When you bought the house you currently reside in, you probably made some personal commitment and developed a personal and emotional relationship. For some reason, she has now recognized and believes that it is time to sell her house and move. However, since for most people her house represents her largest financial asset, doesn’t it make sense to proceed in the wisest and most responsible way to achieve the best results? If you make this decision, start by being as prepared as possible and proceeding smartly. With that in mind, this article will attempt to briefly consider, identify, review, and discuss 5 steps, which are a well-considered way to proceed.
1. Check your title: Consider your property and find out if there are any outstanding issues that may create challenges for transferring a clear title when you sell your home. These may include: building permits, which were never properly closed; work done, without the corresponding permits; any property – line impacts, which could be problematic; taxes or other links; etc.
two. Look objectively, not emotionally: It is often difficult for homeowners to objectively assess their properties, which is one of the essential reasons for hiring the right real estate professional who can look with an objective eye. We all develop some degree of emotional attachment to our home, but it’s important to recognize those wonderful moments and meaningful lifecycle experiences that, while invaluable to you, don’t add value to potential buyers. Your real estate agent must provide you with a professionally designed Competitive Market Analysis, or CMAto price your home right from the start.
3. How much would you be willing to pay and why?: Ask yourself, introspectively, objectively and honestly, if you were a buyer, looking at your home, how much would you be willing to pay and why? Consider the strengths and weaknesses, and how it compares to other homes for sale in your local real estate market. A smart way to start is to look at some of the competitors and compare them objectively.
Four. Address needs and weaknesses: Once you identify the needs, weaknesses, and shortcomings of your house, in terms of how others might perceive it, you need to address them in a smart, rational, and productive way.
5. Hire the right real estate agent: Interview several real estate agents and consider what each could offer, what could benefit you the most! Ignore the rhetoric and promises, and don’t be swayed by anyone who exaggerates their suggested listing price. Rather, make sure the professional you hire is someone you feel comfortable with, is empathetic, responsive, accountable, and has a marketing plan for your specific home.
Prepare properly to sell your home and you will be better served! Protect your best interests, as well as your financial ones!
