Questions To Ask Before Selling Your Home

What’s Your Home’s Value?

When it comes to selling your home, the most important thing you need to figure out is its value. This is important for two reasons – You want to make sure you ask for a fair price for your home, and you want to make sure you get top dollar for your investment. 

To figure out how much your home is worth, your best bet is to hire an appraiser. An appraiser will take into account the location, condition, and size of your home, as well as any other important factors. 

They’ll also research comparable sales in your area and can give you an accurate estimate of your home’s value. Another option is to research similar homes for sale in your area. 

This will give you a good indication as to what buyers are currently willing to pay for similar homes. However, this is only a rough estimate, and it won’t take into account any special features of your home. 

You can also instantly get a detailed home price estimate and also see what your neighbors are selling their homes for.

How Long Will It Take to Sell My Home?

Once you have an idea of your home’s value, the next step is to figure out how long it will take you to sell your home. This is an important factor to consider, as the longer it takes to sell your home, the more money will be tied up in the process. 

The best way to figure out how long it will take is to talk to experienced real estate agent. They can tell you the average sale time for homes in your area, as well as any insights they have into current trends. 

Another option is to research the sale times of similar homes in your area. This won’t give you an exact estimate of your own sale time, but it will give you an indication as to how quickly homes in your area move. 

How Much Are the Selling Costs? 

Before you even list your home for sale, you need to know how much it’s going to cost you to do so. Selling a home isn’t cheap, so it’s important to figure out how much you’ll need to put aside for fees and taxes. 

The most important cost you need to factor in is the commission for your real estate agent. Most agents will charge a percentage of the sale price, which is typically 5% to 6%, inwhich 50% of the commission will typcially be shared with the buyer's agent. 

You should also remember to factor in all the taxes and fees associated with selling your home. For example, you might need to pay a transfer tax, capital gains tax, and other miscellaneous fees.

What Do I Need to Do to Prepare My Home for Sale? 

Once you’ve found the right real estate agent, it’s time to start preparing your home for sale. This means making any necessary repairs, refreshing the paint, and decluttering your space. 

It’s also important to spruce up the grounds around your home.  Planting flowers, mowing the lawn, and Trimming back 10th trees are all great ways to make your home look its best. Finally, make sure to add warmth by adding touches like fresh towels, flowers, and scented candles. 

You may choose to sell your home “as is”, which has pros and cons.

What’s the Market Like in My Neighborhood? 

Before putting your home on the market, it’s important to understand what the market is like in your neighborhood. This is essential information to have, as it will help you determine a realistic asking price for your home. 

To research the market, start by looking at recent home sales in your area. Pay attention to how long it took homes to sell and how much of the asking price they were able to obtain. Additionally, it’s a good idea to research the current trends in your area. 

You should also talk to your real estate agent about the current market. They should be able to give you an overview of the current market conditions and how they impact your potential buyers.