5 Tips You Can Use To Save Money When Selling Your Home
Your home is undoubtedly the most valuable asset for the vast majority of us and selling it will cost thousands. Using the money saving tips in this article should bring about a reduction in the 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.
Savings worth thousands is possible if you can sell your house privately. One in twenty vendors are now taking the DIY route which could save you thousands. That is a massive money saving tip, but there are a couple of downsides, basically “time and effort”. Newspaper advertisements, flyers and signs are some of the things that you might think of. Newspapers generally charge per line or per word so make sure your advert is as brief as possible though not uninteresting. The simplest way would to sell your house yourself is to use one of the many online house selling service.
Keep yourself informed of developments in the local property market since it’s best to sell your house when the market is strong and demand is high. Generally, the market tends to be stronger in early and late summer than the rest of the year, so aim to sell your house then. 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.
Kent Swig
Research has shown that a poorly presented house can lead to delay in getting it sold while also leading to a reduction in 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.
Tags: For Sale By Owner, fsbo, real estate
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