Selling

Preparing to sell a home is often a difficult task. In many cases, it would be advantageous to begin preparations as much as 3 months before listing your home. Though you will have an agent doing the work of selling your home, there are things that only you can do to make the process less chaotic while maximizing your value.

Take Care of Disrepair

The longer you’ve lived in a home, the more likely it is that you’ve overlooked simple maintenance and small projects you wished you’d kept up with. These minor projects and upgrades are a few suggestions to help your house standout.  They don’t require much skill or money to complete, but if you’re not comfortable doing them yourself they can always be hired out. Either way, waiting till the last minute will add unneeded stress and in many cases make obtaining materials or labor more expensive.

Leasebacks

Moving from one home to another can create a logistical nightmare. Often you need the capital from the home you are selling to buy your next home.  In a competitive buyers’ market, being a contingent offer can make it difficult to be taken seriously.

One way to avoid this is to negotiate a leaseback with the buyer, which will allow you to stay in your home for a period of time after closing. This makes it less stressful to plan for moving because you don’t have to have all of your earthly possessions packed up on the day of closing, praying that nothing comes up. Negotiating to stay in your home for just two weeks can make transitioning to whatever is next much less stressful.

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Have an Idea of What Your Home is Worth

With sites like Redfin and Zillow, you can get an idea of what your home is worth. While it’s not a guarantee, it is a good way to be prepared to interview potential listing agents as well as determine if the projects mentioned above make economical sense. Having an idea of value can help you work with your agent to list your home at the best price. An overpriced home could alienate your target market and reduce demand while an underpriced home will result in not maximizing your value.

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