Hello World! Welcome Friends! Every so often there comes a time when someone has to decide on big decisions, such as moving away, getting married, or having children. The question of where you plan to live is a big one, cobbled up together with many others – what if you’re offered a job in another state and plan to continue your life there? What if you decide on having a family and want to permanently move to a more peaceful surrounding?
Many of those decisions have an underlying note that your current residence is not enough, and selling it might fuel your plans. But preparing a house to be sold is a project in itself and requires careful planning – investing carefully, but not too much, reaching out to potential customers, but not losing too much time in negotiating, getting the best possible price for the least amount of effort. So if you’re planning on selling your house – take a look at this handy guide.
Determining Its Value
The very first thing a potential buyer is going to ask or look for is the price tag attributed to the house. And to determine this you have to apply the rule of 3 Ls – location, location, location. It’s blatantly obvious – the same size of real estate in Salt Lake City will be far more expensive than in Logan, or in whatever smaller environment. This, however, is affected by simple supply and demand. In more densely populated areas, there is a higher demand for space than in those more desolate.
The next key factor is the house itself – how large it is and the condition it’s in. This is best done by a real estate agent, who will be able to give an approximate price based on both factors.
The price will also depend on the payment method you choose to go with. Clay County property owners are often reaching out to a “we buy houses in Middleburg” for cash company because it rids them of any complications and too much paperwork. This approach is more convenient and faster, but can also lower the overall value.
Make It Spotless
It is a well-known fact that clean houses sell faster than dirty ones. This is probably the best investment you can do to a house when preparing it for a customer. Consider employing a window cleaning company to give it the best possible shine, as a lot of natural sunlight is also very attractive for would-be buyers. Dirt on windows is very easy to spot and can give the wrong impression before even seeing the whole house and its best parts.
It is also good practice to keep the house occupied but spotless nonetheless, even while it’s being sold, as a feeling of “comfort”, certain smells, warmth, and above all – security, are all beneficial in getting a better price.
Fix Essential Flaws
If the house is not in extremely bad condition and only good for demolition – then keeping it in good shape is essential not only for current but for future residents as well. A leaking roof or faulty plumbing is a pain to live with, but also a great leverage point for a potential customer to use while negotiating a better price for them. Not giving them the opportunity means securing a better deal for yourself, the owner.
These things are probably the biggest investment you have to undertake, and you need to do your math. If, for example, repainting the rooms cost you 500$ in paint and tools and takes some 20 working hours to accomplish – will you be able to sell the house for more than that in the near future?
Gather All Documentation
Whenever a real estate needs to change owners, there is a lot of paperwork that needs to be filed and exchanged.
- Original sale contract
- Records of home repairs
- Mandatory disclosure agreement
- Contingency removal form
Etc, etc. Most of these things will be done by a real estate agent, if you hire one, as it is exactly in their job description. But some things are beyond their reach, such as knowing the history of the house, its plans, and repairs – something you have to either have already or find an architect who will be able to make the blueprints for you.
A house without all the paperwork is not only unattractive to the buyer but is also impossible to sell. It is a nuisance, everyone knows that, but something that has to be in perfect order, so the transaction can be completed.
Most people will sell and buy only one house in their lifetime, if ever. It is a huge step for many and not one to be taken lightly. Especially considering the huge costs of real estate in the US, it is not surprising that people sometimes devote even a whole year to getting everything ready and spotless. But fear not – if there’s a will, there’s a way, and every product finds its customer.
Click the links below for any posts you have missed:
Looking For Supplies For Your DIY Project?
Planning To Sell Your Real Estate?
Here’s How to Find the Right Lawyer
Planning to Sell a Damaged House?
What Foods Would Keep You Warm
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Toodles,
[…] World! Welcome Friends! You might be thinking about selling your property. Before you open your home to viewings there is a long list of things you must do to get everything […]