By Brenda Lyttle
Your home is a huge investment and any mistakes while selling it can prove to be pretty costly. Hence, it is always good to be safe and well prepared before you decide to see your home and start making repairs to it. So, before you get excited and start advertising the sale of your house, here are a few things that would be reasonable and practical to follow –
1. Explore Your Reasons For Selling – People don’t simply wake up with a whim to sell their home, there are usually some reasons involved with that. Explore your motivation to see your house because if you are going to make the decision, you must make sure that the motivation is strong enough because you don’t want to regret it later and face disappointment.
2. Research On New Home To Buy – Usually when people sell their house, they buy another one. For that, you would require adequate research in advance. The hassle free research work would include a quick drive through around the Surfside Miami Florida condos neighbourhood (if you’re interested in posh localities). You have the option of going for new houses or old houses.
3. Take The Help of Real Estate Agents – Deciding on the right real estate agent for you in no child’s play. Hence, you must always talk to at least three real estate agents in your neighbourhood before you decide on one. Usually they would give you a plan that explains their marketing options for your home but it is always better to ask for it. Take their help in answering the following questions –
• Pre Selling Preparations – It is usually advisable to remove overtly bulky furniture and items in advance but you must still ask the advice of your agent before you decide on anything.
• Pre Selling Repairs – This is a sensitive area to decide on because you don’t want to repair stuff that would not pay off but you don’t want the value of your home appear less because basic maintenance repairs have not been carried out.
• Pricing Of The Home –Don’t overprice your house and do not rely on the agents to decide on the price. Mostly, they are just trying to outbid each other and their bid prices are unreliable.
• Profits From Selling – It is best to prepare two statements, one with lowest price and one with highest. Thus, if your lowest price leaves you with financing issues, you would have to make arrangements. It is like preparing for the worst situation.
4. Search For a Lender – Ask your usual lender for the terms and offers of lending and ask for a GFE (Good Faith Estimate). Your agents would be able to refer you to a mortgage broker and then you can choose between mortgage loan types based on your preference.
5. Your Buying Must Come After Selling – Sell your house first and then decide on your buying options. It is usually more effective, psychologically and practically.
Virtual tours should not be trusted on the client’ website, it is always good to get some first-hand research done. Also, don’t trust the beautiful and pretty pictures either, because the reality could be different.
Read more articles by Brenda Lyttle: http://findingtheuncommondeal.com/three-reasons-for-the-growth-of-foreign-investment-in-miami-real-estate/
Contact Brenda Lyttle: [email protected]
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