Selling property is an adventure. You have to learn the ropes, from gathering information about the property to staging it for potential buyers to admire.
Hiring a reliable agent is crucial to your success
You should seriously consider hiring a real estate agent. You’re hiring one not just to do the footwork but, more importantly, for his expert knowledge and skills. You can leave the nitty-gritty details to him while you make the big decisions.
Gathering the documents is just as vital
In your haste to achieve your goal – to sell my house fast Miramar, for instance – you will likely forget the legal paperwork that comes with it. Your agent, fortunately, will take care of most of the tasks related to that, although you will also have your fair share of the work.
The necessary documents include but aren’t limited to:
- The property title and other encumbrances
- The age of the roof and its warranty
- The age of the furnace, central air-con, and water heater, and their warranty and instruction manuals
- The dates of home improvement projects and their legal paperwork
- Pay-off balance and mortgage balance
- Instrument survey
While there are general rules for selling property, there are always exceptions. Keep in mind that every real estate market has its unique characteristics, such as the differences between New York and Washington, D.C. So, the decision when to list the property and make the sale is yours and yours to make.
Tip: The months of spring, from March to May, are considered the best times to sell. But you should evaluate the pros and cons if you decide to sell before or after these months.
Getting the property inspected is an excellent idea
While your inspections may not reveal major flaws, a certified home inspector may disagree. Potential buyers will also likely hire their accredited home inspectors and appraisers to get a general idea of the property’s value.
The bottom line: You’re well-advised to have the property inspected by a certified home inspector before it’s placed on the market. You will then be made aware of the possible repairs that can be done to increase its market value.
Preparing the property is a must
Unless you’re selling as is, and you’re prepared to accept a lower price, perhaps suffer a loss, then you mustn’t skip this part! The property should be ready for the eagle eyes and astute minds of potential buyers who will find flaws in it. Their goal: to ask for a discount based on these perceived flaws.
Setting the right price can mean the difference between selling and failing
You can offer a competitive price based on comparable sales and on the property’s current condition and potential. For example, point out its provenance and its potential for income, if developed for tourists.
These should be your crucial considerations when selling a house. You will find that selling houses become easier with each go, too.