7 Common Questions from Home Sellers

Posted by Blanchard and Calhoun on Monday, February 10th, 2020 at 11:44am

Selling Your Home with Blanchard and Calhoun Real Estate

Selling your home can be a complex process that is why we, at Blanchard and Calhoun Real Estate,  have a team of professional real estate agents that are ready to guide you through every step of the selling process. We know you have a lot of questions; therefore, we have answered some of the most frequently asked questions about selling a home below.

  1. Do I have to have an agent to sell my home?   Technically no, but you’d be ill-advised to attempt to sell your home on your own.  While there are many reasons why it’s best to partner with an agent, two of the biggest reasons are negotiation and real estate laws. If you decide to list your home as “For Sale By Owner”, you will be legally liable for the contract and adhering to any real estate laws. Any mistakes made can cost you greatly if you don’t have the knowledge and experience. It would be in your best interest to hire a licensed real estate professional.

  1. How do I figure out the value of my house?  Your agent will use Comparative Market Analysis (CMA)  or a comparable sales report “comps” to determine the fair market value (FMV).  This analysis will compare your house with other similar houses that have sold in your area.  

  1. When is a good time to put my house on the market?  As of right now, it’s a seller’s market and now is a great time to put your home on the market. A seller’s market occurs when there are more buyers than there are properties. You can determine if it’s a seller’s or buyer’s market by asking your agent or going online to look at the number of homes that are selling in your area.  

  1.  What should I do to prepare for my home to sell?  Your agent will evaluate your home and provide you with a checklist to ensure your home is ready to hit the market.  Tasks you can expect on a checklist may include repairs, yard maintenance, cleaning, decluttering and freshening up the interior and/or exterior.

  1. Should I get an inspection before listing my home?  It’s not required to get an inspection prior but it’s a good idea.  A prospective buyer will purchase an inspection of your home, so it’s a good idea to purchase one too. This way you will know exactly what kind of condition your home is in.  With this knowledge, you can go into the sale aware of the issues that may concern buyers.

  1. What is the difference between a list price and sale price? A list price or “asking price” is how much the house is being put on the market for. The sale price is the price that the home actually sold for.

  1. How can I find a listing agent? You can find a knowledgeable seller’s agent here

Don’t see your question here? Contact us anytime. We will be happy to answer any questions you have.

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