1.
Determine How Much Your House Is Worth
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Determine your home's fair market value. |
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(At Baldwin Realty we provide you with a Comparative Market Analysis
of homes in your area. This gives you an excellent idea of what your home is worth.) |
2.
Estimate Your Costs to Sell
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- Real estate commission
- Attorney or other professional
fees.
- Prorated costs for your share of annual expenses, such as property taxes, home owner association fees, etc.
- Any other fees typically paid by the seller (surveys, inspections, etc.).
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(Baldwin Realty deals with transactions every day
and can give you a very close estimate of seller closing costs.) |
3. Estimate Costs to Buy a New Home
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Calculate moving expenses, loan costs, down payment, home inspections, title work and title policy, paying for a new hazard insurance policy--all expenses related to buying a home. Your lender should give you a disclosure of estimated costs when you apply for loan pre-approval. |
4. Calculate Your Estimated Proceeds
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- Deduct your mortgage payoff from your home's fair market value.
- Deduct your costs to sell from the remainder to get an estimate of the proceeds you will be paid at closing.
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Will your closing proceeds cover your costs to buy a new home? If not, do you have cash or other funding to make up the difference? |
5. Make Necessary Repairs
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Make all needed repairs unless you want the house to be regarded as a fixer-upper. This does not refer to cosmetic updates--just items in need of repair. Anything that's obviously broken gives potential buyers a reason to offer you a lower price. |
6. Get the House Ready to Show
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Most houses need at least a little spiffing up before they are shown to potential buyers. Great Curb appeal, fresh paint indoors (and sometimes out), organized closets and cabinets, sparkling clean windows and appliances and a clutter-free look are essential if you want the house to appeal to buyers. |
7. Get Psyched Up to Let People In
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When listing with a real estate agent,
he or she will ask you to leave when the house is shown. Why? Because lurking sellers make buyers nervous--they don't feel comfortable inspecting the house when they feel they are intruding in your personal space.
Unless there's a valid reason for it, don't ask your agent to be present for all showings, because that requirement can be the kiss of death for showing activity. Other agents want privacy with their buyers and they don't usually have time to work around your agent's schedule.
Make the house accessible. That means it should always be ready to show. Many agents won't bother showing a house that takes 24 hours to get into. |
Baldwin Realty is highly experienced in helping Sedona area
Home Owners sell their homes. Let us help you! |
