What you pay for when selling your home isn’t always clear. So if you haven’t been through the home-selling process there is more to it for you than just receiving money from the sale. There are some costs for the seller to assume that you should be aware of before you sell.
Is your home in ready-to-sell condition? Before you sell, you might need to spend money on updates and repairs, painting walls, or putting in some landscaping. You may need to hire a home stager, which might include renting furniture, to make your home the most appealing to the most people.
Many sellers purchase a home warranty for the new buyer for the first year to help cover the cost of unforeseen repairs to systems like heating or plumbing, or appliance breakdown.
Even though you are selling your home, you will still owe property taxes pro-rated for the part of the year you still owned the house. There may also be a capital gains tax, depending on how much profit you made on the sale.