5 Important Steps Before Selling Home

1)Motivation for Selling

First of all, you need to know your purposes for selling your home. The reason you bought it was for investment ? or for long term residential purpose? Some people pay hard for their house installments for years and sell it because of emotion impulse.Discuss this issue with your partner  and think thoroughly before making any wrong decision.

2)Buying a New Home

Most of the people who plan to sell their homes also plan to get a new home too.So,do prepare the listings of new homes and do some research on neighbours and types of new homes you want to be residenting.If you are into investment,Check the location of the new home and future development plan in that area.

3)Call Real Estate Agents

Interview and talk to at least 2-3 neighborhood specialists and real estate agents.Selecting the right capable agent is as important as selecting a quality new home.Talk to the agent to understand the plans and strategies they are going to implement in marketing your home.

a)Home Sale Preparation

Get advices from people who sold their homes before.Move the furnitures out.

b)Repairs

Rapairs the basic maintenance issues.Do not save money on that which may cause you loosing a deal.

c)Home Staging

By staging your house,you will probably get more.Request assitance from agents and proffesionals.

d)Home Pricing

Do not select an agent based on suggested sales price. Some will overbid each other to get the listing but do not overprice. Remember taht overpriced homes often sell for less than the market value.

e)Net Profits from Selling

I always prepare two net sheets for sellers, each with a low price and a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will let you buy the home you want, it's time to find financing.

4)Get A Lender

Check with existing lender how much existing need to pay off.Next,steps you need to do are order a beneficiary statement,check out new financing offers from your own lending institutions and credit unions,ask for a Good Faith Estimate (GFE),compare rates and fees,ask for referrals to mortgage brokers from agents. Often, mortgage brokers have more flexibility to discount rates and are more competitive.

a)Get a loan preapproval letter to check how much mortgage you are qualified to borrow.

b)Its is advisible to apply for lower mortgage for easier payment for the long run.

c)Compare the types of mortgage,select wisely.

5)Sell Before Buying

It's always more profitable to sell before buying a new home.Don't just search a new home through Real estate portals in the internet.Making decision by just viewing pictures and videos on new home is not sufficient.Visit the the place personally to have a clearer and more realistic and vivid look.

20 Tips for selling home fast

Make a lasting first impression
The front door should be clean and presentable. If the doorbell is not working repair it.

Walls and woodwork
Faded walls and worn woodwork won’t sell your home. A small investment in paint or wallpaper will.

Let the sun shine in
Open the drapes and curtains. Clean the window and panes. Turn on the lights. House buyers are drawn to bright, cheerful interior.

Call the plumber and the electrician
Dripping water taps suggest worn out plumbing or careless maintenance. Clean those rust stained sinks. And make sure the drains are running free and clear. Loose electrical wires, broken sockets and fused out bulbs, flickering tube-lights are a no-no.

The devil’s in the details
Loose door knobs and handles. Creaky doors. Door latches not closing smoothly. Sticking drawers. Wobbly hinges. Jammed windows. They can all cost you a potential customer. Fix the defects and they make a sale.

Safety sells
Keep staircases and corridors clean and free of clutter. Cluttered areas are not only unattractive; they are dangerous as well.

Sell the whole home
Let prospects see the big picture. Make sure your attic is presentable, your garage is neat and your basement is organized. Give storeroom space a clean coat of paint.

Buyers love big closets and wall cupboards
And they look even bigger when they are clean, neat and well organized. Get rid of piles of clothes, old cartons and other clutter.

Bathrooms are big sellers.
Make bathrooms sparkle. Clean sinks and bowls. Recaulk where needed. Make sure towels and bathroom mats are freshly washed.

Wake up your bedrooms
Remove excess furniture. Use attractive and colourful bed linens and spreads. Open the drapes and curtains and let the light in. Remember, this is where your buyers spend one third of their lives.

SHOW AND SELL
It is now showtime! Here are ten suggestions to help you make the most of it.

Lighten up
Home buyers love the light. By day, let the sun shine in. By night, turn on all your lights, inside and outside. Don’t forget the accent and picture lights.

Avoid crowds
House hunters hate crowds. When your brokers shows your home, send the children away to the neighbours and take a long walk.

Silence is golden
When your home is being shown, turn off the radio, television, stereo or any other noise-producing source. It will make your agent’s job easier.

Keep pets out of sight
Make your pets disappear when your house is being shown. Your prospect may have different tastes in animal than you.

Stay in the background
Do not try to engage your prospects in conversation. Let your broker do his or her job and let your buyers inspect without interruption.

Be prepared
You never know when your consultant (agent) may need to show your home on a moment’s notice. So, make your beds and tidy up each morning, just in case.

No apologies necessary
Nobody’s perfect. There’s no need to apologies for the appearance of your house. Let your agent field any negative comment.

Sell the home period
Don’t try to sell your prospect your old furniture, appliances, lamps or anything besides your house. Save it for after the sale.

Leave it to professionals
Let your broker discuss selling price, terms, possession dates or other such details. They have been carefully trained and will negotiate on your behalf.

Show by appointment only
Your agents can schedule all showings including those from other real estate offices. All you need to do is to make sure your home is ready to show.

10 Tips and upgrades to help sell your home

1. Electrical

Homes built during the 60's or before that often do not have enough electricity current to run all the electronic gadgets. Today's homes typically have 200-amp service, so keep your home competitive by upgrading to at least 100 amp.

2. Copper pipes

Upgrading pipes should be a major priority for sellers of older homes. Copper pipes wont corrode as severe as galvanized pipe over time.

3. Furnace

Furnaces usually last from 12 to 14 years. Although this upgrade is relatively expensive, you still have to fix it if it has passed its expiration date.

4. Kitchen cabinets

Refurbishing old cabinets can quickly pull your kitchen into the 21st century. Replace with stainless steel or nickel knobs, pulls and hinges.Cleaning, sanding, staining, painting and replacing veneer can make the wood become new again.

5. Kitchen countertops

The saying "all real estate is local" is true right down to the kitchen countertops. In some neighborhoods, laminate is still acceptable. In others, you'll need to go with granite or Corian. Check out your neighbors' kitchens to find out what is standard on your block.

6. Roof

Some buyers concerned about the age of a home's roof. inspect the roofs if it is more than ten years old. If it makes the grade, include the inspection report in your buyer's packet. If you must replace, cut costs by choosing 20-year material over 30-year material.

7. Siding

A dated exterior can be fatal to your home's curbside appeal. Sometimes, a fresh coat of paint is all you need to cover a multitude of sins. In other cases, you may need to replace the siding altogether.

8. Water heater

Water heaters usuallt last about a decade before running out of steam. Installing a high-efficiency water heater can cut energy use by between 10% and 50%, making your home more attractive to cost-conscious buyers.Some house doesnt have water heater.Add on in bathrooms.

9. Termite inspection

Termites are tiny insects that love to feast on wood,such as woods of cabinets,sides of windows etc.Termite inspections are relatively cheap and are especially important in older homes.

10. Windows

Single-pane windows have gone the way of lava lamps and beanbag chairs, so be sure to upgrade those aluminum slider windows. Not only will your home look more enticing, but you'll also trim heating and cooling bills by 25%.