Tips for selling a house

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⚸яѻɢɛʀ✞тɦǟȶ⛧ Jul 16, 2012

I probably won't be spending much on the house at this point aside from planning to have the whole place painted. I could see putting some money in moreso if the market looked better. I bought the house while the market was down and think I got a good $20k+ off the original owners price. I have since added a good sized room upstairs with its own mini split a/c, which I hope will help cushion my sale price. Honestly I would be very excited to break even with my buying price after my realtor fees. +crosses fingers+
★Λubergine★ Jul 16, 2012

Remember this also, realtors have no incentive to get you the best price, they go for the quickest sale. For example, say the get 10%, split up between your realtor abd the buyer's. Some of that money goes to their company, so in the end they are taking a commission of 3% on the sale price. An extra $20,000 on the sale price earns them only $600. So don't trust them, even if you know them.
Hyena Jul 16, 2012

Make the psychological shift. It is no longer your house. People will be extremely critical. It can be little things like does the grout need replacing. Go visit your competition. See what they are asking, if you can find out what others have paid for similar houses. Just because the mean value for a suburb is $1m does not mean you will get that for your house. Check like for like. Eg: 3 bed brick house with 1 garage and 1 bathroom on roughly x square meter block. Then look for the other factors that will put your house above or below the competition. Are you on a main road? Is your house younger or older? What target market? Family, DINKs, bohemian, investors? It took me a year of planning to buy and sell but I had everything in place so when I sold I knew what I wanted, made the right bid and did a straight swap. I sold in 1 suburb that was bucking the trend and still increasing in value and bought in another that was flat. The flat suburb has now jumped $100k in 3 years.

Best of luck.
Add: KOZY Jul 16, 2012

Don't sell it. Rent it out and live somewhere cheaper.
⚸яѻɢɛʀ✞тɦǟȶ⛧ Jul 16, 2012

Add: KOZY wrote:
Don't sell it. Rent it out and live somewhere cheaper.

I considered renting. I should be able to make a $3-500 profit over my mortgage, but I'm not sure I want the hassle. If I went with a management company, I think they would eat up most of the profit. If I sell, I have a solid down payment on the new place.
🌾ᏦᎻᎪᏞ🌾 Jul 16, 2012

Roger That wrote:
First off, I don't have a cellar. Secondly, my lawyer has advised that I shouldn't talk about the bodies until my court date. Let's consider the matter of the bodies closed for now.

If your lawyer was worth a damn, he would be telling you to not talk about the bodies at the court date either.
All fresh new white paint in every room. Hire a landscaper. If you are missing common amenities like central a/c, invest in that now. If you can invest in upgraded appliances or any small renovations, do kitchen first. Then bathrooms.

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