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Thursday, May 15, 2008

House selling tips (US based)

Selling your house needs some patients if you try it yourself or if you seek the guidance of a real estate broker. The time taken for this task also depends on the local real estate market.
Some tips to sell your house:
• Make your house more attractive -
Clean and paint your house to make it hygienic and impressive because buyers always expect such things.
Be careful when painting your house because you should pay penalty if you are suspected to violate the U.S. Environmental Protection Agency’s (EPA) lead-based paint disclosure rules. The EPA informs landlords, building owners and property management firms about existing lead paint risks and how they can take steps to protect themselves. The sellers, owners and property management firms have to provide lead-based paint hazard information and notification to buyers or tenants when leasing or selling their house.
Contact your local or state health departments and test for possible lead paint exposure or other household lead hazards and safely remove lead contaminated materials.




• Do the needed repair works –
Repair the leaky roof and rebuild the damaged portions. Do the essential plumbing and septic works, and electrical wirings.
• Let your house be termite free -
Keep it in mind that pest control is an important factor. You may request a local house inspector to identify and deal with the pest problems before a buyer comes for inspection.
For any pest control idea contact HomeTeam Pest Defense, a pest control company that provides high quality service and lower cost of service delivery for ongoing pest services. The company uses innovative and unique Tubes in the Wall pest control delivery system.
The web site, Termites101.org, a new educational web site jointly established by HomeTeam Pest Defense and Consumer Education Council on Termites (CECT), enables house owners to understand how to identify, prevent, treat and control termites. In this way you can protect your house from termites.
• See to that you have enough and safe area for parking the vehicles.




• Be prepared to let the buyer inspect your house anytime -
Keep your house in such a manner that it appears pleasant to the buyers who see it. Always keep yourself available at your house when the buyer visits your house.
• Price your home effectively –
Estimate the correct value of your house by comparing it to similar houses recently sold in your locality. Don’t set the selling price of your house above the present market value. By setting it above the market value, you have the possibility of losing the buyers.
Consult a real estate agent or real estate lawyer who has enough experience in selling houses – so that he can decide the correct pricing.
• Market your house -
Market your house through internet so that buyers can easily locate the site throughout the selling process. Advertise in low cost web sites. Give printing copies of your advertisement given in the internet to buyers who visit your house. Also give Brochures/Information sheets about your house.




Marketing can also be done through Multiple Listing Service (MLS), a directory used by real estate agents.
You can also advertise in local newspapers.
Your neighbors are the best promoters. So, invite them and show your house. They may suggest your house to their friends and relatives who are looking forward to buy a house.
You can also approach a real estate agent with strong internet marketing skills as today’s buyers search their homes through internet.
• Never accept/reject an offer blindly –
When a buyer makes an offer, do the following:
Consult with your lawyer, evaluate your buyer’s financial qualifications, research the real estate market, and accordingly reject or consider the offer.
Be patient with even a buyer who comes with a low offer – reject the offer in a polite manner even if you are upset with the offer.




• Be careful after you accept an offer -
The buyer may visit the house again to make sure whether the requested repair works are done and whether the house is in the same condition as seen on the day of making the offer. See to that no problem arises at this stage. Also make sure that you are in good terms with the buyer till the sales transaction is complete. Consult the real estate agent or real estate lawyer in every step.

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