Mark Galante's Blog
There is a lot to think about when you know you’re ready to sell your home. The best approach is to take things step-by-step in order to get everything right.
Make Necessary Repairs
Before you even decide to put a “for sale” sign out front, you’ll want to address the problems in your home that you know about. If the roof needs to be replaced, or you know you need a new refrigerator, you should tend to those things as soon as possible. While these items can be an expense for you, completing these things before the sale of the home will increase the value of the home and save you some aggravation when it comes time for the home inspection.
Don’t forget about the small details as you look at what needs to be done on your property. Does the doorbell ring? Are the lightbulbs all working? These small details are just as important as the big stuff.
Find A Real Estate Agent
Finding a real estate agent isn’t a one-size-fits-all job. You want an agent who understands your needs and is an expert in your particular market. You can check with your family and friends to see if they have a particular agent who they recommend. Also, you might check out reviews online to help you discover an agent. Do you have a particular agency in mind? Give them a call and they can set you up with one of their agents. Many agents will be happy to provide a number of references of recent sales if you inquire.
Find Out How Your Home Will Be Marketed
If your home won’t be on social media, there’s something wrong with the marketing plan. You’ll need lots of good photos and maybe even a video tour of your home. You should definitely be sure that your home is being marketed on YouTube, Facebook, and Instagram to name a few social networks. These networks even offer paid ads to help you reach the right buyers. Talk with your realtor to see what the plan for marketing your home sale is.
Prepare For Home Showings
While you still might need to live in your home while you’re selling it, you want the property to be presentable. Start at the curb of your home and work your way to the inside. The property should look presentable from the moment buyers pull up to the house. The lawn should be mowed, the landscaping should be trimmed, and the inside of the home should be thoroughly cleaned. This will seal the deal on the sale of your property after all of the other hard work has been done.
It can be a stressful endeavor to purchase a home. As one of the most significant investments in life, it is important to understand the steps and fees you may encounter beyond the sale price. When you are searching for a property, keep the expense of closing in mind.
What Are Closing Costs?
Closing costs are the various expenses and fees that are separate from the purchase price of your house. They apply to the end of the process. Charges include taxes, inspection, title insurance, and title search, as well as some upfront expenses such as homeowner’s insurance.
Closing costs generally range from two to five percent of the purchase price. The final fee is dependent on your location. Most of the expenses are for state and local government, lenders, and legal processing. You can save on some of these by working with a mortgage broker who is experienced and knowledgable about local laws.
What Should You Expect?
Appraisal: This fee goes towards making sure that the price of the home matches the actual worth of the property.
Escrow payment: When it comes to timely preparation of the documents, you can trust a good escrow company to take care of the paperwork on your behalf. Prompt preparation of your papers can make a significant difference as it can enable you to close on time.
Title/attorney fee: The title and attorney fees are put in place to ensure the transfer of the home's deed occurs without issue. To ensure that it all goes smoothly, work with a highly reputable title company.
Lender fees: The lender fees may include a wide range of items like transfer fees or administrative fees. A broker commission may be part of the cost.
Other fees could include loan interest and loan insurance. Your realtor can help you to save money during your closing and prepare you for the process, work closely with them to determine the fees that may be negotiable.
Family members and friends are loved ones who play important roles in your life. However, when it comes to sharing the news that you've decided to sell your home, it sometimes can be difficult to prevent these loved from sabotaging your home sale.
Lucky for you, there are many simple ways to reduce the risk that loved ones can hinder your ability to sell your residence.
Now, let's take a look at three tips to keep family members and friends involved in the home selling process.
1. Meet with Family Members and Friends
Don't wait to inform family members and friends about your decision to sell your house. Instead, meet with loved ones so you can discuss your home selling plans with them.
Face-to-face meetings with family members and friends are ideal. These meetings will allow you to explain why you decided to sell your home, where you plan to move and much more.
In addition, meeting with family members and friends shows loved ones that you care about their thoughts and feelings. It also sets the stage to involve your loved ones in the home selling process – something that may help you get the best results possible.
2. Respond to Loved Ones' Home Selling Questions
In all likelihood, family members and friends will have lots of questions about your decision to sell your home. If you plan ahead for potential questions, you should have no trouble responding to loved ones' queries accordingly.
It may be tough to move further away from loved ones. But if you prepare before you meet with family members and friends, you can improve your chances of remaining calm, cool and collected as you share your home selling news.
Furthermore, it is important to remember that loved ones might not always agree with your home selling decision.
On the other hand, family members and friends should be ready to stick with you and support your decision, regardless of whether they agree with it. By doing so, your loved ones can provide you with the assistance you need to streamline the home selling process.
3. Discuss Your Options with a Real Estate Agent
For those who want to get their loved ones involved the home selling cycle, meeting with a real estate agent may prove to be a great first step.
A real estate agent can provide recommendations and suggestions about how to share your home selling news with family members and friends. Plus, this housing market professional can respond to your home selling concerns and queries at any time.
Perhaps best of all, a real estate agent will serve as a great guide throughout the home selling process. He or she will help you add your residence to the real estate market, promote your house to potential property buyers and negotiate with homebuyers on your behalf.
Don't worry about telling family members and friends about your decision to sell your house. Conversely, use these tips, and you can prevent your loved ones from sabotaging your home sale.
Congratulations on your recent home sale! Now, you just need to figure out how to tell family members, friends and other loved ones that you'll be packing up and moving out of your current residence.
Informing loved ones about a home sale may seem challenging at first. Fortunately, we're here to help you keep your cool as you tell loved ones that you've sold your house.
Here are three tips to ensure you can avoid the stress and headaches sometimes associated with informing loved ones about your decision to sell your home.
1. Get Ready for Questions
Loved ones have your best interests in mind, and as such, likely will have many questions about why you sold your residence.
What prompted you to sell your home now? How much did you receive for your home? And where do you plan to live in the future? These are just some of the questions that you should be ready to face from family members, friends and other loved ones.
Moreover, answer loved ones' questions as best you can. And if you are uncertain or uncomfortable about answering a question, you can politely decline to respond.
2. Keep an Open Mind
Things will move quickly after you sell your home. Although you may have plans to buy a new residence or relocate out of state at some point, you might still need time to finalize your next move.
Oftentimes, loved ones may pressure you to move in a certain direction following your home sale. But it is essential to keep the best interests of yourself and your family in mind at all times.
If family members or friends pressure you to make a move that makes you feel uncomfortable, let them know. Remember, your loved ones want you to be happy, and they should be willing to listen to your concerns after you share the news that you have sold your residence.
3. Operate Fearlessly
After you accept a homebuyer's offer for your residence, the toughest part of the home selling journey is over. At this point, you can finalize your home sale and move forward with the next stage of your life.
It takes a lot of courage to sell a house, and you should maintain this confidence as you tell loved ones about your home selling decision.
Regardless of how a loved one feels about your decision to sell your house, what's most important is how you feel about your choice. If you believe you made the best decision possible, you should feel good, even if family members or friends disagree.
When it comes to telling loved ones about your home selling decision, don't forget to reach out to your real estate for assistance. This real estate professional understands the challenges of informing family members and friends about a home selling decision and may be able to offer expert guidance. That way, you can remain poised and confident as you share your home selling news with others.