Selling your home can be daunting. With so many items to check off the list, pricing your home is one of the most intimidating to-dos. Too high, and it might sit there for ages; too low, and you’ll miss out on that hard-earned cash. We spoke to Shelley and Tim Nemethy of The Nemethy Group at Davidson Realty, Inc. about the importance of pricing a home to sell and why a professional realtor should be on your team.

“Pricing your home correctly and according to what the market dictates will bring the greatest success in selling your home,” says Shelley. “Hiring an experienced and knowledgeable Realtor is important when it comes to pricing and marketing your home properly. One myth some sellers believe is their home should be listed at a certain price because their neighbor’s home sold at that price. This approach doesn’t take anything else about the home into consideration. So much more goes into pricing a home correctly, such as square footage, current updates, location, age, lot size, pool and much more. If your neighborhood is on a lake, ocean or preserve, each home will have a unique view and access.”

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Buying a new home is a huge decision – how often do you make a purchase with that many zeros?! And while our experienced real estate professionals will guide you smoothly through the home-buying process, potential buyers should go into the house hunt considering all the expenses they can be expected to cover beyond the home’s purchase price. Please note that all costs are estimations.

Closing Costs

Closing costs are very detailed and determined on an individual basis, so there’s no one-price-fits-all. Some of the fees that may be included in closing costs are the appraisal cost, title search fee, title insurance premium, closing fee and loan underwriting and origination fees. The buyer, the seller or a combination of the two may pay closing costs. The total can range from thousands to hundreds of thousands of dollars. Buyers can expect to pay an average of 2 to 5 percent of the purchase price in closing costs, with the higher range being for financed purchases. That means if you’re purchasing a home for $250,000, you can expect to pay between $5,000 and $12,500. It’s crucial to have the amount and responsibility clearly delineated in the purchase agreement – lenders must give you a document called a Closing Disclosure at least three business days before your closing date. There are a number of closing cost calculators available online, but take them with a grain of salt and consult a professional.

Appraisal Fee

These professional services will appraise the home and estimate its true market value. This service usually costs between $200 and $500.

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