Selling your home is a big decision and it’s normal for questions to arise. There is a multitude of factors that influence your selling like market conditions, the worth of your home, and more. As leaders in the real estate industry, we want to guide you through the process and help you receive top dollar for your home. Luckily, there’s no better time than now to sell your home, so we put together some common questions about selling.
How should I prepare to sell?
Preparation is key! When selling, you want to make all buyers feel right at home. If you can, make time to declutter, deep clean, and make any necessary repairs. Staging is a great tool to ensure buyers feel at home and get you the best selling price. Staging can be as minimal as adding some accents to your kitchen, or as big as remodeling a bathroom- it’s all up to you. Preparation takes time and effort, but it’s worth it in the long run!
How do I price my home?
To achieve a successful sale, it’s crucial to understand what the market will pay. Pricing depends on a variety of factors like location, condition, age, supply, and demand, as well as local market conditions. As local realtors, we recommend conducting a Comparative Market Analysis, to ensure your home is priced just right. If you have time or think it will be beneficial for your home, you can choose to have a professional appraisal of your home before selling.
What is the difference between list price and sale price?
A home’s list price is the current price listed for the home whereas the sale price is the final price a home is sold for. Often, experienced real estate agents can suggest list prices that are very close to the final sale price, so we recommend seeking advice on how to price your home. In today’s market, your home may sell for more than the listing price, so call an agent today if you’re thinking about selling your home.
What are some common bank repairs?
If the buyer is obtaining financing from a bank, the bank will complete an appraisal. An appraiser looks for any home concerns or safety hazards when performing an appraisal. The bank will determine a dollar amount that the seller should cover for bank-required repairs, like missing handrails, broken windows, peeling paint, missing electrical covers, and roofs in poor condition. This happens after a buyer submits a purchase offer, but sellers can have their home appraised before selling too.
What happens if the appraisal value comes in too low?
While ensuring there are no safety concerns at the home, the bank appraiser also confirms that the home’s value matches what the buyer and seller have agreed on. A confirmation from the bank appraiser is not always given, and there are many scenarios where an appraiser determines the value of a home is lower than the agreed purchase price. If this occurs, the buyer covers the additional appraisal costs out of pocket to match their loan amount, which is what the home is appraised for.
Get expert advice on how to sell your home.
No matter the question, we want to utilize our knowledge and experience to help you during the selling process. Selling your home can be stressful, and our team at Southern Homes wants to help you make your experience successful and stress-free. As leaders in the real estate industry, Southern Homes is committed to selling your home for all its worth and more!
Sell Your Home Fast with Southern Homes Collective
Proudly serving the Nashville area, we are the premier choice for buying or selling. Our expert team is ready to support you every step of the way! Call us today at 615-648-4880 or contact us online to begin the conversation!