Selling a home is a big process for anyone. Almost as stressful as buying one. It’s also one that can land you a nice sum of money, if you play it right. It’s all too easy or either side of the transaction to get the worse part of the deal. Being armed with knowledge is what’s going to stop you from being that party.
The value of your home
The first thing you need to know is how much you can reasonably expect to get for the home. Market value is the best you can expect in most cases, but how do you figure that out? It has a lot to do with the size and space available in any house, yes. But it also has to do with the area that it’s in. Everyone knows that some postcodes are worth more than others. The best way is to find comparable sales in your area. Look at what other homes are selling for to get a good idea of what the neighbourhood is worth.
How to add value
However, how much you can get for your home is not a fixed point. It can be increased with renovations and extensions. It can just as easily be reduced by glaring faults and problems that it has accrued over the years. If you really want to get the most out of your home, be prepared to put some work into it. However, you should also consider the costs of that work. If it’s going to cost more than it’s going to add in value, then perhaps it’s not worth doing after all.
Assistance on hand
It’s also a good idea to get an idea of who can help you sell the home. For one, you will need a solicitor to get everything on the up-and-up. You can also make use of a local estate agent. Not only can they provide a knowledge of selling homes you might not have. They can also give a more current estimation of how much your house is worth instead of a guess.
One of the causes of a lot of stress and even a bit of despair about selling a home is just how long it takes. It’s a big process, both in terms of selling a product and getting everything tidied legally. It’s a good idea to have an idea of how long individual aspects take. Like how it might take weeks for a home to sell. Then another ten days to get everything finalised. Getting people to help you through that process is important. Those who know how to market a house and improve its sellable nature. Solicitors that have good feedback that you know won’t hold that process up.
Knowing how to sell a home is about knowing how much you can sell it for. What you can do to raise that price even higher and who you need to make the process even easier for you. Finally, you need to be prepared for the process and how long it takes.
Blog Posted: 10th June 2016