Considerations Before Selling A House

Jul 10, 2013 by

Selling your house is a challenging task, especially if you wish to do it all by yourself. There are a lot of considerations to be made and a lot of small projects to be completed before your house is ready for sale.

The first and foremost of these is to evaluate the current market value of your house. Go to a few professionals and get an estimate of the worth of your house. Check your locality as well to gain information about the different price ranges that are present there. If another house is being sold nearby, you might want to determine your selling price accordingly to avoid competition.

After making an estimate of the profit you can earn from putting your house on the market, consider your reasons for selling it and make sure that the benefits you are getting are worth the sale. For instance, if you are selling your home in order to buy a new one, then are you getting enough money from this sale that you will easily be able to buy a new house?

Once you have finalized your decision regarding the sale of your property, it’s time for some cleaning. Take all that old garbage that you have kept hidden within your home and throw it away. If it’s in good condition, organize a yard sale and sell the stuff you don’t need. By doing this, you not only get a cleaner house but you get to make a profit as well.

Prospective buyers are attracted to houses that are clean, and well-maintained, so after cleaning the house, you need to start on the repairs. Whether it’s a leaky faucet, hanging doors, cracks in the wall or nail holes; repair all the internal flaws of your house.

Then, it’s time for a new coat of paint. If the paint inside the house is peeling off, paint those walls. If the interior is satisfactory, move to the outer appearance of your home. Outer appearance of the property is what lures buyers towards your house, so make sure you clean your roof and paint the outside walls, trim your yard and fix any doors or fences that may need repair.

As we live in a house, we tend to attach memories to it and we tend to make it cozy by adding a few personal touches to our abode. But before showing the house to buyers, remove most of your personal belongings. You want the buyer to feel as if this could be his potential home, not yours. Leave as much space unoccupied as possible so that the rooms look bigger and more spacious.

You can publicize the sale of your house by placing a sign in your yard. The ‘word of mouth’ approach works as well. You can even post your house for sale on-line. But if you cannot advertise your property effectively, you will be unable to attract enough customers to your home.

Since you are keen on selling your house on your own, you also need to make sure that you are well-aware of the laws, procedures and documentations required for it. If you are uncertain about whether you can tackle all the legal proceedings alone, it’s probably better to hire a professional. Real estate agents usually have a plan sketched out for the entire process and will make the work easier for you.

After completing your repairs and marketing strategies, you need to be patient and wait for the right buyer. If the house takes too long to be sold, it will lose its market value, so make sure you make a sale as quickly as possible or hire an expert for help.

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