Decided to put your home on the market? Looking for home selling tips for Jesup, Ga. Keep reading.
1. Price Home Competitively
While it may be be tempting to take advantage of the lack of inventory on the market, it would be in your best interest to market your home competitively.
Overpriced homes will sit on the market longer and may result in a financial loss. Price your home at a price that the market dictates and you will have greater success with selling your home.
Now that you have priced your home competitively and the result is a bidding war. Congratulations! While this is great news, you will need to screen your offers to make sure they fit your needs.
-Has the buyer been pre-approved for a mortgage? You don't want to accept an offer and the buyer hasn't spoken to a lender yet. You want your potential buyer to demonstrate financial stability to purchase your home before you take it off the market.
-Is there contingencies that will make the deal more precarious? The more contingencies an offer has, the more hurdles you will have to face. It may be easier to accept an offer that has less contingencies and has a stronger chance of closing.
-Is the offer over the home's appraised value that a lender is is unlikely to finance the sale? Here's an example. If your house appraises at $300,000 and you receive an offer for $350,000 , will the buyer have the means of coming up with the additional $50,000? Keep in mind the lender will only finance at the appraised value.
While ruminating over home selling tips in Jesup, Ga, also think about the concessions that you will be willing to make. Think about the needs that need to be met before you decide what concessions you will make.
-Are you willing to negotiate on the asking price?
-How flexible are you with the closing date?
-Are you willing to pay for some repairs of requested?
When you find the right buyer with the home selling tips in Jesup, Ga, it's imperative for you to know how long it takes for a loan to close.
FHA Loan: 52 days
Conventional Loan: 46 days
Va Loan: 53 days
Need more home selling tips. Read this article to get your house ready for the market.