For most people choosing to buy a house is a crucial bit of financial planning. However, people tend to underestimate the importance of planning when it comes to selling a house. For most home-owners, once they get the “time to sell my house” track on their minds, they tend to underestimate the processes involved. But before you list your property, you need in-depth research about your locality, independent property valuations, marketing and promotions and understanding who to trust
Research your location
A key bit of selling your house is, understanding the locality. Now, if you’ve lived there for some time, you might already be aware of the basics, but it still does not hurt to understand how long a comparable house traditionally remains listed in the locality and what kind of buyers are interested in purchasing in the region. A comparable house is a property with a same number of rooms and features as your house and is located at a similar location. Understanding the temperament of buyers interested in such a locality will help you later on during negotiations.
Know the best reasonable price
The value of a reasonable price might vary from person to person. So sell my house fast track doesn’t seem wise here as it may lead to a big loss. Hence, your property should be valued by an expert professional. Better yet, get is valued from two-three different sources to understand a fair value range. Do not forget to consider the current market temperament while creating an expectation of the sale price. Depending upon market situations, prices might go up or come crashing down. The location also plays an important part in creating a fair asking price for your property, since not all areas are equally in demand. So, instead of putting the house up for sale as soon as you have that “sell my house” idea, it’s best to get all your information in place.
Interviewing real-estate agents and property buying companies
There is numerous property buying companies and real-estate agents around. And all promise the best prices and fast turnarounds. But who do you trust? The first step to contracting real-estate agents and property-buying companies is interviewing them. Talk to their teams and the people who’ll be communicating directly with you. Research a bit about them from online sources and try to get references as well. Choose the option that suits you best.
Interview repairmen and handymen for sprucing up the house
Unless it’s an all cash deal, and you’re looking to accept an offer which might be a bit below the market rate, you would need to refurbish the house. This would ideally involve painting, landscaping and electrical or plumbing repairs if any. Instead of hiring the first guy you come across interview possible businesses/candidates and seek references from them. Verify the kind of work they do and hire the best possible guy for the job.
Take note of your taxes
Most economies have robust legal and revenue laws that need home-owners to pay tax after the sale of their house. This is a step most home-owners tend to overlook and can end up costing them a lot more with penalties and such if the concerned department finds out. So, research the tax laws in your state and country and be sure to consult a professional on the same.
The next time you’ll need to “sell my house”, you have your work cut out for you.