subject: How To Make Your Home Worth More [print this page] Before Selling Your Home Before Selling Your Home
by Sameer S Panjwani
In this article are a few important steps you should take before you put your home on the market:
1. Home Loan Approval for your next Home
You dont want to be signing a long term contract to offer your house before knowing if you are qualified to acquire another. Your financial circumstances might have changed since your last purchase and you may not qualify for the loan amount you seek. Youll get a good concept of what you can afford by receiving a pre-approval before selling your house. You may then take the decision of whether or not it might be reasonable to sell your house at this point of time or perhaps consider renting something after selling the house rather of readily buying another. Make sure you have some sort of safety protection in place in case things go wrong.
2. Determine Fair Market Value of your Home
Youd want to get the best price off your property and in the quickest time possible. However, over-pricing your home will simply limit your chances of selling fast and under-pricing may speed up the progression but you lose out in the bargain. An agent or an appraisal service should be able to aid in determining the fair market value of your home. Yet another way is judging by how much other houses in your neighborhood sold for. Regardless of the process, one must be used to decide the true and best value of your home to ensure its sold in quickest time possible.
3. Estimate Cost of Selling Advertising costs, if you plan to sell home yourself.
Real estate commissions. Attorney, closing agent and other professional fees. Excise tax for the sale. Property taxes, home owner association fees, and fuel tank rentals.
4. Make Necessary Repairs
You dont want to put off a buyer because of minor repairs which you havent attended to so far. If youve made the decision to sell your house, its time to finish with any pending repairs you could have felt minor and unnecessary to fix up till this point of time. If repairs have to be done at basic height you should look into getting some fall protection to make sure you are safe.
5. Get the House Ready to Show
Apart from repair work, youll also want to see that your house is sparkling clean and everything is organized and in its place when a buyer comes to see your place. A clutter-free environment is essential if you want the house to lure to the buyer. You may also want to put out some miller people like beer.
