Tips for Selling Your Home
How To Begin Selling
Here are a few things the realtor does for you:
- Helping you with the offer to purchase.
- Assisting with Lead Based Paint inspections and laws.
- Assisting with Radon requirements and testing and laws.
- Assisting with Property History Disclosure. If you buy a property from an owner, they are not required by law to disclose faults with the property they have knowledge of. State laws require owners to disclose faults with the property they have knowledge of when you work with a Realtor. This gives you peace of mind.
- Formulating the Offer to Purchase.
- Scheduling Inspections (Home, Termite, HVAC, Lead Based Paint, Radon, etc.).
- Negotiate repairs if needed.
- Preparation of documents.
- Final Inspection before closing.
- Changing utilities to your name.
- Going to closing, and taking possession issues.
Preparing a Home For Sale
- Clean your home and make it ready for lots of people to see it at its best.
- Clean your carpets. People notice carpet so make sure it is clean and in good shape.
- Paint any areas that need it, or look like they are about to need it.
- Repair anything that needs repairing. A house with one broken thing will give a bad impression.
- Landscape. Improve the appearance of the outside of your home, people see it first.
- Deodorize. If you have pets, take care of any pet issues before people come to see the home.
- Remove clutter. If you have lots of counter space, and you fill it up with stuff, it looks smaller.
- Contact your Realtor. They will have many more suggestions on how to market your house.
Pricing Your Home
- Many things determine the value of your home. You cannot assign a price to your home without a lot of information.
- As an individual selling your home, you can pay to have it appraised to determine its "value".
- A Realtor can give you up-to-date information on what is happening in the marketplace and the price, financing, terms, and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Listing Your Home
Listing your home for sale is easy, all you have to do is place an ad in the newspaper each week, put ads on radio and TV, and put a sign in the front yard. The only problem with this is all of this costs money. If you plan to market your home yourself, remember that placing a sign in the yard doesn't guarantee you a sale, or any of the following things a realtor can do for you:
- Marketing your home. Placing the ads for you. Knowing where to place them, and how to word them for you.
- Putting your property on the MLS. This puts your property in the hands of thousands of agents who have multiple customers. You don't have to depend on someone seeing your ad, or sign, there are people looking to buy and sell. The Realtor brings them together.
- Scheduling Showings. Using a realtor will eliminate your commitment to taking phone calls all hours of the day and night from people who want to see your home. The realtor coordinates with you to bring you buyers. You also have the peace of mind knowing you do not have to allow strangers into your home. Realtors will generally pre-screen and accompany qualified prospects through your property.
Your Realtor handles all these steps for you.
- Are you able to negotiate with your buyer?
- Have you contracted an attorney to draw up all the legal contracts?
- Is your buyer qualified to buy your home?
- Have you completed all the necessary inspections (Termite, Radon, Lead Based Paint, HVAC)?
- Have you answered all contract contingencies?
- Have you gotten an attorney to do a title search?
- Are all repairs negotiated and complete?
- Have you done all follow-ups to inspections and loans?
- Have you contacted an attorney to prepare and assemble all closing documentation?
- Have you scheduled all closing and possession meetings?
- Have you scheduled all utilities, and mail transfers?
Serving Frankfort, Kentucky since 1987
Capital Realty & Investments 826 E. Main St. Frankfort, Kentucky 40601 (502) 223-5500