Unexpected expenses that can come with selling a home & the home updates that are the best return on your investment

Unexpected expenses that can come with selling a home & the home updates that are the best return on your investmentFILE - A sign announcing a home for sale is posted outside a residence, Feb. 1, 2024, in Aceworth, Ga., near Atlanta. The cost of hiring a real estate agent to buy or sell a home is poised to change along with decades-old rules that have helped determine broker commissions.

According to a recent survey from Clever Real Estate, Americans report spending nearly $55,000 on home-selling expenses -- an amount that came as a surprise to 64% of the sellers surveyed.The largest piece of the pie clearly goes toward commission costs, so to avoid high commissions, some sellers are choosing to forego a real estate agent altogether.

Sellers who did not hire an agent saved only $4,200 compared to those who did, and sellers who hired an agent made $34,000 more than those who didn’t. Repairs and upgrades are another major home-selling expense because the majority of today’s home buyers don’t want to take on costly renovations in an already expensive housing market.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Case Study: Are the Right People in the Right Seats?The newly appointed CEO of Highstreet Properties has doubts about several members of the top team she has inherited. She’s trying to drive a turnaround, the company has a complicated matrix structure, and some team members seem opposed to her strategy.
Source: HarvardBiz - 🏆 310. / 63 Read more »

Here are 5 stocks that are buys right here, right nowLet's say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here.
Source: CNBC - 🏆 12. / 72 Read more »