Seller FAQ
-
How do I determine the right listing price for my home? Setting the right price involves a comparative market analysis (CMA) that evaluates similar properties in your area. An experienced real estate agent can help you with this.
-
Should I make repairs or renovations before selling my home? It depends on the condition of your home. Minor repairs and cosmetic touch-ups can improve your home's appeal and value, but major renovations may not always yield a high return on investment.
-
How long does it usually take to sell a home? The duration can vary based on location, market conditions, and the appeal of your property. On average, it takes around 30-60 days, but it could be shorter or longer.
-
What documents do I need to prepare before listing my home? Common documents include property deed, recent tax assessments, utility bills, and any warranties. Your real estate agent can guide you on the necessary paperwork.
-
Do I need to stage my home? Staging can help present your home in the best light, making it more attractive to potential buyers. Your agent can offer advice on staging or recommend a professional.
-
What are closing costs, and who pays for them? Closing costs include various fees associated with finalizing the sale, such as title insurance, attorney fees, and transfer taxes. Both the buyer and seller typically share these costs.
-
Should I be present during showings and open houses? It's usually best for sellers to leave the property during showings and open houses. Buyers often feel more comfortable discussing the property openly when the seller isn't present.
-
What is a contingency? Contingencies are conditions that must be met for the sale to proceed. Common contingencies include home inspection, financing, and appraisal.
-
Do I need to disclose issues with my property? Yes, you are legally required to disclose known defects or issues that could affect the buyer's decision. Failing to disclose could lead to legal issues later.
-
Can I sell my home while it's still mortgaged? Yes, you can sell your home while it's still under a mortgage. The proceeds from the sale will typically be used to pay off the remaining mortgage balance.