So you are thinking about selling your home...
Reaching a decision on whether it is the right time to sell you home is always
difficult, and has major financial implications as well. Before making such an important decision, you should
be armed with all the facts.
Here are a few of the most critical questions a homeowner whould have answered before
becoming a home seller.
The first question:
How much would you home sell for on the current market?
Determining your home's current market value is the first step in the decision-making
process. A comprehensive market analysis will tell you the estimated value of your home in the today's market.
This analysis should include most recent home sales in your area, homes currently on the market (i.e. "the competition"), the general market conditions, and the condition of your home:
- Location of the home
- Conditions of the home (cosmetics, appliances and overall utility)
- Lot size
- Curb side appeal
- Inflation factor (The time lapse from one sale to another)
- Supply & Demand
Related question
Will there be any appraisal problem?
When the buyer applies for a mortgage, the lender will have an appraiser give an opinion
of the value of your home. Appraisers tend to rely heavily on the most recent home sales in
your area. If a few sellers found themselves in dire straits and sold their homes for bargain prices, this could adversely
affect the appraisal of your home.
Anticipating appraisal problems is the first step towards eliminating them.
The most important question:
How much"net" cash would you realize from selling?
Knowing how much cash you'll have after selling is crucial information to
most homeowners, expecially those planning to buy a new home after selling the old one.
The final question:
How much of a a new home could you purchase?
If you plan to buy a new home, it is imperative to know how much you can afford and
whether a home in that price range will fit your needs.
How do you find the answers to these and other important questions before deciding to sell?
Many homeowners are reluctant to contact a Realtor before making the decision to sell. They don't want
an agent to pressure them. Consequently they may make their selling decision without all the facts.
To help you make an informed decision, I will meet with you in a free,no-obligation, counseling session and give you the answers you need. You deserve to know the facts, let me help you!
Ziep Truong
(703) 861 1686 (C)
(703) 873 3500 (O)
Ziep@ZiepCodes.com
http://ZiepCodes.com
Ziep
