
There are many factors
that must be considered before selling a home. A few of the most important
factors are pricing your home correctly, physically preparing your home for
sale and knowing when to sell.
Having a sense of how the housing market is fairing
in sales will often tip you off to "knowing when to sell".
Granted there are circumstances that may not allow us to sell when the
market is hot.
However,
if this is not the case, you will have to understand the difference between
a Buyer's market and a Seller's market. A Buyer's market is when the market
condition is favoring the Buyer.
Another important factor is "physically
preparing your home for sale". Before you open your doors
to the public for viewing you must make sure it is ready inside and
out. The outside should appeal to the buyer's eye upon first glance.
This is often referred to as "curb appeal".
Your
lawn should be well manicured and cut weekly. Your exterior features
such as gutters, railings, and aluminum siding should be clean, sturdy and
freshly painted. As for the interior of your home, it must also be
clean, uncluttered, and freshly painted. You should make certain
crucial items such as electrical systems, plumbing systems, heating and air
systems are functioning correctly. These and other items are important
to the success of the sale of your home. For more
information concerning preparing your home for sale review our Seller "To
Do List".
In addition to preparing your home for sale, you must
consider "Pricing Your Home Correctly".
By you already having obtained an appraisal report
this will save the Buyer in an amount of approximately $400.00 to $500.00.
It will also reduce some of the bargaining of the sales price between the
Buyer and you. Factoring in other concerns to determine the correct sales
price must not be dismissed. Items such as mortgage payoff (if any), real
estate commissions payable to agents, liens or second mortgages to be paid
off and profit. Finally, keep in mind that pricing your home to high
may cause your home to sit longer then expected. Therefore, pricing your
home correctly is a crucial factor in selling your home. It is almost
imperative that you hire a real estate firm to assist in the sale of your
home.