By: Jerika P – i-Lead Realty Social Media Manager
Knowing the facts about your home before selling is essential for several reasons:
1. Accurate pricing
Knowing the facts about your home, such as the size, number of rooms, age, and condition, can help you accurately price your home. This is important because overpricing can lead to your home sitting on the market for longer, while underpricing can lead to you leaving money on the table.
2. Disclosure requirements
In many places, sellers are legally required to disclose certain information about their homes to potential buyers. This information can include the age and condition of major systems, such as the roof and HVAC, any known defects, and any history of flooding or other environmental issues. Knowing these facts ahead of time can help you ensure that you comply with the law.
3. Negotiations
Buyers will often conduct their inspections and assessments of the home, and having accurate information ahead of time can help you negotiate any issues that arise during this process. For example, if you know that the roof is nearing the end of its useful life, you can factor that into your asking price or proactively address it before putting your home on the market.
4. Marketing
Accurate information about your home can help market it to potential buyers effectively. For example, if you have a recently renovated kitchen, you can highlight that in your listing or during showings.
In summary, knowing the facts about your home before selling can help you accurately price your home, comply with legal disclosure requirements, negotiate effectively with buyers, and effectively market your home to potential buyers.
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Not sure if you want or need to use a realtor? Here are 4 reasons why you should. Watch the video here.