Money Saving Tips for Real Estate Selling

Source: http://reagentlea.wordpress.com/2013/01/24/5-money-saving-tips-when-selling-your-home/

Your home is undoubtedly the most valuable asset and for the vast majority of us, selling it will cost thousands. Using the money saving tips in this article should reduce the cost of moving home.

Real Estate Agent fees vary, so shop around and don’t forget to negotiate. A 6% commission is average, Ensure you get a fair valuation, never tell an agent what other agencies have valued your house at. It could be used to manipulate an offer, often resulting in wide distortions.

It is bad advice to go for the cheapest solicitors. Get recommendations and remember to ask for the name of specific people, rather than just the legal firms. Give them a call and ask what their charges are, also note whether they are they friendly, helpful, and most important efficient.

Selling you house privately can save thousands. One in twenty vendors are now taking the DIY route which could save you thousands. That is a massive money saving tip, but there are a couple of downsides, basically “time and effort”. You could consider newspaper advertising, flyers and signs. Newspapers usually charge per line or per word so try to keep your advert as brief as possible without making it uninteresting. The simplest way would to sell your house yourself is to use one of the many online house selling service. You could also find a real estate agent that offers assist to sale services.

Obviously it is best to sell your house when the market is strong and demand is high, so keep an eye on the local property market. Generally, the market tends to be stronger in early and late summer than the rest of the year, so aim to sell your house then. Also avoid completing with your neighbours so if there are already a few “For Sale” signs on your street, it might be better to wait a bit.

Research has shown that a poor presented house can take longer to sell and may reduce the price by thousands. So get your paint brushes out, give your home a lick of paint and finish all of those DIY jobs which are outstanding. Also talk to the real estate agent about adding value to your property it maybe worth spending a bit of cash to make some more. However, be careful not to over spend, you might not get your money back, so talk all planned improvements through with your estate agent.