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5 Questions to Answer Before Listing Your Home
It takes an average of 41 days on the market before you will receive your first bid, this may variy based on several things. Once you have accept an offer it takes anywhere from 30-45 days to close on the house. If you can answer the 5 questions below the process will be quicker and more enjoyable.
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How much do you need to sell your house for in order to break even? Make sure you include any upgrades and interest paid on the mortage. Do you want to just break even or make a profit, if you want to make a profit how much is acceptable?
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What is an acceptable time frame, make sure you area clear with your realtor on this timeframe.
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Where are you going to move to? Can you afford two mortgages and does it fit into your timeframe?
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Do you need to make any changes before placing it on the market? Consult an expert on the presentation of your house, small changes can make a big difference. Neutral colors, staging furniture, curb appeal are all things that can significantly increase the value of your home, for small upfront costs.
- Will your house appraise for what you are asking? Often times the biggest hold up on closing your house is the appraisal, everyone is ready to sign the paperwork and the house appraises for 20K less. If you are aware of the possibility of this happening you and your realtor can have options for the buyers already prepared.
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