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Tips for Successful and Profitable Selling of Your Home
Any person
will consider owning a home is as an investment. However certain people
are in the habit of building home and selling it to others to make some
extra money for obvious reasons.
There are
other categories of people who sell their homes after a stay of considerable
period of time and they may sell for various reasons.You may even come
across cases where Americans selling their homes even within two weeks
of their possession.
As any home
selling is a two pronged approach, say it is selling from your angle and
buying from the buyer’s angle, you need to consider many things and
let us see few favourable tips for a successful selling:
Tip Number
1: Before displaying a “For Sale” card, prepare your home.
Carry out
few inexpensive cosmetic changes and repairs so as to project a better
view in the eyes of the buyer. Tidy up the lawn and the home surroundings.
Clear off all your clutter and if possible put a fresh coat of paint over
dull areas of your walls.
The general
idea of any buyer will be to look for a home that is clean and well maintained
and they would like to occupy the home immediately.
Tip Number
2: Fix a Reasonable and realistic price to get your home sold fast.
It is more
important to fix a right and realistic price for your home so as to see
it getting sold out earlier. Collect information in your neighbourhood
and ascertain the prevailing price.
The selling
price depends on the condition of the home and greatly influenced by marketing
conditions also.
Tip Number
3: A good Advertising will never disappoint you.
In any selling
activity, be it any kind of product, a good quality and well thought advertisement
will catch the buyers’ attention quickly.
There are
so many avenues for advertising your products including your home and
you can make use of the websites for posting your advertisements carrying
pictures of your home.
Tip Number
4: Arrange for an Open House and try to sell your home.
Arrange and
conduct an open house and invite all your neighbours, relatives and friends.
Utilise the opportunity to take them around and explain the best features
of your home and the probable price.
The news
will spread by word of mouth and soon you may be flooded with enquiries
from many people.In any real estate deal, negotiation makes a great part
and you cannot just remove the act of negotiation from the real estate
deals.
Again the
following tips can prepare you well and as well as adeptly negotiate in
an adept with the buyer:
• Keep
ready many counter offers on hand while selling your home. If the buyer’s
price doesn’t match your expectation, then you can negotiate with
the buyer in accepting other terms such as buying the home without the
necessary repairs or giving possession along with the unpaid tax liabilities.
• The
process of selling homes is not common among the states. However, you
cannot ignore the most common points as a seller and all such preparatory
work can fetch you a good price for your home.
• Get
ready to buy a new home for you once you dispose your existing home. Get
a pre-approval for a home loan, as after your selling your present home,
you should not end up in renting a home for your stay.
• Consider
your mortgage liabilities while selling your home.
• Seek
the help of a contractor or a home valuer and get your home’s value
assessed correctly based on the present market conditions.
• Calculate
the costs involved in selling your home. Any real estate agent who is
regularly dealing with transactions can correctly estimate the seller’s
closing cost.
• In
advance calculate the estimated cost of buying a new home. Never fail
to take into account the expenses such as shifting expenses, loan costs,
down payment, home inspections, title work and title policy, paying for
a new hazard insurance policy - try to consider all aspects related to
any home buying. You can also make use of the estimated costs calculated
by your lender when you go for a pre-approval of a home loan.
• Carryout
the basic and most necessary repairs as the buyers always look for a home
that is well maintained and cared properly. Make your home give a satisfactory
picture, as any buyer will be interested to move into the purchased house
immediately.
• Get
your home ready to be shown to the prospective buyers. Make all repairs
and finishing touches in advance and once the buyer visit the home, the
home should be in a position to impress the prospective buyer.
• You
should be prepared to let the buyers visit your home at any time. In the
event of your non-availability, arrange for some person who can take the
responsibility of showing the house to the buyers.
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