To avoid any financial surprises, you’ll want to take a closer look at the costs associated with selling a house.
Here are some typical costs sellers need to be aware of and some financial tools that can help you navigate the home selling process easily and successfully.
Selling your house doesn’t mean you’ll end up putting all of that in your pocket. The costs to sell a house could be as much as 10% of the sale price. That means if you sell your house for $300,000, you could be paying as much as $30,000 for the sale.
Here are some common costs home sellers encounter that make up that 10% of the sale price:
If you’re struggling to sell your house, there a few extra costs you can take on to sweeten the deal for the buyer.
Another important factor that can help sell your house more quickly is home staging. Staging your home is a way to make your home appealing to potential buyers. This process can cost as much as $2,400 for a 2,000 square foot home, but can greatly increase the overall value of your home.
Staging costs can depend on contract terms, photography, the size of the home and additional props that may be needed. The more expensive the home, the more expensive the staging costs.
Now that you have an understanding of the costs associated with selling your house, consider different savings products to better control your money before and after the sale. In addition to award-winning customer service, Synchrony Bank provides a variety of different savings products for its customers.
We offer high yield savings accounts that are FDIC-insured up to $250,000, per depositor for each ownership category.
Call Synchrony Bank at 1-844-345-5879 to learn how you can save on costs to sell a house and open a savings account today.
*ANNUAL PERCENTAGE YIELD (APY): All APYs are accurate as of 06/22/2018.
APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. For Money Market and High Yield Savings Accounts, the rate may change after the account is opened. For CDs, a minimum of $2,000 is required to open a CD and must be deposited in a single transaction. A penalty may be imposed for early withdrawals. After maturity, if you choose to roll over your CD, you will earn the base rate of interest in effect at that time. The APY shown for CDs and IRA CDs is for a 60-month CD with a balance of at least $25,000. Click here for all CD rates and terms offered.