Selling your house, especially for the first time can be daunting and overwhelming.
With hidden obstacles and surprises at every corner, it can be a bumpy ride. The good news for sellers is that the current home ownership rate in the US is 65.8% and the trend seems to be increasing. So if you’re going to sell a house, you’ll likely get a good return and soon. Although selling a house is easier than buying, most people still make mistakes. Not to worry, though. We have you covered. Here are some things you should consider before selling a house to avoid those mistakes.
Fix Major Issues
When a buyer is interested in your house, they’re going to hire a professional to inspect it. This would uncover any major issues that haven’t been repaired. For instance, a leaky ceiling, structural damage or mold. If you can spot these things in your home, it’s best to call in the plumber or handyman to fix the issue. It’s important you take care of these problems as it can impact the property value of your house and turn away buyers who might be interested.
Research the Local Housing Market
If you’ve been living in the house for several years, you might have a good idea about the housing prices in your neighborhood. However, even then it’s crucial to do your research and know just where the market is heading–the National Association of Realtors is a good place to start. You can see how many houses are in the market in your area and the average number of days they have been listed. It’s also a good idea to check out comparable homes—nearby homes that have similar features—and see how the competition is. You could also go the extra mile and go for open house or check Multiple Listing Service to get a better idea.
Hire an Appraiser
Although it’s typically the lender’s responsibility to hire an appraiser, you might want to consider hiring one to evaluate your property. Remember, just because you and your buyer have come to an agreement about the price doesn’t mean it will hold. An appraiser has to come in to and evaluate the property. If he finds the value of the property to be less than what you’re selling it for, you might have to reconsider and lower your price. To prevent this obstacle, it’s best to hire an appraiser and make sure you’re selling at the right price.
By following the above tips, you’re less likely to make a mistake. What’s more? You’ll probably sell your house early on and at the right price. If you’re wondering who to contact for real estate appraiser Lodi, we suggest you contact us. The process is simple, just fill out the order form and we’ll contact you soon. Happy selling!