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Tips for Selling your Home Quickly
Change is inevitable and it can affect where you call home.
You can buy your dream home one month, and then a few months or a couple of years later, a job transfer will require you to sell and buy a home in a different city with little time to spare.
This experience happened to me personally, although I was on the other end of the experience. A homeowner in Las Vegas needed to sell his house in less than a month because his wife received a job offer that was too good to refuse in Chicago.
His family of four was required to sell the house and pack to make the immediate move. These are the successful tips for selling his home quickly he followed after seeking advice from close friends in the real estate industry.
• You can enlist a real estate agent, but you are better off selling the home on your own. Real estate companies tend to overprice houses in comparison to other homes in the particular neighborhood. In order to sell quickly, you can set the price and work with customers directly rather than rely on the busy schedule of a real estate agent. The homeowner can take a couple of days to research the price of homes sold recently in the neighborhood. Comparable Market Analysis (CMA) information is available through the Web and the county in which you reside.
• Consider selling costs and how much cash you want after the sale. The seller should realize he or she will in most cases pay for buyer’s mortgage fees and other closing costs, but money can be saved in real estate brokerage fees. If the seller lists the home with a real estate agent, he or she can expect to pay up to 7 percent of the purchase price. If the homeowner makes the sale, he or she does not have to pay these fees. The seller also has the freedom to set the cost of which he or she will pay toward the buyer’s mortgage costs.
• It’s not a bad idea to interview a real estate agent, perhaps someone you know who is in the business, to get an idea of prices and selling conditions in your neighborhood. The homeowner I purchased the house from received free advice from real estate agents he knew in Texas and Nevada.
• You can obtain real estate sales contracts and disclosure forms from office supply retailers, such as OfficeMax and Office Depot.
• Prepare the home before putting the house up for sale. Paying landscapers to fix the outside, and spending time to paint, clean or perform maintenance to the interior, is well worth the expense. The seller is wise to have a professional inspector perform a checklist on the house to fix any issues before the buyer’s inspector looks at the house.
• Enlist the assistance of a real estate lawyer for a nominal fee of less than $800 to get legal advice.
• Advertise with a classified ad in the daily newspaper and online. I discovered the home I purchased on the Web. Purchase professional looking “For Sale by Owner” signs and splash them throughout the neighborhood and nearby intersections. Make fact sheets about the house covered by plastic that can be attached to the “For Sale by Owner” sign in your yard.
• Plan and execute an “open house” for prospective buyers. The best time to do this is on the weekend, when buyers have more time to look through the house. Keep a list of visitors with their phone numbers. Produce another list for your personal reference to people who have inquired about a down payment or attempted to bargain, to show who is a serious buyer. Do not eliminate the prospective buyers who offer less of a down payment, especially first-time home buyers. These people are very serious about buying the house, which can make the sale quicker.
Selling a house is not easy, especially in a limited time frame. However, the process is feasible for a homeowner to execute. All it takes is a good plan, a small budget and a week or two to smooth the rough edges in the house. The home can be sold in less than a month with this formula.
Thank you to Javier Moralas for this Tips for Selling your Home Quickly article
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