July 07, 2018
Much in the current real estate marketplace greatly favors those seeking to sell a home. The competition is fierce among buyers at most price points. That can be tempting to plunge right in, but you must still take the time necessary to ask the right questions, get the best answers for your situation and be prepared for the likelihood of fielding multiple offers to purchase your property.
CURRENT MARKET VALUE vs HOW MUCH CAN I EXPECT TO SELL FOR?
- In such a favorable market the automatic assumption would be push for higher price. And you may be right! However, with that comes responsibility to ensure the residence is in top selling shape. A home inspection should reveal any areas of concern you need to address.
- Working closely with your local marketing specialist will go even further in helping you realize your hope of realizing every penny of equity you deserve. The last thing you want is suddenly discovering the worth is less than desired.
AVERAGE DAYS ON MARKET vs HOW QUICKLY CAN I SELL?
- Averages take into consideration all sales data, including homes that are priced well and those that aren’t, those with special sale circumstances and those without. Average doesn’t need to be your expectation.
- You are in charge of influencing the time it will take to sell, perhaps to a greater degree than you realize. If your home is in excellent condition and as attractive as you can make it, likely buyers will be immediately interested in making it their own.
WHAT WILL IT COST TO SELL vs WHAT RETURN ON MY INVESTMENT?
- If repairs are needed to the home, you must weigh making those repairs before the sale to what it may cost to give concessions for repairs in a sale. One key idea to consider is quite often, needed repairs don’t just affect the concession asked for in a counter offer, but have an impact on the initial offer price as well. For that reason, an inspection resulting in any found repairs being effected may be your best course of action.
- Beside the equity you’ll realize, expect approximately 6-9% of the sale price to go toward closing costs, including the sales commission.
Choosing to sell means many decisions to be made. Current knowledge of real estate statistics, trends and local market conditions is vital to making the most of your investment. Your local marketing specialist will be more than happy to fill in any missing information and get you started in the right direction.