4. Learning to plan your budget and deal with money.
You might not even know this, but before selling your home you will first need to spend some of your money. The matter is that when the owner is selling his property he is supposed to pay commissions. This is what the previous owner of your current house did. Now you are the owner and seller at the same time and will have to pay 2 commissions that will cover both the agent’s and buyer’s agent’s work. Usually it is around 5-6% of the purchase price.
Last but not least, obtain all necessary documentation that includes your budget for selling your real estate as well as papers showing your financial plan. This is one of your agent’s main responsibilities and he will assist you in accomplishing the task. During the process you will definitely learn a lot of new things related to selling and buying homes, you will be taught to bargain and decrease your money loss. And do not miss the opportunity to find out as much as possible about the cash that will come in and out during your life changing experience.