If you've made the decision to sell your home, wether it be because of a job transfer or you've simply outgrown your current home, you'll find here a step-by-step guide that will explain how the home selling process works. My goal is to inform you with the most accurate and up to date information so that you never feel uncertain or overwhelmed. It's not only my goal that you leave here with more knowledge, but with me as your Realtor you can feel confident and at ease, because I'll be with you every step of the way.
FAQ's Before Selling A Home
1. How much is my home worth?
Determining how much your home is worth is something you should always have a local Realtor do. Websites such as Zillow will show an "estimated value" for your home and it can be very misleading. Sometimes their estimates are significantly higher or lower than the true value of your home. Websites like Zillow run off an algorithm that doesn't usually take into account for any upgrades or renovations that you may have done. A local Realtor will take the time to look into all the necessary details to determine the true market value of your home.
2. How do you determine how much my home is worth?
The most common way to determine the value of a home is to do a comparative market analysis. A comparative market analysis also known as a "CMA" takes into account all of the recent homes that have sold usually within the last 6 months sometimes up to the last year that are comparable to your home. A CMA report will give a range in pricing, however it's not a guarantee that your home will sell at any given price that the CMA results show. An experienced local Realtor will guide you on the best listing price so that it actually sells as close to that price as possible and sometimes even higher.
3. What information do I need to disclose to potential buyers?
When selling your home it's very important to disclose everything you know about your home to your Realtor and to buyers. Your Realtor will have you fill out a form known as a "seller's disclosure" the form lists a series of questions regarding things such as the age of your roof, to questions that will ask if there has ever been any kind of leak in your home. It's important to always be honest about these things. No one wants to get the raw end of a deal. If you are aware of any current issues it's usually best to fix them before putting your home on the market but you'll want to discuss all of this with your Realtor.
Palmano Group Real Estate Brokerage
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