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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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