Selling

Consider This…

Explore your reasons for selling. Everybody has a reason to sell. If you aren’t truly motivated or committed to selling — if it just struck you one morning that you should move to the other side of town and you haven’t completely thought through the process — you could be setting yourself up for disappointment. Selling your home can be exciting, but it also takes work. You’ll need to fix all those little problems you’ve let go for so many years. You need to decide if you’re going to try to sell your own home or use a Realtor. And, you’ll need to be patient! Selling your home can take some time. Take a look under my Selling Tab and learn about the process and the pitfalls of selling your home, before you begin.

Also, call Realtors. Interview Realtors, talk to at least three local Realtors. Ask each listing agent to give you a marketing plan that explains what they will do to market your home. In addition, ask the Realtors to prepare a comparative market analysis for you and ask each for advice about reparing your home for sale.

When discussing preparation of your home for sale, compare suggestions and consider accepting the most sound advice. Generally, you will want to move out bulky and excess furniture. If repairs are needed before selling, consider that not all resale repairs will pay off. You don’t want to spend a lot of money making improvements but you do want to repair obvious maintenance issues, if any have been neglected. You may consider Home Staging, especially if the property to be sold is vacant. Depending on the scale of the staging, I do help stage often. You can also hire a professional stager or stage it yourself. You could get more for your home if it is staged.

Most importantlly to you is usually the Home Pricing. Do not select a Realtor based on suggested sales price. Some Realtors will overbid each other to get the listing. But do not overprice. Homes that are overpriced often sit on the market longer than average and sell for less than market value. I will prepare a Net Profits Sheet for the seller. I always prepare the net sheets for sellers with an average, showing a low price and a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will let you buy the home you want, it’s time to find financing.

First, call your existing lender to find out exactly how much you need to pay off. You should order a beneficiary statement. Then check out new financing offers from your own lending institutions and credit unions. If you would like to consider other lenders, I can refer local mortgage lenders that are reputable. Often, mortgage lenders have more flexibility to discount rates and are more competitive. Ask for a Good Faith Estimate - GFE. Compare rates and fees. Get a loan preapproval letter, so you know how much of a mortgage you will qualify to obtain. You don’t need to apply for the maximum mortgage, and a lower mortgage payment might make you more comfortable in the long run. Compare mortgage loan types and choose wisely.

Good Luck!

If you would like to receive more information regarding selling your home or a FREE Right Price Analysis, please contact me directly at Jenn@JennferSellsOklahoma.com or call 405.625.1576.