3 Things You Should Know Before Selling Your Home

Selling your home is a life-changing process that can be prompted by unforeseen circumstances. You could be moving into a smaller home after your kids have left the nest, relocating for a new job, or simply looking to purchase a new property. Regardless of the reasons for why you're planning to sell, you should remember these 3 important tips before you put your house on the market.

1. Attend Open Houses. You should visit the open houses within your community to assess your competition and determine if your home is comparable to other properties on the market. This will also provide insight on any repairs or upgrades your home may need in order to sell. 

2. Interview Different Realtors. Speak with at least 2-3 realtors, even if they were referred to you to make sure that they are a good match for you. You want to make sure that your realtor genuinely cares about your home. It's also suggested that you research their market strategies to learn more about how they are going to market your home and how they have sold homes in the past.

3. Know Your Exit Strategy. Make sure you have a plan for when your house sells! Consider these questions:

  • Are you going to rent?

  • Are you going to relocate?

  • Are you going to purchase another house?

  • Are you up/downsizing?

Understand what is available to you considering your circumstances and what is best for your family. It's always best to have a plan of action before putting your home on the market.

To learn more about your options contact Qulia Bryant today for your selling needs! Call us: 833-704-HOME or receive a Home Valuation to begin the home selling process!

 

Learn How To Sell Your Home

There are some companies who offer to buy your home for quick cash and no-hassle, but did you know that they could only be offering between 60% to 80% of your property's market value?

These deals may sound appealing, but you could be losing out on a substantial sum of your investment. Companies who advertise on billboards and signs on the side of the road are often looking to target sellers who are going through significant life changes and hoping to sell quickly, such as:

  • Sellers who are relocating for a new job

  • Sellers who are experiencing bankruptcy

  • Sellers who can't sell their homes

  • Sellers who are divorcing

  • Homes in foreclosure

  • Homes that are vacant

  • Homes that are damaged

These types of buyers may prey on homeowners who find themselves in a complicated and stressful situation. They might try to convince a seller that working with an agent will cost them more but sellers may actually earn more by hiring a listing agent which often results in as much as 125% of a home's fair market value.

Another strategy these companies use is offering to take the title “subject-to” your existing loan. Subject-to allows buyers to purchase a property without undergoing a credit report or assuming a loan from a bank resulting in a faster closing time on a financed home. This allows the buyer to become a homeowner and they will also agree to taking over your mortgage payments to your lender.

This sort of agreement is often discouraged by lenders who have written clauses to prevent buyers from taking over someone else's mortgage. If you agree to sell your home to one of these types of companies, you could still be held accountable for the mortgage payments as the original borrower if the buyer misses payments or goes under foreclosure.

It is always best to consult with a home selling specialist before selling your home. We educate you, we don’t cheat you. To learn more about your options, contact Qulia Bryant today for your selling needs! Call us: 833-704-HOME.

Source(s):

https://www.thebalance.com/we-buy-houses-for-cash-is-it-for-real-1799045

https://www.thebalance.com/buying-subject-to-an-existing-loan-1798423

https://listwithclever.com/real-estate-blog/how-does-we-buy-houses-for-cash-work-and-why-to-avoid-it/

https://www.carletonsheets.com/resources/articles/strategies/1031-exchanges-articles/what-you-need-to-know-about-subject-to-real-estate.html

https://www.groco.com/readingroom/realestate_subjectto.aspx

https://www.jwbrealestatecapital.com/what-is-subject-to-real-estate/

 
 

Six Steps to Selling Your Home

  1. Choose the Right Listing Agent. The right agent is a professional who is knowledgeable about the market and will get you the maximum value for your property.

  2. Determine Property Value. A home appraisal provides a professional estimate on the value of your property. This will help determine the price of your property in the current real estate market. The value of your home may also be affected by supply and demand; therefore if there is a high demand for properties but fewer homes on the market, the higher a property seller can demand in price for their home.

  3. Get Your Home Show Ready! Buyers will appreciate a well-maintained home, so it’s highly suggested that you consider a professional deep clean, fix minor repairs, and even invest in a fresh coat of paint. These simple tasks can leave a lasting impression to help sell your home! Learn more tips from our post on “Preparing Your Home For The Sell!”

  4. Market Your Property. Your home won’t sell if potential buyers don’t know that it exists! Get your home on the MLS service and have open houses to get your home seen.

  5. Buyer Showings. Have as many buyers visit the property as you can.

  6. Negotiate and Accept Offer. Congratulations! You’re now under contract to sell your property and get if off the market.

To learn more from a qualified and experienced agent, contact us! Call: 833-704-HOME or email Qulia Bryant via quliasells@gmail.com for specific needs.

Don’t forget to check out our video on the “6 Steps to Selling Your Home” for more tips!

Source(s):

https://smallbusiness.chron.com/assess-market-value-property-735.html