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Recent Articles : Selling Your Home?
Consider This...
1. Are you ready to sell your home? Beware of "seller's remorse"
which may appear immediately after signing a contract for sale.
Be sure that you and your family are ready to move out of your home
within the time frame in the contract for sale. Consider whether
or not your children will be able to remain in the same school for
the remainder of the school year after you close on the sale of
your home.
2. What is your ideal sales price? This may depend upon whether
you are selling your home For Sale By Owner or with the help of
a Real Estate Broker? If you are going to sell your home with the
help of a Real Estate Broker, ask the Real Estate Broker to do a
comparable to determine what the homes in your neighborhood are
selling for and consider that amount of the real estate commission
when determining a sales price for your home. Before entering into
a listing agreement with a Real Estate Broker, negotiate the real
estate commission and ask the Real Estate Broker what he or she
will do to market your home.
3. Is the purchaser seeking financing? If your contract for sale
is contingent on the purchaser obtaining a mortgage, you may want
to require the prospective purchaser to provide you with a letter
from a bank or a mortgage broker indicating that the purchaser is
prequalified.
4. Where will you and your family live after you sell your home?
Do you have another home or are you in the process of purchasing
another home? If you are in the process of purchasing another home,
you may want to make the sale of your home contingent upon the purchasing
of your new home and you may want to schedule the sale of your old
home and the purchase of your new home back to back.
You should also consider what personal property is included in
the sale of your home, if any, and whether you are going to sell
your home in "as is" condition or whether you are going
to pay up to a certain amount of percentage for repairs.
These are only some of the things you should think about when selling
your home. After finding a purchaser for your home, you should consider
consulting with a real estate attorney
before signing a contract for sale. Good luck selling your home!
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