Are you considering selling your home? If so, you should know that there are good and bad times to make this move. There are a number of factors that you need to keep in mind before you put your home up for sale. In this article, we’ll go over a few of the key considerations that should guide you as you mull over this very important decision.
Make Sure Your House is at its Highest Value
The first thing you need to do is make sure that your home value is as high as possible. You want to sell your home for a considerably higher amount than you paid for it. There are a number of things you can do to ensure that this is the case.
A timely course of renovations should be high on your list. You don’t have to spend a great deal of money to increase the resale value of your home. Simple things like replacing the faucets in your kitchen and bathroom and maybe redoing the tiles in both areas should suffice.
If you have a bit of money to spare, you could even consider adding a deck or patio to your home. This is an especially good move if you happen to live in a scenic area such as by a river, lake, or canyon.
It also helps to live in a neighborhood where home values are high. The better the quality of the neighborhood, the more you can charge for your home and the faster you will be able to sell it.
Make Sure Interest Rates Are Low for Home Buyers
Another important factor to keep in mind is that it’s always best to sell when the market for home buyers is at its most inviting. Keeping track of interest rates is a wise precaution. The best time for people to consider buying a home is when interest rates are at their lowest.
The reason for this is simple. The lower the rate of interest a bank charges for a mortgage, the easier it is for a home buyer to get one. This means that you will get more and better offers for your home. Instead of spending a year on the market, you may be able to get it sold within a matter of a few weeks.
Make Sure You Deal with a Professional Real Estate Service
When you decide to sell your home, you have a number of options in front of you. You can go the “For Sale By Owner” route and try to unload it all by yourself. This will mean putting out a sign on your front yard and maybe doing a bit of advertising in your local “Thrifty Nickel” publication.
The problem with this approach is that it is much more of a crapshoot than it would be if you listed your home with a professional real estate service. You have to depend on local home buyers who may be inclined to buy your property but not at the price you have set for it.
Instead of wasting weeks or months haggling with potential buyers who want to talk you down to the lowest possible price, you’re better off listing it with a real estate agency. These are the pros who can list your home on the web and get it noticed by a much wider audience.
At the end of the day, it’s up to you to make the choice on how you wish to proceed. Listing your home with a professional agency has advantages that the “Do it Yourself” method cannot match.