The housing market has experienced a significant rise in value over the past couple of years.
With skyrocketing rents and ever-increasing construction costs, this increase in value is good news for many homeowners.
You need to know what your property is worth at the moment before you can even start marketing it as for sale – which makes sense considering that there are so many variables involved with real estate.
Selling Your Home in a Competitive Environment
Many people decide to sell their homes because they can no longer afford to live in them.
This would be an understandable reason if you were able to afford the property before the economy took a downturn.
In many cases, however, homeowners are unable to keep up with their mortgage payments due to long-standing financial issues.
In fact, it is estimated that over half of all U.S. mortgages are at least 90 days delinquent – or the homeowner simply stopped making payments temporarily to cover other bills or paid less than what was due.
In today’s real estate market, buying and selling a home is never easy. Here are some tips on how to sell your home today!
Tidy Up Your House
This isn’t just as simple as giving your house a quick spring clean; rather, it’s about fixing everything up, turning the lights on, and putting on a new coat of paint.
Make sure the yard is properly maintained, that all the extra clutter has been dropped off to StorageArea for the duration of your move, and that your home is in good condition.
You might also want to consider hiring someone to do some routine repairs for you or to clean up the house.
When you are ready to sell, this will make your home look like it has been well maintained. Now, anyone looking at your property will see that it’s in good condition.
Get Your Finances in Order
If you are behind on your mortgage, you may think that it would be better to skip over this section and go straight to the next one.
The truth of the matter is that if you aren’t financially stable, selling your home will just be a financial crutch – and could lead to even more problems down the road.
Contact your lender and see how you can restructure your loan in order to get back on track.
This might mean some hefty payments early on, but it is an investment that will pay off later – both for you and anyone buying your home.
Contact a Real Estate Agent
If you are going to be selling your home, it is important to contact a real estate agent.
This may seem like a simple process, but there are many things that you need to consider when hiring an agent.
There are different types of agents, including buyers’ agents and sellers’ agents.
You will also want to consider asking around for referrals – friends and family members can make recommendations regarding the best real estate agency in your area.