Selling your home is a very serious decision, perhaps almost the same as the decision to make a home. Do not make a rushed decision, but do take your time and make sure you understand all that is involved. Here are seven things you should know before selling your home.
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Prepare in advance to sell your home
Just think of the things that can add tremendous value to your home. For example, a rock bed feature in the yard, a water feature, lighting fixtures in the yard and so many more can increase the value of your home tremendously. You may also decide to add an expansion, build that deck and patio if you already do not have one. All these things could add hundreds of thousands to the value of the home. If you know you will sell your home in future, start preparing years before you sell.
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Know the current market rates and status
The real estate market is very dynamic, changing fast, going up and down. Now, you want to time your home sale to when the rates are up so that it can fetch as good an amount as possible. If you do not have the correct market information and cannot foretell the trends, you may end up undervaluing and not getting enough money for it, or overvaluing it and scaring buyers. Talk to a real estate agent, he/she will advise you whether to sell or to wait a bit.
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The importance of having a home inspected before listing
No one can overemphasize the importance of having your home inspected by a qualified inspector before listing it for sale. An inspector is going to comb through the home with a fine comb until he finds all the issues, Take his advice accordingly and fix all the issues before listing the home,. Also keep the inspectors report as it could earn you extra trust when selling the home.
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Legal assistance
Hiring legal assistance is very important. A real estate attorney will help you close the deal, draw the agreement and basically, make sure that there are no legal repercussions that can follow you after the sale.
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Sprucing up the home is paramount
Who wants to buy a dirty home when there is a cleaner one in the neighborhood? You have to make the home attractive, clean it up inside out so that it can appeal to all buyers who come and go. Go into full gear after listing and keep your weekdays and weekends open to show buyers the home.
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Know how to bargain
If you are not selling your home through an agent, or if you are, you have to know how to bargain. Take it like this – the buyer wants to pay the least price while the seller wants to score the highest price. Many buyers though trust a high value property than a low value one. Find a balance and then hold your end as much as possible.
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Some real estate agents are better than others
Do not list your home with the first real estate agent that you come across. You need to talk to several, and listen to your gut feeling all the time. How will they prep the home for sale? What channels will they use to market your home? Some agents have too much going on they simply won’t bother too much. Find the best one.