The Basics You Need to Know to Sell Your House
The process of selling your house, especially without an estate agent, can be daunting. There are so many different variables with which you must contend if you are to make money and live within the law at the same time. Some steps are just routine work, while others determine just how much fine you are going to suffer from your local Government. Yes, there are penalties for ignorance in this field. With that in mind, here are the basics you need to know to sell your house.
Preparing the home for the sale
What you need to know is that not very many people will want to buy a piece of property that is run down. At least not at the price you want. That is why it is wise to prepare the home for the sale. These steps include:
- Staging the home well: Making sure that everything looks clean and inviting will not only help you sell the home faster, but it might just help you get a better price.
- Clean it up: We are not just talking vacuuming. We are talking about giving it a fresh coat of paint, making the necessary repairs and even replacing some of those old electrical fixtures.
- Make sure that everything is up to code: Your electrical wiring, your roofing and even your front lawn should be up to code. Set forth by your county Government as well as your home association.
In keeping with the law
To avoid any unnecessary headache stemming from ignorance, it is always best to involve a solicitor from the very start. These are the people who know the ins and outs of estate law. They will handle the legalities of the sale including the eventual transfer of property. Of course, it is best to shop around first before settling on one solicitor. Find out their success rate, their fees and just how helpful and forthcoming with information they are, you never know when that knowledge will come in handy.
Get all the necessary paperwork
There are going to be quite a few questionnaires that come with the sale process. This is where your estate agent and solicitor come in handy. The law requires you to reveal certain bits of information to any potential buyer and as such, there are forms to be filled. Make sure that you have filled all the appropriate ones based on the kind of house you are selling.
If standard contracts seem to be too daunting, there are simpler contract options available, which have been popularised by investors like Rick Otton. Both parties can write down in simple speak what they want in the contract, and the solicitor can review the terms and conditions before drafting it into a document. You can learn more about simple contracts here: http://www.linkedin.com/pulse/one-piece-paper-rick-otton?trk=mp-reader-card