Before you decide on which house to buy or make an offer, it is better to sell the one you are currently living in. By doing this, you will know how much money you have at your disposal and you will know which houses you can afford. In order to do this properly and to get as much money as you can, we have some pieces of advice for you. So, before you sell your old home, read this article and you will know what you are supposed to do.
Check whether some repairs should be done
Some people would like to buy a house that needs to be fixed in order to pay it less. On the other hand, a great majority of people would like to get a house in which they could live peacefully from day one. Unfortunately, professional repairs can be quite expensive. This is why you should ask a real estate agent to come to your house and tell you what you must repair and what is optional. Of course, when you need to sell your old home, one of the priorities is to sell it with no leaks. In addition to this, another red flag could be damage from termites. So, make sure you treat for termites and replace old wood with new wood. This will not just be useful, it will also make your home look more appealing.
Professional inspection and appraisal
A real estate agent can not only help you with pointing out what to fix. He can also give you a free market analysis. This will be done by comparing your house to other houses in similar condition that have been sold recently. After this, you will know how much money you can expect to earn from it. In addition to this, a professional inspection and appraisal can be of great help to potential buyers and their banks. They will know your home is fit to live in. Even though these inspections an appraisals can cost a lot, they will mean a lot to the buyer. He will be more likely to make an offer if he knows that he will not have to pay for those fees.
When you need to sell your old home, boost its exterior
One of the things that can help you earn more money when selling your house is an appealing look. This will be particularly important if you are, for example, moving to North Carolina from New York. You will be in a position to buy a larger house in comparison to the old one. Therefore, it is advisable to put a new coat of paint and you will see that your house will get a much nicer look. In addition to this, you should also spend your effort and time on the garden. It will be enough not to have your lawn overgrown and that the shrubs and trees are trimmed. Just keep it neat and simple- this is what the majority of people likes.
Another thing you should do is to stage your home
According to the real estate agents, the first seven seconds a buyer is in the house will probably decide whether or not he will make a purchase. This means that the first impression is the most important, so, do your best to make it a good one. Make your house look inviting from the moment the potential buyer steps in the door. Get rid of the clutter, remove family photographs and arrange furniture so that it is easier for him to walk from room to room. The idea behind all of this is to make it possible for the buyer to mentally move in. He will be in a position to imagine his own furniture and belongings inside your house.
Do not overestimate your house
When you need to sell your old home, it is advisable to be as realistic as possible. It does not matter if you are moving from a more expensive neighborhood to a less expensive one( for example, if you are moving from Long Island to North Carolina). Even though you love your house too much, you will only sell it for its real worth on the current housing market. This is the point where a free market analysis from a real estate agent can help. If you price the house competitively, it is more likely that you will get an offer early. Avoid pricing it too high- you will have a hard time selling it. Also, if you underprice it, potential buyers might ask what is wrong with it. This means that you should think thoroughly before deciding on the price.
Sell it as it is
In case you do not have enough money to repair everything you would like, just sell it as it is. This means that the buyer will assume all risks for buying that house and you will make no guarantees. The market for this kind of sale is very small. The reason for this is that it is harder to obtain a loan to buy a fixer-upper house. These buyers often pay in cash since they know they have less competition. Of course, this kind of sale should be reserved only for those instances where it is not possible to repair your house in order to reach a larger market.
Having to sell your old home is not an easy job. You have to think about many things, even about the taste of a potential buyer. For this reason, people tend to modernize the space, but it does not always work. What you should do is to repair it as much as you can. Keep it clean and neat and there will be no need for you to worry since this is something all people appreciate.