Your home is undoubtedly the most valuable asset for the vast majority of us and selling it will cost thousands. The use of money saving tips in this article should lead to a reduced cost of moving home.
Estate Agent fees vary, so shopping around and don’t forget to haggle and play one off against the other. You should aim for 1% commission, also push then to limit the tie-in period to no more than 6 weeks, this gives then enough time to sell the house, but if they can’t you can move to another agent without going “multi-agent” which will increase the fee to about 3%+, a big no-no! Ensure you get a fair valuation, never tell an estate agent what other agencies have valued your house l
It is false economy to go for the cheapest Realtors, so get recommendations from all the estate agents you speak to and remember to ask for the name of specific people, rather than just the legal firms. Give them a call and ask what their charges are, also note whether they are they friendly, helpful, and most important efficient? Fees are negotiable so haggle! Play off each one against the other to get yourself the best service at the best price.
Thousands can be saved if you can sell your house privately. You could have saved thousands by taking the DIY route that one in twenty vendors are now resorting to. That is a massive money saving tip, but there are a couple of downsides, basically “time and effort”. You might be interested in newspaper advertisements, flyers and signs. Newspapers usually charge per line or per word so try to keep your advert as brief as possible without making it uninteresting. Using one of the many online house selling services is the simplest way to sell your house yourself.
Obviously selling your house when the market is strong and demand is high makes better sence, so keep an eye on the local property market. Aim to sell your house in early and late summer as the market generally tends to get stronger during this time than any other time of the year. Also avoid completing with your neighbours so if there are already a few “For Sale” signs on your street, it might be better to wait a bit.
Research has shown that a house that is presented poorly can take longer to sell and may result in reduction of price by thousands. So get your paint brushes out, give your home a lick of paint and finish all of those DIY jobs which are outstanding. Also talk to the estate agent about adding value to your property it maybe worth spending a bit of cash to make some more. However, be careful not to over spend, you might not get your money back, so talk all planned improvements through with your estate agent.
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Gavin King is the Designated Broker of Realty In Idaho.
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