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Selling
your home tips
Look
at your home. Hope it looks better than the picture
on this page. That abandoned cotton gin, near
Meridian, has its place in history, but it's not a
place you want to call home. No one ever buys a
house without looking inside, so make sure they
want to get out of the car when they first
arrive.
What's
to do? Mow the grass, trim the landscaping. Tree
limbs should be a minimum of four feet off the
ground. Does your house need to be cleaned? Do all
the lights work at night? Does the paint need any
touchups? Any spider webs or bird nests where they
shouldn't be?
Does
everything work? If lights don't come on, or
exhausts fans don't work, you're losing money. If
the pool or spa water isn't sparkling clean, better
take care of it right now. Potential buyers see
these problems as things they would have to fix if
they purchased your home. They're right.
How
does your house smell? Ask your Realtor for a
candid assessment of your home's smell. You can't
always count on a good friend for a completely
honest answer. Funny how we get used to the smell
of dirty diapers, dog hair, cigarette smoke or cat
urine. A potential buyer will be put off and a
lower offer is assured.
Let
the agent sell your home. It's not a good idea to
give a tour of your home to potential buyers. You
probably don't know what they may be looking for.
What was one of your favorite features of your home
may be the first thing the new buyer would change.
Let an agent that has discussed their wants and
needs show your home.
Know
the value of your home. Anyone thinking about
selling their home would want an idea of its
current market value. A Competitive Market Analysis
(CMA) is one way to estimate that. However, there
is another important reason to have a CMA of your
home. You may be paying unnecessary private
mortgage insurance (PMI). When you purchased your
home, a down payment of less than 20% of the home's
previous CMA meant most lenders would require PMI.
A current Competitive Market Analysis may indicate
you now have enough equity in your home to
discontinue those PMI payments. Your mortgage
company will require an appraisal to eliminate that
fee, but a CMA will give you a good idea what that
appraisal will say. Elimination of your PMI would
reduce your monthly payments without any
refinancing or closing costs.
Free
Comparative Market Analysis: For a free, no
obligation Comparative Market Analysis (Golden
Triangle area only please) fill out the
CMA
Request form
and submit it electronically. In a few days we (Kim, Shelly
or Tricia) will be in touch to make an appointment at your
convenience.
We
will ask a few easy questions, look at your home,
and do some market research. There's no obligation
to sell your home. No one else will be calling and
you won't be on any mailing lists unless you ask
for additional information. It's also a good time
to ask any other questions you might have on a more
personal level. Again, this is a free service and
there are no hidden motives.
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