A home inspection is quite important in
avoiding complications during your sale. The seller will get an inspection, but
discovering problems during a pre-sale home inspection allows you to have more
control over how to handle them. If your home inspection
does uncover problems with your home, it is essential that you familiarize
yourself with your state’s disclosure laws to avoid future litigation. These
laws vary from state to state, but they generally require you to disclose,
either verbally or in writing, the presence of any hazardous materials in your
home or significant flaws in construction. If you’re unsure of what you have to
disclose, consult a real estate agent, attorney or your local housing
authority.Remember, patience is the key. Yes, it is true that realtors express
concern that homes can go “stale” after being on the market for too long,
meaning they are no longer attracting interest from buyers. But a stale sale
usually results from a seller overvaluing his or her home. The opposite can
also occur: in a rush to sell a home, or to sell in time so as to move into a
new house, a home can be undervalued. Finally, if you are able, try to put your
home on the market as long as possible before buying a new one. Otherwise you
may end up paying two mortgages, which can be difficult to afford. If you do
end up finding a house that you can’t wait to buy before selling your own, you
can ask your lender for a bridge loan. A bridge loan is a special type of loan
that, if you have enough equity in your current home, allows you to pay the
down payment on a new home. You may also be able to get a home equity loan in
order to help with the dual mortgage payments.
Now, if you have ever been in a situation
where you need to sell your
own house fast, you know how frustrating it can be. Day after day, you
hope the perfect buyer will come along and make a great offer.Fortunately,
there are ways to speed up the sale of your home, without sacrificing profit. For
example, nothing is more important than a first impression. So consider what a
potential home buyer may think as he or she drives up to your property for the
very first time.Walk out into your street and look, and I mean really look, at
your home to see its shortcomings and then work on them.
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