Selling Your Home On Your Own
Thursday, December 22nd, 2011Is your family continuously growing that your present house is getting too small by the year? Do you have sufficient savings in order to buy a new home? If you anser yes to all these, then you will have to decide to sell your current house to buy a new one. In selling your house, you will first have to determine whether you will need an agent or not. You can definitely sell your house without an agent, but you will have to do all the work yourself.
You will need to call potential buyers, set up meetings, have an open house, and have your house listed in the directory for houses for sale. Do you have the time to do all these things on your own?. If you don’t, then you will have to hire an agent to perform all these tasks for you.
But if you can get away from work for a couple of months, then you go right ahead. To start, you will need to know how much your home is worth. In order to do this, you should get your home appraised. When the market is good, your home can be sold at 10-15% over the selling price. If the market is down, you can get no more than the actual appraised value of your home.
you will also need to include the necessary fees in the selling price. There will be legal fees, documentary stamp tax, solicitors fees, and the like. Before you hire a solicitor, you have to compare solicitors fees first. Solicitors charge according to the jobs they will be made to do. Compare solicitors fees for buying a house so you will be able to get more in the selling price.
Part of the process of selling is the home inspection. The potential buyer will make a pre-sale home inspection to determine if your house has passed the requirements set by your local laws.
Each state has its own disclosure laws. Disclosure laws require the seller to disclose to the buyer, either verbally or in writing, the presence of any hazardous materials in your home or significant flaws during the construction. This is to avoid future litigation.
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