Top Considerations When Planning to Sell Your Home

15 May

Top Considerations When Planning to Sell Your Home

Selling a house may sound easy, but it actually involves thorough preparation, commitment, and effort. Aside from the legal details and paperwork that come with home transactions, there are also other factors that home sellers should consider when deciding to sell their property. Working with an experienced Realtor is hugely beneficial because they know the ins and outs of what is involved and prevent important details from falling through the cracks.

First of all, it is important for home sellers to know how much their property is actually worth. Your home’s worth is usually gauged by factors such as features, square footage, condition, and location. A Realtor can provide you with information regarding the current market conditions, how your home should be marketed, and how it should be priced.

Once you determine your home’s worth, then it is time to start preparing your house for sale. You need to arrange for the settlement of any mortgages, lines of credit, and loans against the property. You also need to prepare yourself to be able to cover basic transaction closing costs if the buyer makes it a condition of their offer and agent commissions, as sellers are usually the ones who pay those. In addition, you have to make sure that your proerty is “sellable” and in good condition. Most people don’t want to buy a house that will immediately require a big investment in repairs.

Once your property is ready, you can begin marketing your home to buyers. Providing information is a key aspect of marketing your home. This is often where sellers commit mistakes because they don’t provide enough information about the property in their ads. Aside from needing to catch the attention of potential buyers, you have to place yourself in the home buyer’s shoes and think of what you would like to know about the property before you considered buying. Pictures are also important.  This is another area where it is hugely beneficial to work with a Realtor who is experienced and understands how to market homes in a way that will garner a lot of attention and help them sell quickly.

Jennifer Fields
Oklahoma City & Edmond Real Estate Agent
405.330.0031

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