Back Bay sellers: Costs to sell your Back Bay condo
Boston Condos for Sale and Apartments for Rent
Back Bay sellers: Costs to sell your Back Bay condo
The Boston condo for sale market is speeding toward our busy Spring market, and it’s a good time to get familiar with the basic costs involved when you sell your Back Bay condo. Having a solid grip on what it will cost you to sell is important as you plan your move.
Here are the primary costs you can expect when you sell your home:
1. Back Bay condo broker commissions.
The seller agrees to pay broker commissions, which are typically 4-5% of the sale price. The total amount is split between the listing and buyer broker, with the agents getting paid according to whatever split they’ve arranged with their company. So the commission is divided, ultimately, four ways. (The listing agent doesn’t walk away with all the money.)
2. Back Bay condo transfer tax.
.A proposed tax in Boston hit the House floor Monday in a late-session advancement for the controversial idea of imposing a new charge — up to 2% — on real estate transactions over $2 million in the state’s most populous city.
3. Back Bay condo reports and inspections.
It is customary for the seller to provide to provide 6D, smoke detector test. property taxes be prorated.
4. Back Bay condo prep work and staging.
If you’ve been living in the property a while, you’ll probably want to consider painting, doing minor repairs, floor refinishing/carpet replacement, yard clean-up, staging, move-out cleaning and staging. Depending on the size of your home and what needs to be done, costs vary. I have a team in place for these activities and personally coordinate getting estimates and having the work done.
I’m currently in the process of signing up listings and coordinating marketing schedules, and would be happy to talk with you about bringing your home on the market this Spring or summer. We can work through all the details and pave a surprisingly quick and easy path to coming on the market and closing your sale. Just contact me at 617.595.3712 | realtyford@yahoo.com
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