7 things to think about when selling your home
#1 Determine how much your home is worth.
Determine the market value of your home. Your REALTORŪ can provide you with a Market Analysis of homes in your area. This gives you an excellent idea of what your home is worth.
#2 Estimate Your Costs to Sell
Real estate commission
Attorney and/or title and escrow fees.
Prorated costs for your share of annual expenses, such as property taxes, home owner association fees, etc. Any other fees typically paid by the seller
Your REALTORŪ deals with transactions every day and can give you a close estimate of seller closing costs.
#3 Estimate Costs to Buy a New Home
Calculate moving expenses, loan costs, down payment, home inspections, title work and title policy, paying for a new hazard insurance policy--all expenses related to buying a home. Your lender should give you a disclosure of estimated costs when you apply for loan pre-approval.
Your REALTORŪ will verify all applicable fees with the title/escrow company of your choice.
#4 Calculate Your Estimated Proceeds
Deduct your mortgage payoff from your home's fair market value.
Deduct your costs to sell from the remainder to get an estimate of the proceeds you will be paid at closing.
*Will your closing proceeds cover your costs to buy a new home? If not, do you have cash or other funding to make up the difference?
Your REALTORŪ can assist you in estimating different equity scenarios. Bearing in mind that the figure will fluctuate according to the offer that you accept on the property.
#5 Make all necessary repairs
Make all needed repairs unless you want the house to be regarded as a fixer- upper. This does not refer to cosmetic updates--just items in need of repair. Anything that's obviously broken gives potential buyers a reason to offer you a lower price.
#6 Get the house ready to show.
Most houses need at least a little sprucing up before they are shown to potential buyers. Great curb-appeal, fresh paint indoors (and sometimes out), organized closets and cabinets, sparkling clean windows and appliances and a clutter-free look are essential if you want the house to appeal to buyers.
Your REALTORŪ knows how to assist you 'stage' your home so it can appeal to the broadest range of buyers.
#7 Get Psyched Up to Let People In
When you list with a real estate agent, he or she will ask you to leave when the house is being shown. Why? Because buyers get nervous when sellers are present. They won't feel comfortable inspecting the house if they feel they?re invading your personal space.
Make the house accessible. That means it should always be ready to show. Many agents won't bother showing a house that takes 24 hours to get into. A courtesy call with approximately 1 hr notice or less is ideal.
Your REALTORŪ is experienced in helping Tucson area Home Owners sell their homes. We will provide the tools, advertising, technology and know-how to get the job done.