Feb
04

The Pros and cons of Selling your home

Moving is always a difficult thing to do, and having to selling your current home will only add to the difficulties. It doesn’t matter how much you are looking forward to moving to your new home, it can still be a very stressful process.

Being able to quickly find a buyer for your home is the ideal situation.

However, having an unoccupied home that you have to continue paying for can become a  serious financial burden for you, especially when the selling process drags on for a long period of time. Selling your current home before you have to begin paying for your new home is the best choice for your bank account.

 There are many tips that experts boast about that claim to increase your chances of unloading your home quickly. But few compare the pros and cons of different ways you can sell your home.

Choose the right method for you when  selling your home.  Below are some essential tips to help you decide the best way to sell your home.

 Real Estate agents are  still the most common way to find a buyer for your home. Real Estate agents are the best choice for homeowner trying to sell their home while accomplishing countless other things.  Many home sellers are also uncomfortable dealing and negotiating with buyers directly.

 A good Real Estate Agent can eliminate a lot of the stress of  selling your home by dealing with potential buyers and much of the paperwork that comes with selling a home. However, it can still take months to sell your home with a Real Estate Agent if your home isn’t marketable.

Good Real Estate Agents are specially trained to handle the intricate details associated with selling your home. There are many aspects of home selling that an average seller might not be aware. Problems often arise during the sale of a home that can be very troublesome for Real Estate Agent (let-alone homeowners). Working with a trained  Real Estate professional can help alleviate much of the stress that comes from the uncertainty of not knowing what to do next.  But whatever you do, remember, it is always a mistake to hire a Real Estate Agent solely on the basis they gave you the highest valuation for your house.

Please repeat the sentence in bold above until memorized. Figures don’t lie, but liars figure.

 Many homeowners choose do to a FSBO (For Sale By Owner) because they want complete control over the process of selling their home and any other details that affect such a significant investment.

FSBO (For Sale By Owner) can be a very time consuming process and thanks to the internet an increasingly popular choice as more home sellers are trying to find cheaper alternatives to Real Estate Agents. For those who do decide to pursue selling their own home, there are many facts to consider.

Determing the valuing your home is the first step. Too many sellers simply “think of a number” and fail to do sufficient market research . Others refuse to be realistic regarding what their house is worth. Once you determine what value you want for your home, the next logical step is to begin marketing and showing your house.

 Whenever showing a home, make sure that it looks great and smells fantastic. A clean, nice smelling house is essential. A house with a  lived-in look is passable as long as you take steps to depersonalise some of the clutter.  Scented candles, home baking, and fresh coffee can all help. 

 Potential buyers intimidate many private sellers. Experienced Real Estate Agents are specially trained to find out information  about a buyer without being direct or offensive. It can be very embarrassing for a seller to have to be so intrusive, but it is important for them to qualify buyers. You can prepare a list of questions in advance. If you’re on good terms with amortgage broker ask them to help you prequalify your potential buyers.

 The last option for selling your home is to sell to a cash property buyer. Typically, these are investors or developers who specialise in quick cash house sales. They work quickly and can make it possible to sell a home in a very short span of time, typically less than a month.

 People who need to sell their homes quickly have a whole host of reasons for doing  so. Some of these include bankruptcy, divorce, a broken sale chain or a sudden move. In some cases there are further complicating factors which restrict the alternatives open to the house seller. These include high levels of debt and house repossession or a desire to sell the property but to then rent it back.

 Cash property buyers tend to fall into categories. Some tend to focus on quick property sales and run their businesses according to strict investment criteria. This restricts the types of properties they buy or the nature of their offers. Others are more consultative in style and  claim they will help you fix your financial problems.

 As with any property sale, always be suspicious of offers that sound too good to be true.