There are sets of challenges, which home sellers have to go through when they want to sell their properties. In these short post we’ll discuss 3 of those challenges you have to deal with, including: choosing a realtor, pricing and renovations.
Choosing a Realtor
Homeowners put one of their largest assets on the line when they sell their home. That’s why finding the right real estate agent can make the experience less stressful. The requirements for real estate licensure vary among states, and agents can become certified in specific areas of the market with additional education and training. Ask a prospective real estate agent the following: What is your work experience and knowledge of the area, do you belong to the Multiple Listing Service (MLS), how many homes have you listed and sold, and what is your commission. Choose the agent that offers a comprehensive marketing strategy and has a history of success. Source: Homeguides.sfgate
Depending on how prepared you are and the market trends, you might sell your home at profitable margins, on the losing edge, or simply at a loss. Determining the price does not come easy with the changes witnessed in real estate market. One service you would want to seek is that of a property appraiser.
Each home is different and although similar designs of houses may attract similar prices, there might be design issues and location differences, which could affect the price. An appraiser could provide you with an appropriate price tag based on many factors including the cost of building the property, existing faults, renovations done and changes in market value. Source: Charlie.realtytimes
If your home is in need of renovation, it may cool interest from buyers. Renovations may help the house sell quicker, but you may not recoup your investment. This means you need to decide what is more important, selling fast or selling high. If you decide to renovate, you will also need to consider the timeline for having them done so that you can begin showing the house. Source: Budgeting.thenest
Gary Wong, MBA
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Office Phone: 604-263-1911