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Selling Your Home
- Are you ready to sell your home? Beware of "seller's remorse" which may appear immediately after signing a contract for sale. Be sure that you and your family are ready to move out of your home within the time frame in the contract for sale. Consider whether or not your children will be able to remain in the same school for the remainder of the school year after you close on the sale of your home.
- What is your ideal sales price? Ask the Real Estate Broker to do a comparable to determine what the homes in your neighborhood are selling for and consider that amount of the real estate commission when determining a sales price for your home. Before entering into a listing agreement with a Real Estate Broker, negotiate the real estate commission and ask the Real Estate Broker what he or she will do to market your home.
- Is the purchaser seeking financing? If your contract for sale is contingent on the purchaser obtaining a mortgage, you may want to require the prospective purchaser to provide you with a letter from a bank or a mortgage broker indicating that the purchaser is prequalified.
- Where will you and your family live after you sell your home? Do you have another home or are you in the process of purchasing another home? If you are in the process of purchasing another home, you may want to make the sale of your home contingent upon the purchasing of your new home and you may want to schedule the sale of your old home and the purchase of your new home back to back.
- You should also consider what personal property is included in the sale of your home, if any, and whether you are going to sell your home in "as is" condition or whether you are going to pay up to a certain amount of percentage for repairs.
These are only some of the things you should think about when selling your home.
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Home Advice
Get the answers on home selling and buying.
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