Most common questions sellers have before selling their home!

• How much is my house worth? This is very important. You must speak with a trusted real estate agent who can run a free comparative market analysis to see what properties around yours have sold for in the last 6 months!

• What is your commission? This is how much the real estate company charges for listing and marketing your home to other real estate companies and prospective buyers! This varies depending on the area of the country you are in and the real estate office you choose. Typically it’s 6% of the sale price in most areas! (On average, a home listed with a trusted real estate company sells 10% higher than an individual selling their home)!

• Do I need to make any repairs? It depends on what type of repairs you have, minor ones will need to be done ideally before listing and others can be negotiated during a transaction between buyer and seller. In some cases, for instance, home insurance may cover roof damage or a similar repair depending on the circumstances.

• How fast can my house sell? This depends on the housing market, the motivation a seller has to move and the cooperation of all parties involved such as the lender, buyer’s agent, title company, inspector and appraiser. All parties working together along with you and your agent make for a smooth and fast sale, as long as there are no unforeseen issues that arise!

• What is my “bottom line” after fees? Most seller’s want to know what is the net amount they will take home after all expenses and fees are paid. This varies depending on many factors such as the price of the home, the title fees, realtor fees and the payoff amount owed to the bank, if any! The listing agent should go over a seller’s net sheet when meeting with you about selling your home and give you an estimated amount before listing and closing on your home! This will not be an exact amount due to what day the actual closing is because of tax prorations, etc.; however, it will be a great guide to help you when financially planning your next move!

These are some common questions I get as a real estate agent! There are several steps to selling a home and if done right can be a fairly smooth process. When is a good time to sell? Many different reasons!

• When you need to upgrade!
• When you need to downsize!
• When you have a job change!
• Health Reasons!
• Closer to family!

All good reasons to sell, right? One major reason could be the market is experiencing what we call a “seller’s market!”

This will allow you to get the most out of your home and save for another home, to pay off debt, or for other reasons such as, you might need fast cash or you may want investment property!