Selling your home quickly and successfully requires lots of resources, and hard work. Since for most people selling their home involves a very large financial transaction, it is best to do lots of research and seek advice from industry professionals.
Before the "FOR SALE" sign goes up on your front lawn, consider the following:
- Market value: this is used to establish a listing price for your home. The market value of your real estate depends on multiple factors: the physical attributes of your home, location, history and condition, and anything else that affects the current value of your home. The market value is how much buyers are willing to pay at this point in time for your piece of real estate.
- Fixtures and chattels: what is included and not included in the sale of your home? Fixtures refer to built-ins, often buyers assume this is included in the exchange. This could include chandeliers and shelves that may have sentimental value to you, the seller. It is important to specifically mention fixtures and chattels (removable, i.e. satellite dish) in the agreement in order to avoid future hassle and confusion.
- Condition of your home: the process of listing your home may come with a lot of physical labour . It is always best to seek advice from a home inspector for older homes - tending to problem areas in your home will result in a higher market value of your home. Keep in mind that some problem areas will yield more reward than other areas!
- Real estate professionals: you may choose to sell your home on your own, or you may seek the expertise of a professional real estate sales person. Just as you would choose any other service, research and choose the right professional for you and your home. For many people buying and selling their home involves an incredibly large financial transaction, it is very timely (sometimes takes multiple months), very expensive (repairs, staging, marketing), and very draining when it comes to making hard decisions during offer acceptance and negotiations. A real estate professional is trained and knowledgeable in this field and will provide degrees of assistance depending on the fee that they charge. Keep in mind "you get what you pay for", so spend time figuring out what you would need from the professional, and how much you are willing to pay, and finally do tons of research to find someone you are able to work with best. The right professional may save you time, hassle, and lots of money at the end of the transaction.
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