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Selling a House

Selling-a-House
Real Estate

Things You Need to Know Before Selling a House in Georgia

by Sudarsan Chakraborty 15 November 2021

As the economy improves, more people are deciding to sell their homes. This is a great time for sellers because many buyers are looking for real estate deals. Selling your home can be an overwhelming process, but you don’t have to do it alone. Our blog post will give you some valuable tips on how to get started with selling your house in Georgia!

The Time It Takes to Sell a House

The amount of time it takes your house to sell depends on the market. If you are selling during peak months, which is typically spring through fall, then this process will take longer than if you were selling during off-peak months like winter or summer. For example, an average home located in Atlanta may be listed for sale anywhere from 30 days up until six months before receiving an acceptable offer. An average home that sells quickly might only sit on the market for two weeks while homes that tend to linger can stay for several months. Simply searching online by typing “sell my house fast in Georgia” in the search bar can give you a better estimate on how long your house will sit before finding an offer. This does not mean that your home will necessarily take twice as long when compared with another home’s time on the market, it just means that homes in general typically sell quicker during certain times of the year.

The Benefits of an Open House

One way an open house can benefit you is by helping you find any problems with your house before they turn into major issues. If potential buyers notice wear and tear or damages while touring through the home then they may offer less money than if these items weren’t present. By allowing people into your house via an open house, not only do you have the opportunity to showcase all the great features of your home, but you also have the opportunity to identify potential issues.

Another benefit is that it allows you to collect valuable feedback about your house from a variety of people including those who are interested in buying and selling as well as neighbors and friends who may not be on either side of this transaction. This information can help you determine if there are any major problems with your property or if its priced too high for what others think it’s worth so that way before going through the hassle of finding an agent, preparing your home for sale by cleaning up clutter and sprucing up dreary spaces, pricing correctly based off market trends which will allow potential buyers enough time to view it without rushing their decision, then listing properly using real estate websites or traditional means, you can save yourself the trouble by making these changes now.

Being Realistic About Your Home’s Value

As mentioned before, the value of a home is determined by many different factors including location, size, style, and condition. If you are expecting to get top dollar for your house because it’s in an amazing neighborhood or would make a perfect tear-down then chances are it will receive low offers if anything at all. Similarly, if you have been living in your home for several years while taking good care of its appearance but refuse to spend any money on renovations then buyers may notice that this could be costly down the road which can affect how much they’re willing to pay. In both cases, these homes would not sell quickly unless their price was greatly reduced from what others were offering them for so being realistic about your property’s value helps potential buyers determine how much they’re willing to pay which in return helps you sell your home faster.

Pricing Your Home Right 

Pricing your home right is one of the most important things. If you price it too high, nobody will buy it and if you sell it for less than what it’s worth, then people won’t want to pay more later on once they realize that others are willing to pay higher prices. A lot of times when someone sells a house in Georgia they might ask their real estate agent how much should I list my property? The answer depends but there are some general factors such as square footage or location which can influence this decision.

The Importance of an Agent

If you are planning on selling your home without the help of a real estate agent, then it is important to be prepared. When you sell your house in Georgia by yourself it will take much longer than if an agent helps with the sale. An agent will know how to market and price your property correctly so that they can get it sold fast for top dollar! This means more money for you in return which is why hiring one when trying to sell my house was very beneficial.

Sellers May Have to Pay for Title Insurance

This means homeowners who are selling their homes may have to pay for a new policy, which can be expensive. The cost of an owner’s title policy varies but averages between $350 and $800 depending on the size of the home being sold. If there has been any improvement or construction completed since your last homeowner’s title policy was issued, you will also need to update this coverage because lenders won’t cover improvements built after they issued an original mortgage loan commitment letter (unless otherwise specified).

The Seller Has to Disclose Prior Problems in the Home

Georgia law requires sellers to disclose any known issues with a home’s structure or systems. Sellers must also accurately describe and report physical problems associated with the house, such as cracks in walls, peeling paint on exterior surfaces, and foundation damage. This is not only beneficial for buyers but helps you avoid lawsuits later down the line if any of these issues become apparent after closing. The Real Estate Commission recommends that homeowners keep thorough records when they discover an issue during their ownership period so it’s easier to provide documentation when requested by potential buyers or their real estate agents at showings. It may be helpful to create a binder filled with all relevant documents specifically related to your property, including copies of your homeowner’s insurance policy, reports from pest control companies, receipts for repairs and maintenance items, annual tax statements, and all inspection results.

Before you sell your house, there are several documents that you’ll need to complete. You will also want to make sure the property is fully repaired and ready for sale.

15 November 2021 0 comment
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Selling-a-House
Real Estate

7 Pro Tips For Selling a House (Successfully)

by Sudarsan Chakraborty 8 October 2021

Are you getting ready to put your home on the market? You have a lot of work ahead of you if you do. With hundreds of thousands of homes sold every year, you have to do a lot to stand out in a competitive market.

Unfortunately, it isn’t always easy to find a great homebuyer when you’re selling a house. Follow the seven tips below to learn how to sell a house fast.

1. Remove Your Personalization

It won’t be surprising if you have a lot of personalization in your home. After all, you want your house to feel like it’s yours. Having unique furniture and decor helps you make that happen.

Unfortunately, that won’t make selling your home any easier. If you have a unique taste that few other people enjoy, you won’t get as many potential buyers. People want to see themselves as the owner of the home.

If they don’t enjoy the decor, it’s harder for them to get that image. Remove your home’s personalization and make things as neutral as possible. The widest number of people you can appeal to, the better.

2. Clean Your Clutter

Having enough square footage isn’t always enough to give the appearance that you have a lot of space. The amount of clutter in an area can make things seem smaller than they are. Having a room that looks smaller is a problem when you’re trying to sell a home.

People want to know for sure that a home has enough space to store all their belongings. That makes cleaning your home and removing clutter essential.

Start in your main living areas. Keep the amount of stuff on your countertops to a minimum. Once you clean the main parts of your home, clean out and organize your closets to help it look like your storage space has enough room for many things.

3. Take Professional Photos

Once you clean and de-personalize your home, you’ll need to encourage potential homebuyers to visit for a home tour. The question is, how are you going to promote your home online when so many other houses are for sale?

Your home information will only tell people so much when they’re browsing real estate listing sites. You’ll need great photos if you want people to know what your home’s really like.

If you can, get professional images taken for your home. A real estate photographer will know what people look for when browsing for homes.

4. Do Some Landscaping

One of the best things you can do when selling your home is to do your best to provide a great first impression. Your online photos start this process, but they can only do so much. You’ll need to do your part when people tour your home for the first time.

Your landscaping can make or break someone’s first impression of your home. It’s the first thing people see when they first arrive. If things look bad, it’s going to be more challenging to impress them when they head inside.

Start by cleaning up your yard. Mow your grass and ensure all your trees and bushes get trimmed. Once you complete this, add a few flowers around your front door to brighten up your yard.

5. Make Repairs

There’s no getting around the fact that homebuyers will pay for a home inspection when they make an offer on your home. They want to make sure there aren’t any surprises when they move in. The question is, do you already know what repairs you need to make?

Get a home inspection yourself before you list your home. Your goal should be to make any repairs beforehand so potential buyers don’t find problems when they get an inspection themselves.

Doing this lets you move along the sale process more quickly. If you’re already going to make repairs anyway, you may as well do them early and get them out of the way.

6. Hire a Great Real Estate Agent

Even if you use all the tips for selling a house that you can find, it may not be enough to move your home. Many factors go into how the current real estate market works. Unless you’re experienced in the industry, you may not know what the current conditions are.

If you’re in this situation, you might not understand how to position your home for a fast sale properly. People who understand the current market will appeal more to home buyers and sell their homes quicker than you.

Hiring a real estate agent helps solve that problem. They understand the current market conditions and what it takes to sell in your location. They’ll walk you through everything you need to know to get your home sold.

7. Sell Your House As-Is

If you want to sell your home fast, you might not have the time or money to take care of any repairs. Unfortunately, most regular homebuyers won’t show interest in your home when it needs a lot of work.

Luckily, there are some buyers out there that will give you offers. Some companies specialize in buying fixer-upper properties and flipping them to make a profit.

Keep in mind, though, that you probably won’t get your full asking price when working with this type of company. They need to make a profit, so you’ll need to lower your sell price. However, you will get your home sold fast, so make sure you check it out.

There Are Always Ways to Improve Your Chances of Selling a House

Even if you have a great home in a great location, it won’t always be easy to move your home on the real estate market. The market conditions change often, so it can sometimes be harder to find someone to buy your home. Use the tips above to make selling a house easier in any market condition.

8 October 2021 0 comment
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Selling-a-House
Real Estate

What to Expect During the Process of Selling a House for Cash

by Sudarsan Chakraborty 24 April 2021

Whether you are selling your first house or you’ve done this hundreds of times, the closing process of selling a house for cash is always complicated. There are a lot of people involved, including a title company, an escrow company, lenders, the buyer’s real estate agent, and the buyer themselves. 

Thankfully, when you get a cash offer on your house, the selling process is somewhat simpler. The risk of the deal falling through can be lower, there isn’t as much paperwork, the timeline can go faster, and there are fewer parties involved. 

So what can you expect during the process of selling a home for cash? Keep on reading and we will walk you through everything that you will want to know. 

1. Sign the Contract

The first step is closing is accepting the buyer’s offer and completing a Purchase and Sale Agreement contract. This is usually known as “going under contract.”

2. Verify Proof of Funds

The buyer is using their own cash to close the deal. This means that you will want to make sure that they actually have the money available. 

Usually, you will ask for earnest money upfront, around one or two percent of the sales price. You want to request proof of funds in the form of investment or bank statements.

The real estate agent can help you with this process. 

3. Hire Title and Escrow Companies

Depending on the state, you might pick the companies, or the buyer might do that. A title company is in charge of making sure that the property lines are correctly drawn. They will also issue title insurance and make sure that the actual property ownership changes hands.

The escrow company is in charge of managing all of the closing documents. They also complete the legal document that records the sale and deal with the transfer of money. 

The escrow and title tasks are sometimes handled by the same company. 

4. Pass the Home Inspection

It is common for buyers to submit an offer with an inspection contingency. This is an addendum that states that the buyer is going to pay to have an inspection done. But they need to have the option to renegotiate or request repairs based on findings. 

After this final negotiation is complete, you are ready for closing. 

5. Review and Sign Closing Documents

This is the part of the process where you are going to sign a lot of papers. Even though this is a cash sale, there are still a lot of documents to go through. 

Make sure to find out more about selling a house for cash if you are interested. 

The Importance of Knowing What to Expect During the Process of Selling a House for Cash

Hopefully, after reading the above article, you now have a better idea of what to expect during the process of selling a house for cash. As we can see, there is a lot to deal with but it is still a simpler process than other selling situations.

Make sure to check out the rest of our site for more helpful articles!

24 April 2021 0 comment
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