When consumer confidence in the state of the economy is secure, unemployment figures are lower and people generally feel personal goals are attainable, these conditions bode favorably for the real estate market. It is a better time to consider selling the home. Preparations are necessary before putting the ‘for sale’ sign in the front yard. Below are five tips to consider when planning to sell the home.
– Home Appraisal: Having the value of the home appraised is required by lenders to aid in approximating home value and loan figure. As the seller, documentation such as a land survey stating property size, receipts from recent home improvements and property tax records will aid in arriving at an overall home value total. Moreover, review previous documented appraisals may reveal issues that caused home value to be estimated lower than average. Consult your bank manager on whom they may recommend as home appraisers.
Discount sale price: Check resources such as classifieds and Multiple Listing Services (MLS) online to see what the selling price for similar homes are listed. Then, discount your asking price between 10 percent and 15 percent. This may attract potential buyers who may be willing to pay slightly more as long as the price remains under the competition.
Organize the closets: When guests tour your home with the realtor, they imagine themselves as occupant. Once inside, they start to arrange the house and determine where large and small items will be placed, and this includes closets. Organized, half-empty closets will aid their ability imagining what may fit.
Highlight lighting: It is felt that lighting and location are two primary factors that influence one’s decision to buy a particular home. If applicable, make sure the yard light is in top working order; trim any bushes and hedges around the exterior. Inside, open or remove drapes, replace light bulbs with those of higher wattage, clean the windows and dust lamp shades.
Select Realtor with care: Unless you plan to sell by owner, select a realtor who is highly recommended, is interested in working for you and is up on use of technology. Furthermore, check his or her credentials to ensure they are qualified to do business.
Make sure all works well: This may take a morning or afternoon of your time, but go around your home and check that all is in working order. Note doorknobs needing attention, alarms needing batteries, chipped paint, crevices needing cleaning and HVAC filters needing replacement to name a few. Mastering these steps will aid your appraisal and ultimate sale.