5 Questions to Ask Yourself When You’re Selling a House
Thursday, November 2, 2017, 12:00 PM | Leave Comment
Every home seller wishes to sell their property fast and at a good price. However, making sure that you get a good deal on the house takes proper planning and adequate preparation.
When you are selling a house, there are a number of questions you should ask yourself.
These questions will help you identify areas where you need to make improvements. You will also be in a better position to navigate the process smoothly.
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Should I hire an agent?
The prospect of pocketing the entire profit when you sell a house on your own may discourage you from hiring a real estate agent. However, working with a reliable agent, like Re/Max of Boulder, Inc. or someone else in your area, will give you access to the most up-to-date information about your real estate market.
Any professional real estate agent will help you handle inspections, manage online listings as well as take care of negotiation and closing processes.
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How much is the house worth?
Asking yourself how much the house is worth will give you a clearer picture of what you can expect once the sale process is over. Establishing the worth of the house will also make it easy for you to fix a price.
One of the best ways to determine the worth is to look at the prices of similar homes in your neighborhood.
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How will I market the home?
If you want the home to sell fast, you should consider using effective marketing techniques. The difference between getting multiple offers and getting none relies on how you market the home.
In a world where social media plays an important role, it is advisable to use the platforms to market the home to potential buyers.
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When is the right time to sell?
The forces of supply and demand will determine whether it is the right time to sell your property. If you will be selling in a seller’s market rather than a buyer’s market, you are more likely to fetch better prices. This will let you maximize profits and any money that you can use to pay off outstanding loans on the house.
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Should I make repairs?
While making repairs is never fun, fixing defects will not only help you to attract potential buyers but also increase the value of the house. When disclosing any known material defects to the buyer, you will have fewer issues to report.
Before selling the house, it would be important to think about how much it will cost you to sell. Some of the important costs you should be mindful of include realtor’s commission, closing costs as well as staging and home preparation costs.
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Meghan Belnap is a freelance writer who enjoys spending time with her family. She also enjoys being in the outdoors and exploring new opportunities whenever they arise. Meghan also enjoys researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook and Twitter.
