The sale of a property is a significant step in life and not one to be done without being educated about the process. Several factors will play into the steps you might need to take for your sale to be as quick and painless as possible.
Do you need to sell your home fast? Has your home suffered substantial damage? What will be the selling price of your property? There are some things you may not know but must know before you get started.
Question Those Who Suggest Selling by Auction
You should only consider an auction sale if your property has excellent potential for development, the value is difficult to determine, could possibly produce much income, or you are prepared to let the property go at a significant discount from fair market value. Even if you meet one or more of these conditions, give the matter serious consideration before making the final decision to sell by auction.
Many auctioneers are so desperate to make a sale, it is a distinct possibility that they will attempt to use questionable methods. Of course, all auctioneers are not dishonest, but many of them are in business for a quick sale, no matter the lack of integrity in the method. Many of them have no intention of giving you trustworthy advice.
If an auction sale fails to succeed, cash companies will automatically lower any offers they might make which will cause you to lose a substantial amount of money. An auction sale that has failed will signal potential buyers of possible, significant issues with the house or property.
Do Not React Hastily If You Lose Your Buyer
Showing desperation to different buying sources can put con artists on high alert. Some companies who advertise that they will buy any type of house are legitimate. Others are far from sincere, and it is often difficult to determine the difference.
Any company who claims to have the ability to sell your property quickly at 90% to 100% of the fair market value should not be trusted. If any of these companies claim to have quick access to investors with large amounts of cash, you should assume the claim is false.
A Fire-Damaged Home Can Be Sold
Many people believe that all hope is lost once a home has been damaged by fire. If you do not have house insurance, selling a fire-damaged home is a possibility. Some companies purchase fire-damaged dwellings; however, as with auction sales, some companies have ulterior motives. Listen carefully to the promises being made to ensure they sound realistic. If something does not seem right, trust your instincts.
You Can Promote the Property Sale Yourself
Even if you have hired a real estate agent, you do not have to leave all the marketing up to your agent. You can advertise the sale of your property through social media. Send the listing to your family and friends. It is possible that someone you know might be interested in purchasing your property, or someone they know could wish to make the purchase.
Ensure that Your Home is Ready for Sale
Your home should be prepared for sale by decluttering and keeping some personal items out of sight such as pictures of your children. Although you love to see images of your children in their sports uniforms or at family outings, it is the home you want to promote. If you have pets, make alternate arrangements for them. Personal distractions can hurt rather than help in attracting potential buyers.
Show Your Home
It is wise to allow agents to use a lockbox instead of making appointments. This decision can speed up the sale process because more people are able to see your home in a shorter length of time. If it is necessary, conduct an open house; however, this approach should be seldom used.
Consider Accepting Repair Requests
Although it is not totally necessary to accept a buyer’s request for repairs, refusing to comply could result in your buyer canceling the contract. If the repair is not overly costly, it might be wise to accept the request. You can request a copy of the home inspection report if your buyer requires repairs. Should you choose not to make repairs, it is possible that your buyer will accept some type of closing cost credit. Also, make sure to remember any type of home warranty you may have invested in your house to prevent any of these extraneous costs. Have you used your warranty to mitigate repair/replacement costs? It could be something that could help you not only add value to your home, but also ensure that it won’t make it costs any less than what it’s worth.
Some sellers do not consider many of these steps which can result in either failure to sale, or only obtaining a low price for the property. The steps mentioned above can make your selling process much smoother.
Contributed posts are advertisements written by third parties who have paid Woman Around Town for publication.