Sell Your Home - A Real Estate Home Seller's Guide

 

selling in VancouverAre you ready to sell your home? If you are, one thing is certain: You want to get the most amount of money for your home in a reasonable amount of time. Where people differ is what they consider a reasonable amount of time.

 

The amount of time you are willing to wait to sell your home has a direct correlation to the amount you can expect to profit. There are other factors that will influence the amount you can expect to receive for your home. We will discuss several of these contributing factors in the following home seller's guide.

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First Time Home Seller's Guide

When Should You Sell Your Home?

 

home sellers guideEvery home seller's guide answers this question differently, but the answer is simple. You should sell your home when you feel it is time to move. If you have a job offer or simply must move, it is time to sell your house, but there are times of the year and certain economic conditions that make selling your home an easier and more profitable proposition.

 

It’s no secret that homes sell for more in the summer and spring than they do in the winter and fall. The reason for this is fairly straightforward: There are more potential buyers in the summer and spring. You must remember that many potential buyers have children in school. They are much more likely to buy a home in the summer or spring to avoid upsetting their children’s schedule.

 

Fees Associated with the Sale of a Home
There are several fees associated with the sale of a home. These fees will reduce the amount you can expect to profit from selling your home, but remember, that these costs are part and parcel of the home selling and home buying process. Many of these fees are shared by the seller and the buyer.

 

Some fees you may be required to pay:
- Home inspection fee
- Part or all of attorney’s fees and outstanding taxes, also known as closing costs
- Mortgage discharge fees
- Sales commission to realtors
- Minor repairs and updates to your home.

 

Should You Buy or Sell First?
The answer to this question depends on housing availability and your financial situation. You never know when you are going to find your dream home, and you certainly do not want to allow someone else to buy it. If you can cover the expense of carrying two mortgages for a limited time, it might be a good idea to put a home under contract before selling your existing home. If you do not think you can make two house payments at the same time, you will need to sell your home before buying a new one.

 

Ideally, you will be able to have your house under contract, find a new home and close both deals within a few days of each other – minimizing the amount of time you need to find a temporary place to stay.

 

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