Make these financial decisions before putting your home up for sale
If you plan to buy another home and have the money from the sale of your current property.
Make sure you qualify for financing if you're going to buy another property.
Don't waste time offering at a much higher price than the market can bear.
If you're working with a real estate agent, make sure you understand and agree with the compensation
Have a list of items you want to sell and a list of items you do not want to sell.
Basing on the properties of neighbors that have NOT managed to sell.
Trying to recover the money invested in renovations.
Basing it on a personal financial need.
Attempting to sell without motivation or necessity.
Starting with a high price to 'test' the market and lowering the price in the future.
7 strategies to determine the correct price.
Use properties that have successfully sold in the last 3 months (up to 6 months if necessary) to determine the average selling price within the community.
Analyze the available properties in your community to position your property as the number #1 option in the market.
In case of doubt, hire the services of a professional appraiser.
Be aggressive in pricing, start with a very attractive price to create competition among buyers and have multiple offers to negotiate.
Take into account the number of days those units were on the market before being sold.
Mortgage balance.
Loan payoff amount.
Debt release.
Commissions.
Registration fees.
Prepayment penalty.
Notary fees.
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