Things To Do Before Committing To Sell
Deciding to sell is your decision only. Once you decide it’s time to sell, you may be eager to plop a sign in your yard.
You need to be sure, first of all, that you’ll be approved for a new home. There are always changes in real estate law, and you may not be eligible. Before putting your home on the market, make sure you’ll be able to make the move you want. Get in touch with your lender and get pre-approved for a home loan. You’ll be successful when selling your home when you get a written approval.
If you don’t want to owe what your home is worth, set up a line of credit against it’s equity. This can give you money for closing costs or down payments.
You must first decide how much your home is worth, as well as what you owe. This may require an appraisal of your property to get an accurate idea of its current value. Calling your mortgage company will help you find your loan balance.
Look around at the local housing market if you aren’t under pressure to sell. Wait til the market is moving if before you put your home on the market. If sales are doing well, jump in.
Figure out what you can spend to sell your home. Do you want to hire a real estate firm and give them a percentage of the sale price or try to do it yourself, which doesn’t mean free as you’ll want to advertise and may need paid as well as free listing services. You may also be responsible for pro-rated property taxes, some attorney fees and other costs associated with the sale.
Also, before listing your home make sure it’s ready to be seen. You will need to do the little repairs that you have been putting off. Don’t put the stress of having to do that on the new owner. They’ll just give an impression that your home is not well maintained and give buyers a bargaining chip at paying you less, if they’re still interested.
Cleaning thoroughly is a must. This means sweeping, mopping, pressure washing, and cleaning carpets. After you clean, keep it that way!
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