Selling Your Home For The Right Value.

Sellers:

Selling Your Home

When the time comes to sell your home, if you want to sell it yourself.  You must collect plenty of data about your property and you must do just as much homework as you did when you bought the property for the first time.  One of the first step in getting the highest price possible for your property is to obtain a realistic appraisal of its current value even though the market of the property is under evaluated. If you have paid little attention to the market for the past several years, you may have an outdated sense of what your home is worth. You should get a feel for the market by 1. Visiting this website that will provide you with an idea about the value of your property in your area, zip code. Also, reviewing newspapers ads for similar properties and by visiting nearby open houses . Real estate agents will be glad to give you a free assessment of your homes strengths, weaknesses and fair price range. For a fee, you can also obtain a professional appraiser’s opinion.

If you want to avoid the real estate broker’s fee, you can try to sell your home yourself with newspaper ads and a for sale sign on your front lawn. Although you will have to deal with browsers and people unqualified to buy your home and places a bid on it .

Before you let anyone past the front door, make sure your home is in tip-top shape. Add a fresh coat of paint. Locate plants and flowers strategically. Mow the lawn. Spruce up the exterior. Clean every room thoroughly. Remove excess clutter and furniture to maximize the appearance of living space. distribute a one-page fact sheet listing your home’s selling points and illustrating the layout. If you’re located in an active real estate market, you might be able to sell within a few weeks. It is always best, however, to sell your home before you buy another property. You don’t want to owe two mortgage payments if your home sells more slowly than you had anticipated.

More and more states require that you disclose all of your home’s problems in writing to prospective buyers. The document covers a property’s structure, utilities such as plumbing, air conditioning and water system and municipal status such as building permits, zoning restrictions, certificate of occupancy and property tax rates. If the buyer signs this sales disclosure from acknowledging that he or she has been informed of the home’s problems, the buyer has little right to sue you later if any problems crop up for any of the items listed.

If you cannot sell your home on your own, bring in several real estate agents to complete for your listing. Unless you deal with a flat-fee or discount broker, you must pay the agent you choose a commission of 6 percent to 8 percent of your home’s selling price, but if he or she can find a buyer when you can’t, the fee is worthwhile. for much more on how to work with a real estate broker, see Chapter 18, “ Finding Financial adviser Who Are Right for You.”

When you sell your home, either on you own or through a Realtor, you must deduct all selling and closing costs form the gross sales price to arrive at you net proceeds. Keeping in mind a list of some of the costs you might incur and helps you determine your profit.