| Buyers | Sellers | Properties | Market Statistics | Mortgage Calculator | Pre Sales | Foreclosures | Inspection Property Tax | Closing Costs | Capital Gain |

 

  

 

Sellers

 

 

 
 

 

  Here are some tips

 Assessing the Market: Reasons to Sell and Making the Decision

People sell their homes because they have been transferred to a new job, a new location, or because they are trading up to accommodate a growing family, or trading down when children move out on their own. Whatever the reason, there are at least a few facts worth remembering if you are thinking about selling your home.

a. Familiarize yourself with the market

Sellers need to understand the current real estate market, because housing is a commodity, and the value of real estate properties fluctuates according to many factors including supply/demand, interest rates, and the general economy. Your home is worth only what a qualified buyer is willing to pay for it at the time it is put up for sale.

A professional real estate agent can educate you about what homes in your area are selling for at the current time

b. Learn what your property is worth

Sellers should consider a professionally prepared comparative market analysis (CMA), which allows them to see what similar properties, in the same market, already have sold for in the recent past. Your REALTORŪ will be able to help you with this process and may provide you with a CMA.

For example, if you live in a ranch-style home, make sure your CMA tracks the price of other, similar ranch-style homes. If you live in a rural community, make sure your property is compared to properties that also have been sold in a rural community.

While it may seem logical to compare the asking price of others who are selling their homes, it is the closing price - the price actually paid to the seller - that ultimately determines relative worth in the real estate market.

c. Make the decision

People who must move to relocate for a new job don't have the luxury of asking, "Why should I put my home on the market when I haven't yet found the property I want to purchase?" They know they must move and so they do. In fact, it is very rare that a seller fails to find a suitable new property once an active and committed search is underway.

Selling one's current property is the most common way to finance the purchase of a new property. You won't know what you can afford to buy, if you don't know what price you can expect to get for your current home.

Sellers who don't want to list their property first risk finding the home of their dreams, only to realize another buyer (with financing and flexibility) has stepped in to make the purchase ahead of them. If you are reluctant to put your current property up for sale, perhaps you have not made the decision to move just yet.

 

II. Finding a New Location and a RealtorŪ

First determine why, and then where you want to move. In addition to familiarizing yourself with the selling market in your current location, sellers must educate themselves about key factors in the areas they intend to consider for relocation.

Schools, tax rates, property prices, commuting distances, and availability of public transit and/or health care facilities may all be factors for the seller who also will be a buyer. A qualified REALTORŪ can be of enormous assistance here.

 

III. Preparing Your Home for Sale

Sellers should try to take a fresh, impartial look at their property prior to putting it on the market. Enhance your home's curb appeal. You have just one chance to make a good first impression, so don't under-estimate the importance of a fresh coat of paint, a well-tended yard and entryway, and the need to eliminate clutter.

Although sellers often concede that new carpeting or wall paint is warranted, they are sometimes too willing to let prospective buyers worry about such improvements. In reality, buyers tend to make mental deductions from the sale price for each new "job" they will have to take care of, and they are inclined to inflate the cost of new carpeting or other simple repairs. Your listing agent will give you specific advice, but here are several suggestions for you to consider:

 

DO DON'T
fertilize, seed, cut lawn and clip shrubs and purchase fresh mulch; plant new shrubs or trees;
clean, wash, deodorize indoor carpets and floors; select vivid colors for new paint or carpeting - stay neutral;
consider applying fresh paint to interior walls; purchase new wallpaper or light fixtures;
thoroughly scrub inside of appliances; purchase new appliances;
use accents (like fresh bath towels, decorative soaps, light air scents); clutter shelf tops with personal photos, etc.;
make sure all closets and cabinets are clean to the point of looking empty - they also will look larger; fill closets with items removed from the rooms;
consider repairing/replacing damaged roof shingles; replace entire windows;
reseal asphalt driveway; pave a gravel drive;
  install new siding
 

      

 


 

 

 

 

 

                                                            If  you have questions about selling your home please email me:                      

Name       

Email       

Phone      

      Question    

                 

 

 

 

 

 

 

 

 

 

New Home Warranty | Property Disclosure | Transaction Costs | Fixer upperZero Down | Pre Approval | First Time Home Buyers

 

 

 

Hit Counter