Are You Ready To Sell Your Home?
Deciding to sell your home is a big decision. Where do you start? We recommend starting with hiring an expert real estate agent that is more interested in serving you than they are earning a commission.
We start by looking at your house and preparing a detailed comparative market analysis (CMA). We also make recommendations on any repairs that might cause issues with the appraisal.
There are three things a homeowner can do that will help with a smooth transaction.
- Identify Liens And Disputes: After you accept an offer on the house, the title company will perform a title search. The title search will check public records to ensure that you have the legal right to sell the property and that there are no liens against it. Note if you have had any IRS, property tax, spousal, child support, or bankruptcy issues. If so, there may be a lien against the property, which must be released before the sale. The title company can pay liens out of the seller's proceeds at closing.
- Check Your Loan Documents: You will want to find the following items in your loan paperwork. An assumable clause (an assumable loan is a good selling point). How the title is held. Check for a pre-payment penalty. Who else is on the deed? That person will need to be present at closing to sign the deed. Check the loan balance.
- Take Stock: Decide if you will sell "As Is" or make some repairs. "As Is" can prevent certain loans from being used to finance the home. This will reduce your pool of possible buyers.
We welcome the opportunity to walk with you through the process. We are Endorsed Local Providers for Ramsey Solutions (The Dave Ramsey Show). If you want to know how important that is, check out what it means to be Ramsey Trusted Here.
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