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How to Properly Run the Numbers When Selling Your House in Knoxville

Budgeting the cost of selling your home means more money at the closing!
Calculating your budget before you sell means no surprises at the closing!

Are your numbers adding up? Determining the numbers that make the most sense when you’re analyzing the best way to sell your house, is essential in getting the most for your property. Clearly, the end result will tell you whether or not you’ve done your due diligence correctly. Knowing your numbers is critical when selling your house in Knoxville 

Monthly Expenses

All your expenses associated with owning a home will obviously continue while your house is on the market. Sellers often forget about the above-mentioned cost, and this can be a big mistake! These monthly outgoing expenses i.e monthly PITI mortgage payments, ongoing maintenance, and occasional repairs. Holding costs should never be overlooked when selling your house in Knoxville. 

Real estate agents understand that you need to calculate your monthly holding cost for a minimum of the average days on the market that is on the Knoxville MLS. 

East TN home buyers have cash in hand and close quickly. We understand time is money and the longer you wait the small your bottom line is going to be.

Repair Costs

If you purchased a new home within a year or two, repairs are probably a non-issue. If your home is older and proper maintenance has been deferred for whatever reason then it’s time to get in front of it and make the necessary updates and or repairs before the home inspectors show’s up at your door. Gathering costs and getting estimates takes time and money! Local home buying companies like we buy houses Knoxville can help you avoid nasty and expensive issues that a home inspector would expose during an inspection! This is just another reason you should know all of your options in addition to running the numbers when selling your house in Knoxville.

If you decide to work with an agent, your due diligence can be a lot easier with their help. Real estate agents can often recommend contractors and a handyman. They can often give advice on current trends and areas of the home that need attention. While all of this sounds good, you still need to keep in mind your holding costs. If these proposed costs are not in your budget then consider offering a discount for your buyers. Most homes that need work when listed on the Knoxville real estate market typically receive insultingly low offers.

Working with East Tennessee cash home buyers means you get an offer from a locally trusted as-is home buyer and the price we agree on is net to you at the closing.

Commissions

You must understand how much commissions and other fees will cost you when you run the numbers. Ongoing holding costs, repairs, and commissions add up fast! Is there enough “meat on the bone” when it’s all said and done to make it worth your while? There should be no surprises at closing on how much money to expect. Selling your house in Knoxville is not rocket science.

Hiring a real estate agent typically means paying a commission as part of the total sales price. And you can bet there will likely be other fees and expenses eating away at your bottom line. Your buyer’s closing cost and title fee are something you may be asked to pay for!

If you want to skip all of the red tape, commissions, and fees, call East Tennessee home buyers today. Otherwise, remember to add these figures into your numbers when considering the offer. 

Decide

Will listing your home be worth it? Maybe you’re looking for cash home buyers near me? Real-time data is most often the only way to know if the numbers make sense. You need to have all the fact’s to make a well-informed decision when selling your house in Knoxville 

Hiring a real estate agent can help boost your bottom line if your home is in good condition and you’re short on funds.

If time is of the essence, a quick google search of we buy houses Knoxville can yield a cash offer! There’s no fear of what an inspector might find or a contingency for repairs prior to closing. If this is the path you want to go down then most cash home buying companies can give you a guaranteed price & a guaranteed closing date.

Choose what’s best for you! At East Tennessee Home Buyers LLC, we will run the numbers and go through everything in detail. Our goal at East Tennessee Home Buyers LLC is to inform you of every step of the process with complete transparency. East Tennessee Home Buyers LLC our job is to make sure you feel confident in your decision when selling your house in Knoxville. Contact East Tennessee Home Buyers LLC at (865) 935-8680 today!

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