Selling your home can be, and often is, a very stressful time. Spending weeks waiting for the perfect buyer who will make you the right off can leave you pulling your hair out! Once you have found the right buyer who makes an acceptable offer, the next step is making sure they qualify for a mortgage because if they do not, you are back to square one. Take the stress out of selling with our A – Z guide to selling your home.
A is for Agent
A good real estate agent is key to selling your home. They will help you guide you at the right price while considering the market and similar houses sold previously in your area. A seasoned agent will tell you what to expect and prepare you for the rest of the process.
B is for Building Code
Building codes are sets of local laws related to how buildings should be designed and built to be safe and of a certain acceptable standard. Ensure that your home is up to code, and you will not have any unexpected headaches further down the line. When you have West Jordan Homes For Sale, it is important to check the specific codes for your state as these can change.
C is for Closing
Closing is the term used when referring to the finalization of the home sale. When all documents are signed, all monies have been paid to the relevant parties, and the Title Deed has been registered at the county clerk’s office. If there is a lender involved, this is also when the lender will give their full approval on the mortgage. This is when you can breathe a sigh of relief and know that your home selling days are over – at least this time around.
D is for Deed
Simply put, the title deed is the name given to the document that proves legal ownership of a property. These records are usually kept at the local Deeds Office.
E is for Escrow
Escrow is an arrangement in which a neutral third-party provider holds the funds associated with a real estate transaction until stipulated conditions are met.
F is for Floor Plan
The floor plan is a pictorial representation of a drawing to scale, which shows the above view. This drawing represents the relationship between walls, rooms, spaces, and traffic patterns at one structure level. Advertise your home with its floor plan so buyers can see the layout before deciding whether or not they would like to see it in person. This is especially helpful for people who are buying a house online.
G is for Gross Building Area
This is the building’s total floor area, from the outer surface of an exterior wall and window through to the basement. This includes all vertical penetrations, such as an elevator. This is measured in Building Gross Square Feet (BGSF) and used to determine its value.
H is for Holding Deposit
The holding deposit is the initial sum of money given to show interest in a property or to confirm a sale.
I is for Immovable Property
Immovable property is any land, building, or any other entity attached to the earth.
J is for Joint Agent
You can instruct to are more agents to join forces and team up to sell your home. This can help your home sell faster and/or at a better price.
L is for Land Tax
Land Tax is the state tax based on the value of a property. Otherwise known as Property Tax.
M is for Market Value
This is the price at which the seller is happy to sell, and the buyer is willing to buy. It is important to know the market value of your home, so you know what to expect.
N is for Negotiation
Your chosen agent will guide you on how best to handle negotiations or negotiate the best deal.
O is for Open Space
Open space is land without structures or buildings on it. This is a great selling point when putting your home on the market.
P is for Private Sale
Selling your house with the help and guidance of an agent is possible, but it is not recommended for first time sellers or people who do not have the required amount of time to spend marketing their home.
R is for Realtor
Realtor is another name for a Real Estate Agent. Whatever you choose to call them, you need a great one to sell your home!
S is for Sale Deed
This is arguably the single most important document when selling your home. This is the sale agreement that needs to be signed by both the seller and the buyer and witnessed by at least two people.
T is for Trustee
This is the person you nominate to hold control of your property for you if you cannot.
V is for Valuation
Your property valuation is an assessment of your home worth, based on the location, condition, and multiple other factors. Get the best valuation possible by ensuring your home is clean, your garden is in tip-top condition, and you have good lighting to best display your property.
Z is for Zoning
It is important to know the zoning divisions in your area and make yourself aware of the applicable design and architectural regulations and the permissible uses of properties within that designated area. This way, you can properly market your property, and all its potential future uses for your buyers.
Keep these pertinent points in mind when you decide to sell your house, and it will be a breeze! Selling your house represents closing a chapter in your life and should be as enjoyable as possible. Remember to take deep breaths throughout the process when you need to and get a decent amount of sleep each night, so you are in the best position possible to make the right decisions for you and your home.