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3 Things to Know Before You List Your Home for Sale

Listing a home for sale is a stressful situation for most homeowners. Fortunately, this stress can be somewhat reduced if you think through the following three items before you talk to your real estate agent.

1. How Much? There are two main ways to determine the approximate market price of your home prior to calling a real estate agent.

  1. In many locations the tax assessment on your home is an indication of the market price. Typically, the assessed price is either too high or too low, but it will give you an idea of the price range. It is important to keep in mind that what you may need price-wise has nothing to do with how much someone will be willing to pay for your home.
  2. Another price indicator is the amount for which other homes similar to yours have sold in the past few months. You can get a list of “nearby recently sold” homes in your area by going to the realtor.com app and conducting a search. If you don’t have the app, you can get it for free at http://www.realtor.com/mobile/?source=web. Let me know if you have problems with your search.

2. When? Identify when you want to move, because this can have a bearing on the price.  For example, if you could move out in 30 days, you may find a buyer that needs to move in quickly—and they just may pay more for a property that’s available. Also, if you need a quick sale, there may be some items such as repairs that can be taken care of prior to putting the house on the market.  Knowing “when” can make for an easier and quicker sale.

3. Identify Problems. Problems can be in the form of repairs, ownership, loans, legal issues, etc. There may not be any problems at the moment, but by identify potential issues in advance, it may be possible to solve them prior to them interrupting the sale of your home.

 The last paragraph is yours to write!