What Every Seller Should Know About Home Sales

When planning the sale of your home, carefully consider the amount of time, effort, and money it will take to reach your intended goal. Many home owners assume that selling homes is easy to do and then underestimate the amount of work and expense involved in finding, attracting, and then keeping an interested buyer all the way to settlement. Many independent home sellers have learned the hard way that real estate transactions are comprised of a series of preparation, financing, and legal activities that must be carefully coordinated and then completed within a rather short amount of time. And if handled improperly there are often legal ramifications that can cost the seller thousands in attorney fees and future bills. In every real estate transaction home sellers need to:

1. Have access to current sales information to set the proper asking price
2. Make repairs and showing preparations prior to marketing
3. Advertise cost-effectively and to the largest audience possible
4. Be capable of determining if an interested buyer is financially capable of buying the home
5. Schedule showing appointments and be available at daytime hours and weekends
6. Be capable of negotiating the purchase price and terms
7. Have access to the proper state forms and disclosures required by law
8. Include any essential contract language to protect you from liability both during and after the sale
9. Know your rights and obligations under federal, state, and local jurisdictions
10. Know which vendors charge “fair” rates for their services.

The Factors Influencing Home Demand

In a perfect world, selling a home would be an easy proposition and everyone would be doing it themselves. Of course the real world is much different with complex and constantly changing real estate laws and a huge commitment of time and energy that is needed to sell each home. The following information is a quick reference for home sellers who are considering selling their home with Oyster Realty and the many benefits provided for our clients.