3 Questions To Ask Yourself Before Listing Your Home! Deciding to list your home for sale is a big decision. And while there are many reasons you might want/need to sell, here are 3 questions you should ask yourself; and have answers to, before taking that step.
1. What is my plan to get my property ready for sale? Assessing the value of your home is an important first step. Talking with a real estate professional will help accomplish that. They will be able to tell you what comparable properties in your area have sold for and what you can expect to sell your property for. They will also know specific market conditions and be able to help you put a plan together. 2. What are the costs associated with selling? Here is a list of costs you’ll want to consider.
- Real estate commissions (plus tax)
- Mortgage discharge fees and penalties
- Lawyer’s fees
- Utilities and property tax account settlements
- Hiring movers and/or storage fees 3. What is my plan going forward? If you’re already considering selling your home, it would be fair to guess that you have your reasons. But as you move forward, make sure you have a plan that is free of assumptions.
If you plan to move from your existing property to another property that you will be purchasing, make sure you have worked through mortgage financing ahead of time.
Just because you’ve qualified for a mortgage in the past doesn’t mean you’ll qualify for a mortgage in the future.
