RESLIST SELLER'S GUIDE
If you are thinking about selling your home, there can be many factors involved. Below, you'll find highlights of the factors to consider when exploring your options.
Seller Frequently Asked Questions
How much is my home worth?
With the recovering economy and mortgage interest rates reaching record-low's, market values all over the country have seen steady growth. In a favorably "seller's market", a well-priced home will generate competing offers and drive up the final sale value. RESLIST's free CMA (Comparative Market Analysis) takes into account the most actively searched prices and home values in your area and provides you with a detailed evaluation that puts it all in perspective. From there we provide you with comparable listings in your area, which gives you a better view of your specific market.
When is a good time to sell?
While now would be considered a good time due to consistently rising home values, the decision to sell can be emotional as well as financial. With there being no way to know what the future holds, or how the market will shift, so your best bet is to sell your home when it makes the most sense for you. People decide to sell for a variety of reasons, whether it be to take advantage of a lucrative market, changes in your personal finances, or family size. At the end of the day you know what your family needs better than anyone else. BUT, if you'd like to see what options are out there for you, a RESLIST Listing Expert is only a click away.
Should I sell my home or rent it out?
Sell it, through us! Just kidding, like many other decisions in real estate this one come down to a variety of factors along with your own personal preferences. The purely financial way to think about this in is terms of how much you will gain from each option. Talk to a RESLIST Listing Expert to determine how much comparable properties in your area are selling for, and how much landlords are getting for rent. You will also want to look at comparables from the past few years to see if you can see a trend in your area. Knowing whether the area is improving or in decline can help guide you when thinking about future income potential. Will you need to make upgrades to attract tenants, or are there any major repairs that you will need to take care of before selling? These factors should be discussed when you decide which option makes the most financial sense for you. On the personal side you need to ask yourself if you are ready to be a landlord. Yes, sometimes that can mean just cashing the checks on the first of the month, but being a landlord can also mean late night phone calls, vacancies, law suits, and all kinds of other issues that will add additional stress to your life. The rewards can be great, but they don’t come for free. How much risk are you willing to take on, and how much reward do you expect to gain?
What should I look for in a listing agent?
- References: Ask previous clients what their asking price was and what the sales price ended up being. Did they enjoy working with the realtor and feel like their best interest were represented?
- Credentials: Contact state regulatory boards to determine licensing and research any disciplinary action or complaints. Check for additional specialty designations: CRS (Certified Residential Specialist): Completed additional training in handling residential real estate | SRES (Seniors Real Estate Specialist): Completed training aimed at helping buyers and sellers in the 50-plus age range.
- Awards: NAR “Realtor of the Year” is a great achievement, but anything that shows you that the realtor has expertise in your area will be beneficial for you.
- Experience: 5 years or more in the area you are looking is preferred. Remember, you are interviewing them. You don’t have to hire anyone who doesn’t meet your requirements.
- Communication Style: Do you like to use text, email, phone, telegraph, or carrier pigeon? Whatever your preference, your realtor should adopt your style.
Should I sell or refinance?
First things first, do you like your current home? If your current home meets all your needs you are probably better off staying put and refinancing. Don’t forget moving involves costs, and if you will be buying another property closing costs, and agent commissions will eat into any equity you gained on your current property.
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