Whether you have a current sale that isn’t getting the results that you want, or a future sale that you want to make sure you get it right the first time, this article will give you the tips you need to have a successful real estate sale.
To make money selling real estate, you have to start by purchasing it in the right location. A neighborhood that is stable or improving, will generally be a good area to attract buyers down the road when it is time to sell. But a neighborhood that is going downhill, is going to weaken your investment.
Consider the benefits of using a realtor. Nowadays, more people are trying to save money by selling their house without using a realtor. This is only advisable if you know exactly what you are doing. An experienced realtor can price your house correctly, know exactly where and how to advertise, and will take buyers on a tour of your home. Bear in mind that any costs incurred are in the agent’s commission. On average, a seller using an agent gets 16% more for their home.
Re-evaluate your home market value. If your house has been up for sale for long, your house might not be worth what you think it is. Appraisals that are even a couple of years old can be outdated. The Federal Housing Finance Agency, or FHFA, has an appraiser code of conduct for accurate evaluations of the value of your home. Don’t always trust your agent. If he tells you that your house is overpriced, he might just be trying to sell it quicker.
If you bought your home several years ago you probably financed somewhere between five and six percent interest. Now might be a good time to consider refinancing. With the real estate market as bad as it is today, finance rates are hovering around three percent. This will save you thousands of dollars over the long haul.
Your success in real estate is determined by the knowledge you have and how you execute that knowledge. The tips and advice that have been suggested in this article will give you the basis to make some really great decisions and have a super successful sale of your home or property.