A few years back I was planning to sell my home and I went through all sorts of problems to get the job done. I did not know where to start and I had never done this before. For me it was a big sale and I was worried that my plan to sell my home would end up creating a lot of problems for me financially. So after going through my touch experience I decided to write down my experiences in order to ensure no one else would have to go through the same troubles that I did. The following is a list of basic steps that I learnt when I was planning to sell my home:
Step#1: home much is the old place worth
The very first thing that you should do is get your house valued. You want to know what kind of a price tag is attached to this property. This is important because naturally you’re going to be shifting into a new home and you would want to earn enough from the sale of the old (plus your savings) to be able to buy or mortgage a new place. This is one of the most important things that I learnt when I was planning to sell my home. And the key here is to ensure that the surveyor you hire is a competent and honest person with a license to conduct this sort of work from the appropriate local body. I would further recommend that you get a second opinion and make sure you keep the valuation reports because they will definitely come in handy, il tell you why later on.
Step#2: start marketing
The next important step involves letting the right people know that you’ve got a property you want to sell. Notice I use the word right, that’s because there is no point in advertising for property sale in places that potential customers do not read or see. That is the second most important lesson that I learnt when I was planning to sell my home. I was told that this is called effective marketing. In other words you want to spend as little as possible on advertising and reach as many of the target market as possible. this is not that difficult, you simply put yourselves in the shoes of a potential buyer and ask where would you go to if you wanted to buy a similar sort of property. A friendly tip, use a combination of marketing sources and don’t ignore the net.
Step#3: Let the bargaining begin
Finally, clean up the place and invite potential customers to view the house first hand. Make sure your legal documents are in order because if they are not then it will be very difficult to get the property sold. Now you may remember in step 1 I told you to hang on to your valuation report well here is why. You have to use the valuation report as a benchmark when negotiating with potential customers. You can if you like show them the valuation report or the customer may request a valuation at his/her own expense and then it could come down to your report against theirs. So the valuation report is a very important document that you need to hold on to.
