Home Selling Tips to Net You More Money

You finally decided to sell your home. However, you are undecided to use a licensed realtor or to sell it yourself. You figure you can save a lot of money by selling it yourself. After all, your home is located in Orange County, California a high demand area.  All you feel is needed is to just get it in front of 1000s of real estate agents. Real estate agents are overpaid and don’t know more than you do.

Tip #1
Hire a Local Real Estate Agent

This kind of thought process is what creates a lot of mistakes, cancelled escrows, and potential lawsuits by you or the home buyer. I could go into the many ways this could happen during the signed contract phase or even prior to contract but that is for another day.

Quick Facts:
Statistics show that selling your home with the assistance of a professional real estate agent will reward the seller handsomely with a higher profit than if they tried to sell it on their own.. Moreover, the difference is enough to pay the commission to the listing agent along adding “more money” in your pocket.

88% of buyers purchased their home through a real estate agent or broker which is from 69% in 2001.

Data shows that approximately 90% of FSBO’s end up listing their home with a Realtor (yes, 90%).

So, use a local real estate agent.

 

Tip #2
Get Your Home Inspected

Prior to listing your home for sale and to avoid the buyer renegotiating during the contract phase, have it inspected by a well-known Orange County home inspection company. You don’t want the buyer asking for a price reduction to fix something.

Did you know that buyers tend to ask for an excessive amount on something that may cost $250 to repair yet they want a $1,000 price reduction? If it costs $500 to repair, they want a $2,000 - $3,000 price reduction.

If they want it repaired during the contract, you are usually paying a hefty premium for a quick turnaround than if you had it inspected 2-3 months prior to listing, you can conveniently shop around.

In some instances, the repair can be a deal killer.  So, if you want a better return on investment (ROI), have your home pre-inspected before listing it for sale.