How Much Do You Really Have To Spend To Sell Your Home?

Selling your home can be exciting, especially if you’re moving somewhere new. Most people can get a little too caught up with seeing dollar signs in their eyes, and fail to consider how much they’ll actually have to spend to sell their home. Home sellers tend to pay their listing agent around 6% of the price of their home, but this can vary depending on who you work with. So if you were to sell your home for $250,000, they will get around $15,000 of the sale. It’s best not to start mentally spending the money you’ve earned until you’ve taken all of these things into consideration.

What Is Real Estate Agent Commision?

Providing you’ve chosen a great real estate agent, it’s highly unlikely you’re getting ripped off. However, a lot of agents don’t explain why they ask for what they ask for. Many agents don’t have a salary, so this money goes for the time they spent marketing the house, things like photographs, signs, and paying for the sites that the home was listed on. If your house doesn’t sell, then the agent doesn’t get paid either. They lose out on costs and don’t get paid for the time they spent on it. It can be a rough ride for them!

Closing Costs For Sellers

It’s also worth thinking about closing costs for sellers. Around 2% of the money made on your home will usually go on this. They are usually fixed costs that include taxes, expenses, notary fees, and things like this.

Going For Reinvention or Renovation

Something you’ll need to consider is whether you’re going to simply show your home in its best light, or renovate it in an attempt to make more money. Hiring a remodeling contractor can be a good choice if your home isn’t in the best condition, but you need to think about the things that are really worth your while. Let’s say you want to improve the look of your backyard by adding an outdoor deck. This can be attractive, as it creates a great place to entertain and makes the place look more attractive. It’s fairly cheap to complete, averaging at just over $10,000. However, you may only see an 82% return on your investment.

Selling Your Home Yourself

With these things in mind, some people decide that they should sell their home themselves in order to sell money. However, you’ll still need to pay the buyer’s agent’s brokerage fee if you do this. You might think that you’ll save money, but when you look at the situation objectively, it’s unlikely you’re going to save any money doing this. It’ll also be more stressful, take more time, and you may even get a lower price for your home. You likely have limitations when it comes to your expertise, so think about it carefully before you decide to sell your home yourself. This will be one of the biggest things you sell in your life, so it’s not worth cutting corners in an attempt to save a miniscule amount of money, if any.

Hopefully, you now have some ideas about how you should be selling your home and what you really need to spend to get it done properly!

The Changing Tides of Payment: Options to Consider

Whether you run a restaurant, a tech company, or anything else where you accept and deliver money from and to clients and customers, you need to have different methods to make this possible. There are many various methods in which we can now pay for services, and be paid for these services, too.

And this is the same for the people you will be receiving payment from, too. What was once a standardised process of handing over paper notes or metal coins, or even a piece of paper that had no worth until a number was written on it, has now evolved into a plethora of different options.

Regardless of what sort of business you are running, you need to offer as many different payment options as possible if you are to appeal to the broadest customer base. While we all have money, how many of us actively carry around physical cash anymore? When was the last time you went to an ATM and withdrew from your account?

The guess would be not often. Advancements in technology have provided us with the convenience to not worry about searching through seemingly bottomless jacket pockets searching for spare change, holding up the line behind and then just shoving whatever large enough note you can find towards them.

This evolution of payment has benefited everybody. It has streamlined the currency exchange process and allowed people to carry out transactions in a quickly and conveniently. Online shopping has revolutionised the way we received products; be it Christmas or birthday presents, replacements for unusual items that you can’t find in the stores, or even products that are not available in your country.

It has also taken a lot of the worry away from mailing money across the country or the world. When sending even small amounts of cash, you might be concerned that it gets lost along the way. Being able to transfer your cash online, through mobile banking, or using PayPal or other fintech platforms eases this stress.

Additionally, there are also companies that have embraced the growing popularity of bitcoin. Furthermore, some countries, such as cash-strapped Venezuela, have begun relying almost entirely on this cryptocurrency to sidestep the hyperinflation and economic crash the nation suffered last year.

Of course, with this reliance on digital currencies and payment methods, there needs to be caution. Hacking scandals at even the most famous and respected finance firms have dominated the news in recent years, leading people to question where their data and money is safe.

With everything in life, technology is not infallible as some believe. Putting your trust in binary and servers may save us time and make our lives more convenient, but there is always a looming risk of falling victim to those who want to take advantage of this trust.

When considering potential payment methods for your business, it is essential that you undertake proper research and approach it the same way you would approach any other serious business change. You want to make it as easy as possible for customers to use your service, but this convenience must not come at the risk of their private information.

Good Money? Nice Life? Here Are The Three Places You Should Be Looking At!

When it’s pouring with rain and the house prices have gone up again while you enjoy a salary freeze, the grass can seem an awful lot greener on the other side. Emigration may not have been something that you have ever considered before, but when you feel stuck in a rut with your job and your finances are doing a nosedive, it’s only natural to look around and see where you could thrive elsewhere. When you look at your family, there are two things that you could want more than anything; good money and a nice life. You want to up your earning potential, so that the salary freeze that you’ve been frustrated about for years will end. You want to be able to give your family the nice life that they deserve and sometimes that means upping sticks and going abroad. The cinch? Knowing where on earth to go that will give you what you want. Financially, you need to consider all the costs of moving abroad and you need to give yourself a reality check while you’re at it to ensure you really will be better off.

So, where in the world can you go to get a nice life and have a far better income than you do right now?

Switzerland. For years, Switzerland has been cited as the best place to find a well-balanced lifestyle of a higher quality than the one you have right now. You can find the right career prospects while enjoying a healthy salary, and it’s a fantastically well-balanced place for families to grow up. It’s a place where expats have a lot of faith in the economy and it’s exactly why it’s a booming one!

Monaco. It’s one of the smallest places in the world, but it’s one that enjoys 300 days of sunshine every year and the residents benefit from no income tax, wealth tax or capital gains tax. Finding the right help with relocating to Monaco doesn’t have to be difficult, and knowing that you are moving your family somewhere with more cameras and policemen per capita, you can be safe in the knowledge your family is safe.

Japan. Working in Japan is an experience not many will ever get to have. The infrastructure, the nature in the islands and the amazing quality of life that can be found in Japan makes for an enormously appealing place to go. Expats can enjoy amazing salaries while enjoying new and exciting experiences, not to mention the food is just fantastic.

These three countries are just the tip of the iceberg for expats, and there are so many places that you can choose from for your family. Professional expats tend to earn more abroad than in their own home country, and you are more coveted if you are lucky enough to be picked up by a company abroad. Take the time to do your research and you can choose the perfect location to start all over again with your family.