Only you can make the decision to sell. Once you decide you want to move, you may be eager to post a “For Sale” sign, but don’t jump in too fast.
First of all, if you’re planning on buying a new home, you need to be sure that you’ll be approved. Changes in real estate lending laws could mean that even though you qualified for a loan when you bought your present home, you don’t qualify now. Make sure you can make the move that you want before you put yours on the market. Go through your lender to get pre-approved for a home plan. When you are given a written approval, you’ll know if you’re successful in selling your home.
You might benefit from setting up a line of credit against your home’s equity. If you need money quickly for a down payment, this can do it.
You must first decide how much your home is worth, as well as what you owe. This may require an appraisal of your property to get an accurate idea of its current value. Calling your mortgage company will help you find your loan balance.
Look around at the local housing market if you aren’t under pressure to sell. Wait til the market is moving if before you put your home on the market. If sales are doing well, jump in.
Decide what you can afford to sell your home. If you hire a real estate firm, expect to give them a percentage You may be responsible for pro-rated property taxes and attorney fees.
Before you list your home, make sure it’s ready to be seen. It’s important that your home make a good first impression, which means you may need to take on some of those repairs and projects that you’ve been putting off. Don’t be tempted to push those repairs off on the new owner. They will try to bargain for a lower price.
Cleaning thoroughly is a must. This means sweeping, mopping, pressure washing, and cleaning carpets. After you clean, keep it that way!
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