Selling your home is a big task that requires a lot of preparation and know how. Take out some of the guess work with these tips.
First, you need to make sure your home is ready to sell.
Repairs
Cosmetic – Fresh paint can go a long way in selling your home. Small repairs such as filling holes, replacing torn window screens or carpets can take your house from a fixer-upper to move in ready.
Functional – Repair any problems with electrical, plumbing, heating or air conditioning. Once these repairs are made it removes a reason for people to reject your house.
Once you have completed all repairs and your home is in tip-top shape you need to figure out how much your home is worth.
Establish a Price
Determining a sell price for your home should start with research of the local market.
Here are the essential steps to establishing a fair market value for your house.
- Check the sale price of recently sold properties. You can find prices through local property records, which are open to the public.
- Getting an appraisal done on your house will compare your house with similar recently sold homes. It can cost as much as $500 but can help you to prioritize your repairs and can give you authority when negotiating with buyers.
- Calculate selling expenses.
List and Market
Your listing should start with taking great pictures of your home. With the transition to everything moving digital, your photos are likely to have more impact than a yard sign. With that being said, don’t skip out on the yard sign. If you want to sell quickly, it’s important to cover all of your bases. Put a for sale sign in your yard, post your home on social networks as well as Realtor.com.
Prepare Paperwork
Once you accept an offer from a buyer there will be plenty of paperwork.
Be prepared to handle:
- Property records, building permits and receipts for the appraiser
- Property records for the title insurer
- Insurance documents
- Mortgage, loan and lien documents
- Related legal documents for financial and estate planning
Selling your home is a big step, even if it’s not the first time. Our Bardstown office handles real estate closings as well as many other estate related issues.
If you have any questions contact our paralegal and Real Estate Guru, Lynn by using this form or giving us a call at 502-233-8385.
