You may have reached a decision that you want to sell your home to investors. Here are some points that you must consider before you jump and list your home for sale with any real estate agent or advertise it. Do you have an approval to buy your next house – this should be the first question you should ask yourself before you sell your current house.
Be careful not to sign any contract for selling your house before you are sure that you qualify to buy your next house. You may not qualify for the loan amount you want to buy your next home because maybe your financial records could have changed since the last time you did a purchase. You will get to know what you qualify for by getting a pre-approval prior to selling your current house.
The purpose of the pre-approval is to help you decide whether it is wise to sell your house at that point, and if you do then you need to rent instead of buying another one. You can consider selling your house after you decide on a fair market value for your house. Every homeowner selling their house want to get the best price for their property in the shortest time possible.
As a result, you should not overprice your house because you will not be able to sell your house fast due to limited chances. On the other hand, if you underprice it, then you will get a buyer fast but you will lose out on the bargain. You should engage an appraisal service or an agent to help you to determine the market value of your house.
Knowing the amount that other houses in the hood are being sold for can be another way of finding the fair market value for your home. Regardless of the method used, the one used should help the homeowner to decide on the best and true value of the home so that it is sold fast.
If you want to sell your house fast, you should estimate how much it will cost you to sell it. This includes knowing how much you will be required to pay as real estate agents commission, excise tax for the house sale, closing agent and attorney fees. In addition you should know how much you will incur in advertising the house, property taxes, fuel tank rentals, and home owner association fees.
In summary, it is challenging to sell a house. You simply don’t wake up, publish your house for sale, meet an interested buyer and sell it. You must have a checklist before selling the house which include the procedures that must be done in relation to selling the home.