7 Questions to Ask Yourself Before You Sell Your Home
Selling a house can be an intimidating (but not impossible!) undertaking. It takes some serious consideration to make moving out of your current home go smoothly. If you’re thinking of selling your home, make sure you think over these seven questions before putting up that “For Sale” sign in your yard:
What are the pros and cons of selling your home?
Chances are you’ve been mulling this one over already– but it never hurts to go over the list again. Make a list of pluses and minuses like your work commute time, neighborhood environment, and other things that might change if you leave your current home. The process of selling a house requires significant effort and investment, so you should be sure you want to move before committing to the process.
Is this the right time and place to sell?
The current state of the housing market in your area will have a huge effect on how quickly you can sell, and what price you can get for your home.
You’ll need to do some research on the market prices for houses in your area. Find out which homes have sold recently, and for how much? Which houses haven’t sold, and why not? How much are houses similar to yours currently available for? How many houses are for sale in your area right now? Other factors likely to impact your sale include the job market in your area, whether the local population is shrinking or growing, and whether new developments or attractions are planned near you. While online value estimation tools can be helpful for figuring out your prices, it’s best to verify the information with a realtor.
Is this the right time and place to buy?
Whether you’re moving a few miles away or making a trip across the country, the area you plan to move to is just as important to consider as the one you’re leaving. Look up the same kinds of stats for your prospective houses as your current one, so you can be sure you’re making the right choice.
What repairs or renovations are needed for your home?
When you’re a seller, you’ll likely need to patch up a few things to make your house more desirable to potential buyers. Consider painting unusually-colored walls something neutral, and moving excess stuff into storage. Cleaning up and minor repairs (think wall scuffs, squeaky hinges, overgrown weeds, or pet smells) are a must to attract decent offers, but you may need to do something more extensive.
Especially if your home is an older build, there might be a need for more costly repairs or updates to make your home marketable. It’s a good idea to have your house inspected before the buyers do, so you won’t find any costly unwelcome surprises.
How much time, effort, and money will it cost to sell my home?
Don’t forget to include the cost and effort of the selling process in your calculations! If selling your home takes more investment than you expect, you might have to revise your moving plans. Consider costs you might have to cover like real estate agent commissions, cleaning services, house repairs, or legal fees. Your circumstances might also make it important for you to sell the house quickly, which can mean accepting a lower price.
Who will sell the house?
Another thing worth thinking about is who is going to do the work of selling your house. If you plan to sell it by yourself, you’ll need to price and advertise your house, as well as handling all the documents and legal concerns. If you don’t have experience, you might be at a disadvantage listing your house as “for sale by owner.”
Alternatively, you can hire a realtor to help you– finding a competent, trustworthy agent may seem daunting, but with KKHomes, it doesn’t have to be difficult! Having an expert working on selling your home will make the process go more smoothly, and can help you secure a better price.
What documents do I need?
When you’re getting ready to sell your home, make sure you’ve got the paperwork on hand that you might need to reference. If you have papers like your deed, utility information, tax information, and mortgage documents at the ready, you won’t be scrambling for them when the need arises.
When you’re getting ready to sell your home, make sure you’ve got the correct paperwork on hand for reference. If you have papers like your deed, utility information, tax information, and mortgage documents at the ready, you won’t be scrambling for them when the need arises.
Ready to move forward? Let us help! You’ve put a lot of thought into selling your home. Adding our expertise into the mix is a recipe for success. KKHomes is proud to be the top-selling real estate team in Staunton, Waynesboro, and Augusta County. You don’t have to just take our word for it either: read the glowing recommendations of our satisfied homeowners here! For any questions you might have, contact us. We look forward to helping you!