Selling your home for the first time is a big step. And if you're at least a day into the process, you've probably already found out there's a lot you don't know. It's your first time around though, so you're not expected to know it all. But what you don't know could cost you. Here's a look at three of the biggest ways a first time home seller can sabotage their deal.
If you have a child headed off to college in a part of the country that enjoys a much lower cost of living than your home area, you may wonder whether purchasing a small rental home in the area is a better investment than sinking thousands into room and board fees. In many cases, purchasing a college rental and obtaining a few roommates for your teen can help pay this unit's carrying cost during your teen's college career, and upon graduation, you (or your student) will have a tangible asset to leverage.
It's a good idea to give careful consideration when you're hiring a real estate agent to represent you. Picking a handful of agents and then meeting with them individually will give you a chance to hear about their credentials and expertise, get their perspective on your situation, and ask a variety of questions. It can often be effective to make a list of some important topics — but not necessarily ask about them.
When you're a senior citizen who is looking to a buy a new home, you may be looking for several features within the home. For example, some seniors favor a bungalow so that they don't have to navigate a set of stairs several times per day. As you look at different homes, you should also take the time to drive through the surrounding area, either with your real estate agent--someone like ERA Key 1 Realty Inc.
If you've been browsing homes for sale in the area and you are worried that your home isn't going to sell quickly when you list it, it's time to get professional real estate agent advice. You want an agent to help you get rid of the house you're living in at top dollar, and then to get into a new property while making a reliable investment. Here are a few tips to discuss with your agent to get rid of the house fast.