Selling your home can be a complicated process. Even with the help of a real estate agent, there are a lot of small decisions to make and the home sale process can take a lot of time depending upon your local real estate market. However, there are some choices that are better than others that can make your home sell faster and allow you to save money doing so. This article is about what the smart choices that you can make as a home owner and what to consider so that the decision is a right one for you.
Cover The Bottom Line
If you are not in a rush to sell your home it would be a great idea to do a cost analysis to find out if now is the best time to sell your house. You can accomplish this yourself or you can hire a home appraiser to do it for you. If you are planning on doing it yourself you will want to look at the last six months of home sales in your area. Look at what comparable homes have been selling for and compare that to what they are selling for right now. In some cases you will find a real estate agent that will do this for free to help garner your business. Once you get this estimate you will want to subtract 6-9% to cover the cost of commission fees and closing cost. The number you have after this is what you should expect to sell a home in good condition. Does this cover the cost of your mortgage? With this number does it mean that you are going to be in for a big profit, or are you going to have to be careful to just break even? If you have a home that is in need of repairs you are going to have to subtract that from your profit margin regardless of if you do the work yourself or take it off the price of the home.
The process of staging a home does not mean that you are going to have to do any fancy decorating. Staging is the real estate term that denotes the cleaning and decorating that you can do in order to show off your home in the best possible light to any home buyers. Staging includes both cleaning and decluttering so you are able to show off how spacious your home, and its rooms, are. You will want to put away and personal items and knick-knacks to help make your home more organized. Try to reuse your existing furniture to make sure that each room has a clear purpose, and that it is functional. Even if the buyer is not going to use the space the same way it will help them to see that each square foot has a functional and usable reason for being there. Think about why you bought the home initially and try to accent that feature so it stands out. As an example if you have a peaceful backyard put a hammock in the back. This is also when you will do things like steam cleaning the carpets, replacing lighting and fixtures for the kitchen and bathroom, or adding some color to the yard to up the curb appeal. If you are trying to save money doing an upgrade is not always require to get a good return on your investment, and sometimes it might not even be the best thing to accomplish that.
Now, more then ever, people are starting their home search online before they ever even leave their house. This is why it is very important to have a great online listing with pictures that show your home in the best possible way. This is where a professional photographer will come into play and will be able to help you show off your hard work and make things come to life online.
Article Source: http://www.abcarticledirectory.com
It was months before I was able to buy my home. If only I had done some research in the beginning it would have sold faster. Check out our home sellers blog for more information on how you can sell your house fast.
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