How to Get the Best Price for Your Home
If you’re planning to sell your home, whether it’s a buyer’s or seller’s market, one thing you don’t want is to leave money on the table. But how can you stop this from happening? How do you know you’re getting the best deal for your home?
On this episode of How’s the Market: Real Estate. Real Answers, Nancy Braun, owner of Showcase Realty, along with Wes Pruitt of Reliance First Capital discuss how to get the best price for your home. Listen to it now!
A great tool is to have a pre-inspection. I know locally we don't really invest a lot in that but it could go a long way if you market the home as pre-inspected and everything's been repaired per the inspection report. That's gonna really give a buyer a lot of confidence in the home and maybe showcase your house above all the others. - Nancy Braun
Most things around the house only last a certain period of time. Paint and carpet for example. They need to be redone and your professional should be telling you those things when they come in and review the house. - Wes Pruitt
For the seller, if you have equity in the home and you have fairly good credit, a HELOCK is a fantastic program, it's a short loan, a home equity line of credit. That is a tremendous avenue in order to get the repairs done if that's what you need to do. Wes Pruitt
FHA has a fantastic 203K program. The buyer could look at a 203K and include that in the budget in order to get repairs made upon purchasing the home. - Wes Pruitt
Studies have shown that 90% of the buyers found their homes on the Internet. The Internet's key. That's why it's very important that your pictures and virtual tours on the Internet really showcase the home. - Nancy Braun
If you're selling a home, you are probably ready to buy a home as well so rather than waiting until your home's sold, you should call a lender and get pre-approved so you know how much money you may need to set aside to purchase your next home. - Nancy Braun