Your Home Is A Huge Part Of Your Life
Selling your home has become more complex over the years. Seller disclosure statements, environmental concerns as well as the Purchase Agreement have all evolved even over the last five years. Within the maze of forms, pricing, marketing, and negotiating for maximum returns, inspections, and the like, it makes perfect sense to work with an experienced professional who knows the neighborhood market and can navigate you through it from listing your property to closing escrow. Stress free. Here are some things to think about.
Renting vs. Selling
Would you consider being a landlord or hiring one? Depending on what you could rent your home for, you may consider buying a new home without selling your old one. A rental survey will reveal how much rent your home would bring in per month. For you to make money, lenders say that rents have to be at least 25% higher than your mortgage payment. The 25% takes into consideration vacancies, taxes, and the upkeep. Multiply the monthly rent by 180 which is 15 years of rent. Multiply again by 1.25. Compare that number to the projected price of your home. If the sale price is higher it may make sense to sell.
When to Sell
Springtime is the best time to sell your home. According to a recent study of sales from 2010 to 2014, 39% of homes listed in the spring sold within 30 days and 15% sold for more than list price. These numbers indicate that those listings enjoyed maximum market exposure with many multiple offers. Wednesday is considered the best day of the week to list your home on the MLS.
Prepare Your Home
First impressions are crucial. In general, the cost of a major renovation will not be recouped in the sales price. However, there are few things that put a buyer off more than a home that has not been cared for. Minor upgrades, necessary repairs, exterior curb appeal improvements as well as a thorough decluttering all lend themselves to a top dollar return on the sale of your property.
Marketing Your Home
Determining the best asking price for your home is one of the most important aspects of selling it quickly and receiving top market return. Thomas Stafford Properties, Inc. will visit you at your home and do a complementary and thorough Comparative Market Analysis to determine what range your house should list for. We’ll put a plan together that is designed to attract just the right offers.
Negotiation to Close of Escrow
Negotiation is perhaps the most complex aspect of listing and selling your home. Strong negotiating skills, knowledge of the home selling process, and experience of multiple transaction scenarios get you to the settlement table with the best possible deal for your home.
Let's get your house SOLD. Contact me today.