As an example related to the above, let's say the house was bought for $200,000 and sold for $300,000, and it took 5 years for this transaction. To actually buy the house, the legal fees, land transfer taxes, mortgage contract and real estate fees amounted to $1000, $3000, $500 and $5000 respectively. The total set up costs would be $9500 so far, which would be subtracted from the money you made, because it actually costs you $200,000 PLUS $9500 to physically buy the house.
Step 4 - Ask the agent to send you listings that meet your needs, you agree to pre-drive before viewing (state that this is your trade off to get 1/2 the commission). After seeing a Knoxville home for sale of interest, call the agent to view.
However, today, this information is available easily online. Buyers can even look at the history of the listings to obtain information about the purchase of the property and how long it has been listed on the market. They can even compare properties to gain an idea of the approximate value of knoxville homes for sale with pool in the local market. In this scenario, one might question the very need to even have a realty agent.
Hint: Always make sure that your lender allows rebates, gifts, etc. before doing business with them. Some are so restrictive that they don't allow rebates even though they may be knoxville homes for sale by owner allowed in your state.
Ask the seller for the "Seller's Disclosure" notice. Some form of Knoxville home for sale such notice is required by state law in most states. If the seller does not have such a notice, ask them to provide you with one. When completed in all candor, these notices generally reveal any latent defects and past repairs to serious problems with the property in addition to other helpful information about the property.
Choosing the right website for selling your home isn't going to be an easy decision. However, by using these factors, you can make an informed decision. These three factors will help you put your money in the right place and will help you to make the most of your home sale budget. After all, you are going for sale by owner route to save money. If you end up spending it all on listing your home, you should have just hired a realtor and saved some time. These tips will help you narrow the many choices down so that you can effectively list your home while saving money.