Know your Worth Before you Sell
Thursday Aug 09th, 2018
It is important to have an idea of what your home may sell for before you make any decisions. When you sell, you want to get as much value as you can for your home. So you might want to consider the timing of the sale because it definitely has an effect on the value. You don’t want to sell when it’s a “buyer’s market,” when too many homes are for sale and there are not enough buyers. Seasonality is something to consider as well because typically more homes are sold in the spring rather than the winter.
You can also increase the value by enhancing the appeal of your house. There are various ways to do this and it all depends on the amount of monetary resources available. You can renovate your house by remodelling an area or just freshen up the walls with a new coat of paint.
Even just keeping your front lawn tidy can make a big difference. Buyers love seeing green grass and flowers outside because it feels more warm and inviting to them.
Home inspections are also something that you can do to prove the value of your home. Buyers will usually ask for a home inspection, so if you do it ahead of time it will definitely impress them. It also gives you a chance to prevent unpleasant surprises and make any major repairs.
It is also important to factor in closing costs. Please see below for a guide to help you detarmine the expenses related to the sale of a home.
|$1,000 - $1,600||
|$2,000 - $20,000||
SPRUCING UP / STAGING
|$600 - $4,000||MOVING COSTS
|REAL ESTATE COMMISSION
Mutually Agreed Upon
|$1,200||UP-TO-DATE SURVEY OF YOUR PROEPRTY
May be requested by the Buyer at the Seller's expense
|$40||NOTIFICATION COSTS (FRIENDS, UTILITY COMPANIES, POST OFFICE, ETC.)
Post offices may charge $40 or more for limited rerouting services.
If selling a condominium
If you would like to find out more please CLICK HERE for a no-obligation, no-cost Home Evaluation.
* This information is provided as a guideline only. There is no warranty or guarantee of accuracy as each transaction may incur different levels and types of fees.