Placing your home on the real estate market is a significant decision. It is not a choice thatshould be made impulsively. Rather, a few factors must be considered before any choice is made. Let’s discuss five questions that every seller should ask before they decide to list their property.
Are there additional improvements that can be made?
Upgrades, repairs, and renovations can increase the value of your home. Even something as small as painting an old leak can help sell the home faster and at a higher price tag.
Is now the right time?
If you are not in a hurry to sell your home, you want to look closely at what the current real estate market is doing in New York. If it is a seller’s market, then call an agent today. If you follow me enough you know I’m not into the “Winter Myth.” If it’s a good home priced well it will sell.
What are my plans?
Once you have sold your home, where are you going to live? Are you looking for a different home to purchase and can you afford another house if you can’t sell your home first? Are you moving to a different city? These details should be established before placing your home on the market. It can be a delicate transaction if you’re selling and buying at the same time – be careful to use an agent who is experienced in deals such as this.
Am I willing to stage my home?
Staging your home allows you to attract and impress potential buyers.
It helps them more easily envision themselves living in the space and makes the area more inviting and welcoming. However, staging certainly takes time and effort. Are you willing to put forth the work to get your home into
sell-ready condition or do you need to hire professionals? Going through every room and giving away/throwing out whatever isn’t needed can make your home more marketable.
Which agent should I hire?
Hiring an agent to sell your home is one of the best things you can do for a smooth and enjoyable real estate experience. These professionals understand the techniques, possess large networks, and have access to all the resources that can make the entire home-selling process a much smoother experience. Look foran agent who sells the most in your marketplace, who is realistic with the price, and has a large pool of buyers, etc.
a home inspector
do and can I
Hiring a home inspector is one of the most important steps you can take when purchasing a new home. A home inspector is a trained professional who evaluates various aspects of a home, including all the nooks and crannies. Their job is to look for any current or potential problems in the home and make the potentialbuyer aware of the situation.
In most situations, there will be issues or concerns found during the home inspection process. Some of these issues can be minor, such as a chip in a window, or others can require a lot of time and money, such as a foundation or roof concern. If problems arise, both parties can negotiate to determine who fixes these problems. In most cases, the seller will be responsible to make the repairs if it’s a major issue. Asbestos, termites, structural issues, and an active leak are issues that are reasonable to ask for a credit.
However, both parties can agree on a repair process that works best for them. For example, rather than require that all repairs be completed by the closing date, they may agree on a cash credit so the buyer can make the repairs on their own. This allows the buyers to choose the providers they want to complete the work and ensures the job is done correctly and is not rushed.
Keep in mind that if the negotiated repairs are not completed prior tothe closing walk through, the closing date may be delayed.
Real Estate Fun Fact:
Since the Empire
State Building was opened during the Great Depression, much of its space initially went unrented. As a result, many New Yorkers referred to the building as the “Empty State Building.”