If you decide that it is time to sell your home, then there are likely a few things that you will need to do to prepare. A lot of time it is these things that make the selling process go smoother for you, or at the very least help you feel prepared for what is to come. There are a lot of great tips for getting ready to sell your home and this article will discuss 2 of these tips in more detail.
Look At Comps In The Area
When you hire a real estate agent to list and show your home for you, it is imperative that you have already formed your own opinions on some things. One such thing is what you feel your home is worth. It is important that this number doesn't just come for anywhere though because it needs to be realistic and supported by data. An excellent way to gauge the worth of your home is to look at comps in your area. By looking at other homes that are comparable to your home that are either for sale, or have recently sold, you get a good idea of what the going rate is. You can show these comps to your realtor when they ask you what you want to ask for your home, and from there the two of your can decide on a good price, Also keep in mind that your desire to sell, and the timeframe in which you need to sell, will also be important factors to consider when it comes to determining how much to list your home for.
Have It Appraised
A great way to ensure that things go smoothly once someone does place an offer on your home, is to have your home appraised beforehand. A lot of the time people will ask a certain price for their home only to realize that it doesn't appraise for that much. This means that the bank will likely not give out a loan for this amount because it is a higher risk for them. Rather than running into this issue, simply have the home appraised before you ever put it on the market. This allows you to be sure that your asking price is at least what your home appraises for, so that things won't get messy when someone does decide that they would like your home and puts in an offer.Share
19 September 2017
Although I've never worked professionally in the real estate business, I sure know my way around it. How, do you ask? Well, I have simply rented a lot of different places and worked with a lot of different landlords and real estate agents. In the past 7 years I've lived in 11 different houses or apartments, none of them my own. In finding those 11, I have looked at literally hundreds of apartments. I used to hate house hunting, but now it's kind of fun. You just need to know what you want and the right questions to ask. Hopefully this blog can help you learn some of the tricks of the trade from another renter like yourself.