David Lader discusses 4 Common Questions About Selling A Home
Selling a home, much like buying a home, can be an arduous task filled with pitfalls and hidden difficulties. In this short article, David Lader will discuss the 4 most common questions he has come across when selling a home as well as buying them from private sellers.
How can I determine what my home is worth?
One of the best methods you can use to determine the value of your home is to get an appraisal. While appraisals sometimes have a large upfront cost, but it is worth it because an appraisal can be upheld in court. Expert appraisers will evaluate your home from a number of aspects including location, size of the home, and other factors.
It is also possible to do your own price estimate, however there is a lot of work that goes into it and it is better in many ways to have a professional handle the appraisal, as there are many aspects of the process which can be missed if you are not trained.
How should I prepare my home for sale?
There are a lot of steps involved in preparing your home for sale. The first thing to keep in mind is that how you live in it on a normal basis and how you live in it when you are selling your home may be two completely different things. You will want to thoroughly clean all rooms of the home and make sure there is not too much clutter, as this will make it difficult for potential buyers to see the home itself, rather than the items in the home.
Besides the interior, you’ll also want to tidy up the outside of the home. Many potential buyers will make judgments as soon as they see the home, so you’ll want to put the best foot forward.
Is it necessary to perform repairs to the home before I sell it?
If there are minor repairs which can be made to the home, it is usually a good idea to make those repairs before you put the home on the market. Potential buyers will most likely try to negotiate a lower cost to cover any repairs they will have to make once they own the home, or even back out of a purchase if too many problems are found during an inspection of the home / property. If you choose not to repair any problems, you will need to disclose these to the buyer so that they can prepare for dealing with them.
What must I disclose?
There are certain things which will need to be disclosed to any potential buyers interested in your home. These can include, but are not limited to, the following: any local building codes the home does not meet; local zoning ordinances; broken or damaged appliances; plumbing / electrical issues; and even neighborhood issues like noise problems. It is better to be honest about potential problems with the home or property up front, rather than let the buyer discover them on their own, as this will not only create distrust between the buyer and yourself, but is unfair to the buyer of your home.