Selling a home is not only an arduous task, it can also be expensive if not done right. So here are some tips to help you expect the unexpected and come out on top.
First off, get pre-approved for a home loan. If you sell your house before you’re approved to buy another one, you could be in trouble. It will also give you a realistic amount when you’re shopping around for another home.
Next you’re going to want to find out how much your house is actually worth on the market. A real estate agent will help you with that. You can go a step further and get an appraisal, but it isn’t necessary if you use an experienced agent. This will help expedite a lot of processes later on in the sell, and give you a realistic idea of what to sell your home for.
Now you know roughly how much you can spend, now you need to find out how much selling the house is going to cost. When selling a house there are a lot of fees that people do not think about, such as various transfer and excise taxes, property taxes, and of course occasional HOA fees. There are dozens of fees you may not even be aware of, so ask your agent. You’re paying them to be helpful.
Now you’ve gotten all your numbers out of the way, it’s time to do some work and get your house ready for buyers. First you’ll need to make any repairs to your home, if you leave something untouched you’ll have more wary buyers, and probably get low offers for your home. Then you should work on the more cosmetic stuff. Think new paint, clean appliances, organized closets, sparkly windows. All of these things will impress buyers when they look at your home.
Lastly, when you’re ready to sell your home, get excited, but when a buyer comes, or your open house starts don’t stay. A loitering seller is a turn off to a lot of buyers, and It hinders showing activity. Plus a lot of agents like to speak privately to their clients when showing them a home, so you being gone will be the best option.
If you need an experienced Realtor or loan officer, check out NationalRealtyGroup.com and National1Mortgage.com.