The Blog

Preparing Your Home For Sale

Posted on 10. May, 2014 by Hedrick Lepsch in Business

Though the housing market has been on pretty good incline in recent months, many people who are trying to sell their homes are still having a hard time making a profit. One thing to consider, that has the potential to save you thousands of dollars when you sell your home is to forego using a real estate agent and selling the home yourself. Though this process may seem like an intimidating process and perhaps more work than it’s worth, it’s easier than you may think to sell your home on your own. Here are a few tips to consider on how to sell your home without using a real estate agent.

The first and most important step to selling your home without a realtor is to do a lot of research. Read through the purchase and sale agreement from contract when you bought your home, review local listings online and in real estate publications and try reading blogs and books about selling by owner. Your research can help you understand the language and processes of the real estate business and most importantly can help you know what your home is worth, and therefore how much you might be able to list it for.

Most mortgages are set to last for 30 years. Did you know that you can refinance your home and end up with a mortgage that is only ten to fifteen years? This may be a good idea if you are interested in paying that mortgage off before you are retired with grandkids. Frequently, people choose the fifteen year mortgage because it still provides a substantial decrease in the time length while not increasing monthly payments too much. Remember that these shorter mortgages will have higher payments, but it will be worth it when you own your home outright and are that much closer to being debt free.

The key to selling a home is to price it effectively. If you end up pricing your home too high, then it will scare buyers off. Plus, if it stays on the market for too long because of the price being high, potential buyers will assume that there is something wrong with the house and might pass it over in their search. The lower the price, the faster it will sell, presumably…but you need to make sure that you are making a profit as well.

One hundred dollars more each month over dozens of months will significantly decrease the amount you owe. This is because more of the payment will go towards the principal and not towards the interest. If you cannot afford a one hundred dollar price hike, simply round up to the nearest ten or one hundred digit. Although small, these amounts will decrease the length of your mortgage.

If you are among the lucky people who get a tax return instead of owing the IRS, why not take that little extra money and apply some or even all of it towards the principal of your mortgage. Big payments like this can help you get ahead and shorten the time frame of escaping that looming debt. Request a statement from the bank that tells you how much you still owe. Use this number and plan ahead to make higher payments each month. Some people have even doubled their monthly payments four times a year.

If you are looking for a new home, consider a Utah manufactured home by Luxury Homes. Give us a call today and let us show you what we have to offer.

Luxury Homes in Springville, Utah is owned by John DeHaas who has been in the manufactured home business for 46 years! In that amount of time John has seen huge changes in the homes that he sells (Including Modular Homes in Utah and Mobile Homes in Utah). Luxury homes provides a diverse and great variety of housing options that can meet your personal budget.

Hedrick Lepsch

More Posts

Tags: business, home building, home improvement, real estate

About Hedrick Lepsch

View all posts by Hedrick Lepsch →