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HouseCenter.Com Tips for Home Sellers

Part I: Introduction

Most of home sellers don't know it is an art, instead of luck, to sell a home.

Question: Do you have any check list to sell a home?
Answer: Yes! We do.

Question: What is your check list?
Answer: Be ready and be an informed seller, gather as much information as you can; Decide whether it is to your advantage to sell your house with a broker or for sale by yourself, especially your sale involves a move to a different city; Familiarize yourself on how to price a house (Rule 101) since pulling a price from "Las Vegas" is almost never successful; Know what you may do something about your house and to bring the highest value to you; Spend time on the preparation of your house; For tax purposes, maintain a record of the home improvement list; Decide whether or not to do a pre-listing home inspection; Make your house as open and clean as possible before the listing; Decide whether or not to provide a home warranty to you and to the buyer; Get options on financial terms, at least as knowledgeable as your buyers; Developing a marketing strategy; Develop a showing strategy; Make sure you know how to deal with offers and sales agreement; Plan your move as early as possible; Know what you will prepare for closing; Prepare some medicine since it is always heart beating to sell a house. Numerous tips are available on specific subjects from HosueCenter.Com, especially on how to get the best sale price and how to get your house sold quickly.

Question: When do I take the house off market if no sales?
Answer: Whether you're in a bone-dry market or a sizzling selling season, if you haven't received any offers on your home you're probably facing the question of whether to take it off the market. A house that goes too long without selling begins to appear "stale" and can actually damage your future chances of a sale. How long is too long? It's not an exact science, but there are some helpful indicators. In a dry market, a sales period of six months to one year isn't unusual. Look at recent sales reports of similar homes nearby to determine a reasonable selling interval. In a hot seller's market, a house that hasn't sold within one month indicates a problem. In either case, there are several steps you can take before putting up the white flag. HouseCenter.Com tips will improve your selling worries.

Question: How to find a contractor to do the repairing job for me?
Answer: While hiring contractors recommended by friends is usually a safe route, never hire a construction professional without first checking him or her out. If your state has a licensing board for contractors, call to find out if there are any outstanding complaints against that license holder. Also, call your local Better Business Bureau to see if there are any complaints on file. If you are satisfied with the answers you find there, interview the contractor candidates. Ask what kind of worker's compensation insurance they carry and get policy and insurance company phone numbers so you can verify the information. If they are not covered, you could be liable for any work-related injury incurred during the project. Also be sure that the contractor has an umbrella general liability policy. If they pass the insurance hurdle, next check some of their references. A good contractor will be happy to provide as many as you want. Finally, don't let yourself be rushed into making a decision no matter how competitive the market may seem. Also, never pay a deposit to a contractor at the first meeting. You may end up losing your money.

Case Study 1: Few years ago, we had purchased a downtown commercial property in Greenville, South Carolina. Previous our purchase, the property set there for three years, the listing price dropped several times from $135,000 to $85,000, and still no buyer coming in. We made an offer then, and got it at $55,000. We sold it four months later in 30 minutes - by using real estate property auction at the price $77,000.

Case Study 2: Few years ago, we had purchased a downtown property in Columbia, Missouri. We got it at $35,000 at a real estate auction. We sold it four months later by listing with a real estate company at the price of $65,000.

Case Study 3: Few years ago, we had purchased a residential property in Greenville, South Carolina. We bought it at $115,000, and sold it by using FSBO (For Sale By Owner) two years later at the price of $147,000.

Please click Part II for more Tips for Seller.

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