A home is a valuable asset,
which means that if you want to sell it, you’ll want to get as much money as you can for it. The following are five home selling tips that will help you get the most out of your house:
- Make necessary repairs – If you don’t repair the issues your house has, then you’re basically selling it “as is.” Most buyers will make an offer lower than the asking price if they notice that there are repairs to be made — if they decide to make a bid at all. After all, not everyone will want to deal with repair work once they buy a house.
- Invest in the curb appeal – Creating a good first impression is essential to convincing buyers to pay the asking price. Clean the windows, siding, pavement, and yard. Cut the lawn and trim the bushes. Consider investing in a few visual touches, such as repainting the house or planting colorful flowers.
- Clean and declutter the house – Your house will feel less valuable than it is if it’s messy. Declutter your home and clean it from top to bottom.
- Stage your house – An empty house often feels smaller than it is. By staging it, you can not only show buyers how each room can be set up, but you can also use high-quality furniture to make the home feel like it’s more valuable.
- Use a real estate agent – A real estate agent can be extremely in several ways. They can help price your home correctly, they can help stage your home effectively and they have an entire network of real estate agents that they can leverage to find motivated buyers.
Once you’ve made an offer on a house, you’ll want to schedule a professional home inspection. A home inspection is a visual evaluation of the house that identifies any problems or potential problems that could end up being costly to repair or replace. Basically, a home inspection helps protect you from buying damaged goods. The following are a few tips for ensuring a successful home inspection:
- Hire a reputable professional – Not all home inspectors are legitimate. Make sure that when you look for a professional home inspector that they are fully licensed to perform inspections within the state. You should be able to look up customer reviews as well. You should also find out how long they have been working as an inspector and what they did before. It’s usually a good sign if they used to be a contractor or builder.
- Be present at the inspection – Make sure that you go through the home inspection with the inspector. This will allow the inspector to explain what issues they are looking for, what kind of issues they’ve found and how problematic those issues are. While all of this will be included in the final report, it will be easier to understand if you’re told in person. Being there will also allow you to ask questions on the spot.
- Use your seller’s disclosure statement – Sellers are required to disclose everything that they know about the house. Provide the inspector with this statement. They’ll be able to look at known issues to see how bad they really are and to determine if there are other related problems.
These are just a few tips that you should keep in mind when scheduling a professional home inspection.
If you’ve decided to sell your house, don’t try to save money by neglecting to hire a real estate agent in Fort Mill. Many owners attempt to save money by selling their house on their own. However, you’re more likely to lose both money and time doing so. The following are a few reasons why you should use a real estate agent to sell your house:
- They will determine the proper value – Pricing your house accurately can be challenging. If you price it too low, you’ll lose money, but if you price it too high, nobody will buy it. A real estate agent has the experience and expertise in regards to the local real estate market to help you price your house accurately.
- They will help find motivated buyers – You might live in an attractive neighborhood and your house may be in top-notch condition, but if you can’t find buyers, it’s going to take a long time to sell. Real estate agents have connections with other agents and buyers, which means that they can bring in buyers that are motivated to look at your home.
- They will help stage your home – Real estate agents know exactly what buyers are looking for and how to present a house in its best light. You’ll want their professional know-how to help stage your home for showings.
- They will provide professional guidance and advice – Whenever you have questions or major decisions to make, you’ll be able to turn to your real estate agent for help. Without an agent, you’re more likely to make decisions that you might regret later.
As you can see, a real estate agent plays an important part in selling your home.
Once you’ve made the decision to invest in a new home, odds are you’ll do a little bit of research on your own in search of helpful home buying tips. However, there are a lot of misconceptions and half-truths out there that you don’t want to fall for. The following are three common home buying myths to watch out for:
- You have to put down 20 percent – You will need to pay a down payment; however, it doesn’t necessarily have to be for 20 percent of the home’s price. If you’re able to, then you should. However, there are loan programs that only require 3.5 or 5 percent down payments. You’ll just be required to pay for mortgage insurance if you can’t put up 20 percent.
- A 30-year mortgage is the best option – When comparing 30-year mortgages to 15-year mortgages as well as other terms, you may think that a 30-year is your best option since it will cost less on a month-to-month basis. However, there are a few factors to consider. First of all, while you may pay less month-to-month on a 30-year loan, you’ll end up paying more in interest over that term. Secondly, a 30-year mortgage only makes sense if you’re planning on staying in your house long-term.
- Buying a house is a great financial investment – Buying a house is more affordable long-term than renting and you’ll be investing in an asset. However, it’s important to understand that you shouldn’t be investing in real estate if you expect to make large long-term profits. Homes in the U.S. only appreciate around one percent above inflation. Buying a home is a good investment, but not for that reason.
These are three common home buying myths debunked. Contact us at Randy Lindsay for more professional home buying tips today.
One of the most important home buying tips that any real estate agent will give you is to hold off on signing on the dotted line until you’ve had a professional home inspection done on the house. The following are a few reasons why a home inspection is so important and why you should insist on one:
- The house may be a money pit – Just because the house looks like it’s in tip-top condition on the surface doesn’t mean there aren’t any hidden problems. A professional inspection may reveal a faulty foundation, plumbing issues, problems with the wiring and other potentially costly problems that you don’t want to be stuck with when you buy a house.
- It may help improve your bargaining power – Things that may be uncovered during a home inspection could potentially be used towards your advantage when negotiating with the seller. For example, maybe the furnace is a lot older than you thought, which means that energy costs are likely to be higher than normal and that it’s likely going to need to be replaced in the near future. You may be able to get the seller to lower the price if you have information like this to bargain with.
- The seller may perform needed repairs – Because you don’t want to move into a house that’s on the verge of falling apart, a home inspection will allow you to figure out exactly what’s wrong with it. You’ll usually be able to get the seller to make those repairs before you purchase the house, or at least to remove the cost of those repairs from the total price.
These are just three of the reasons why you should get a home inspection before buying a house. Being insistent can really pay off, or help you avoid a bad situation altogether.