Repairs to Make Before
house faster. often the major selling point of a home, and
Selling Your Home with a few cosmetic changes you can
When to Offer to Pay Closing Costs
transform its appearance. Fresh paint, new
Generally, a seller should consider offering to
cabinetry, and a modern sink and faucet can
pay the closing costs when they really need to
really make a huge difference in the appeal
get the home sold fast. Offering such an
and asking price of your home.
incentive may mean that your home sells
Bathroom Improvements
faster and more easily than had you not
offered. Bathrooms, just like kitchens, can make a big
You might also offer to pay closing costs if difference in the price of your home if they
you have a lot of equity and will make a good are outdated and shabby in appearance. New
When selling your home, the last thing you fixtures and a fresh coat of paint can really
profit off the sale. In a market when it is
want to do is invest more into it, but in most improve your home’s appeal.
harder for buyers to get loans or come up with
cases making a few repairs or renovations to Exterior
down payments, sometimes a seller who is
your home before putting it on the market Curb appeal is also an important point to
motivated and has the extra equity to handle
can really be worth the financial and time remember when preparing your home for
closing costs can make the difference between
investment. You want your home to look sale. You will want to fix any obvious
buying a home and waiting to save up even
fresh, modern, and clean, and with a little exterior damage to your home and property
more money.
work and money you can sometimes and consider adding some finishing touches
When to Let the Buyer Pay
increase the value of your home by a such as flowers.
In most cases, if the topic is not brought up in
considerable amount. Here are a few
the negotiations, you can simply allow the
improvements that can really boost your Overall, most of these improvements are
buyer to handle the closing costs and not
home’s salability. relatively inexpensive compared to the
worry about it. This is the traditional way
Fresh Coat of Paint increased value they can give your home. It is
home sales are handled, and most buyers are
Rooms with a fresh coat of paint look new always a good idea to get the advice of a
aware of it and prepared for it.
and clean. You will want to keep the colors REALTOR® before going ahead, to ensure
If the buyer does request that you pay the
neutral and light, and this is a good that you will get maximum profit from your
closing costs as part of the negotiations for the
opportunity to also make any repairs to improvement investment.
sale of the home, consider whether or not you
ceilings and walls.
really want to accept their offer. If you have a
\ It should not substitute as legal, financial, accounting, investment,
All Information is believed to be true but not guaranteed. The information contained in this newsletter is intended for general informational purposes.
medical or other professional services advice. This newsletter is not intent to solicit real estate properties currently listed for sale through a licensed real estate company.
