What should you know when Selling your Home?

Posted by Casandra Properties on Monday, January 4th, 2021 at 8:07am.

Putting your home up for sale is a big deal. There are lots of things that you need to think about before getting your property listed on the market.

Selling your home isn’t as easy as putting a ‘’for sale’’ sign on your lawn and waiting for a buyer to knock on your door. Selling your home can be scary, however, it can also be exciting. For many, selling their homes has been a rollercoaster of a journey. 

Selling Your Home

Finding the Right Agent to Sell Your Home

Picking the best real estate agent to sell your home is crucial. Perhaps interviewing several realtors will have its benefits. The realtor will help you through each step it takes to sell your home

Finding a well experienced real estate agent, who is legally qualified, understands the market, has a good reputation and is determined to get the best price for your home is very important. It might give you an indication of whether or not the real estate agent has your best interests at heart. You want somebody that when you call them, the agent will make time to help you out on whatever it is you need. 

Try speaking to other homeowners who have sold their homes in your area. Find out how their experience was, and if they would refer a realtor. A little market research could prove to be the key to choosing the right person for the job.

What is my Home Valued at?

After picking the realtor, they will be able to supply you with a Comparative Market Analysis (CMA). This is a list of all the homes recently sold in your area. The document will have details on how many days the property was on the market for, details about the property, and the price the property sold for. Even if you haven’t chosen a real estate agent yet, you can ask a realtor that you are interviewing for a copy of the CMA. They will often provide the documents for a potential customer. 

However, you don’t have to wait for this information when trying to estimate the value of your home. Websites offer lots of information, and there are many real estate agents posting properties for sale every day. If you decide to find out the value of the property of your home by yourself, the following should help you determine the value:

  • See the final selling price was for homes close to your property. These homes should be no further than a ½ mile from your house. 

  • That the home was built around the same time as yours. 

  • Look for homes that are a similar size to yours, with the same amount of bedrooms, similar size lawn, etc.

  • Try and find homes that have been listed recently. 

Lots of homeowners decide to hire an experienced independent realtor appraiser to value their home. An appraiser will value your home for a once-off fee

Are there any Hidden Costs when Selling your Home?

Unfortunately, there are a lot of unavoidable costs when selling your home. Here is a list of some costs you should expect when selling your home:

  • The real estate’s commission

  • Fees for marketing your property

  • Mortgage discharge

  • Taxes

  • Cost of moving

You can speak to your realtor to help you calculate the closing cost of your property. Closing costs that you should expect are the commission for the realtor, taxes, attorney fees, etc. You can do lots of research yourself online by visiting nyc closing costs

What can I do to Increase the Value of my Home?

Before listing your property, there are a few changes that you can make to help you get the best price possible for your home. 

  1. A simple way of making your property look good to potential buyers is by making your lawn look great. You can hire a professional landscaper to make simple changes by planting some new flowers, cleaning up old weeds, trimming your trees, and having your grass cut.

  2. Wash or paint the walls. If your walls have dirt or grime on them, paint or wash them before your property is listed. A potential buyer might notice this, and it could prevent them from putting a bid on your home. 

  3. Fix old windows and doors. If there is a creek in the door or windows, when potential buyers come to see your home, they are sure to open a few doors and windows. Check all windows and doors and if they need repairing and don’t waste much time getting them fixed. 

  4. Make sure your home is spotless. Vacuum the floors, take out the trash, clean all the sinks and toilets, are all little simple chores that will add value to your home. Don’t have lots of clutter around the house, and make sure everything looks neat. 

Conclusion

Try to remain patient when selling your home. Finding the right realtor to sell your home, the right time to list the property on the market and, understanding all the costs you should expect to pay will make the experience easier for you.

 

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