Can I sell my house myself?
The best reason for working with a real estate broker is the enormous amount of information they have at their disposal--information that can make your house sell faster and easier. Professionals know about market trends, houses in your neighborhood, and the people most likely to buy there. They also know how to reach the largest number of people who may be interested in your house, and are trained in areas like screening potential buyers and negotiating with them. Finally they are always “on call” and willing to do the things most of us hate: working on the weekends, answering the phone at all hours, and always being polite about it.
What makes a house sell?
A successful sale requires that you concentrate on five considerations: your price, terms, condition, location and exposure. Since you can’t control all of them, you may have to overcompensate in one or more areas to offset a competitive disadvantage in another.
When is the best time to sell a house?
As soon as you decide to sell it. If you want to get the best price for your house, the key is to give yourself as much time as possible to sell it. More time means more potential buyers will probably see the house. This should result in more offers; it also gives you time to consider more options if the market is slow or initial interest is low.
Is there any seasonality to the market?
Late Spring and early fall are the prime listing seasons in many areas because houses tend to “show” better in those months than they do in the heat of summer or the cold of winter. And, of course, people like to do their house shopping when the weather is pleasant.
But keep in mind that there are also more houses on the market during the prime seasons, so you’ll have more competition. So while there is seasonality in the real estate market, it’s not something that should dominate your decision on when to sell.
How long should it take to sell?
Average listing times vary from 30 to 180 days, according to market conditions; and of course, price, terms, condition, location and exposure play an even greater role. Selling in any market is easier if you keep time on your side. Most professionals will tell you that allowing yourself at least six months will put you in a position to get a better return from their marketing efforts.
What if I have to sell my old house first?
Some brokers offer guaranteed sale plans, which are essentially a written promise to buy your house at a predetermined price if it doesn’t sell by a certain date. The amount of the guaranteed price varies considerably between brokers.
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