4 Questions to Ask Before Selling a Home
Selling your home is probably one of the biggest financial tasks that you'll have. It requires a lot of planning, so before you decide to list your home for sale, here are four questions to ask yourself.
1. What is My Home Really Worth?
There are many factors that go into determining your home’s market value. Some of these include the condition of the home, the square footage, location, amenities, and most importantly - recent comparable property sales. For a quick analysis of your home’s current value, you can enter your address into a free online value estimator tool. Another option is to look at property tax bills to get your home’s tax assessed value, (that is just a percentage of your home’s value.) If you know your state’s assessment rate, which is usually between 80 and 90 percent, you can estimate fair market value by dividing your tax assessed value by that assessment rate. That wouldn't be my first choice, however. To get an accurate home value assessment, contact me.
2. How Do I Sell My Home for the Highest Price?
There are several simple things you can do to boost the value of your home. It's important to eliminating clutter, wash windows and walls, and install higher wattage bulbs to create a brighter environment. Some bigger projects, like adding bedrooms and renovating kitchens & baths will usually yield more substantial increases in your sale price. Staging your home, which helps paint a picture for how buyers will use their new space, can also add value. Contact me for more advise on staging your home.
3. How Long Will My it Take to Sell My Home?
The amount of time your home stays on the market depends on several factors like, how competitively your home is priced, and how aggressively your home is marketed. If you want to speed up the sales process, don’t underestimate the value of staging. Research shows that well-staged homes can sell up to 32 percent faster than homes that aren’t staged.
4. How Can a Realtor Help?
A real estate broker helps with every aspects of the selling process, from pricing to marketing to handling the intricacies of closing. I will negotiate on your behalf to secure the best price – and quickest sale – possible.