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What to do when selling your home

Selling your home is a big deal. It marks a new chapter in your life, full of wondrous possibilities.

Unloading your property the wrong way can result in less money than you would earn otherwise. It could even result in legal troubles. Know how to approach the real estate market before making a move.

Staying unemotional

Some people get caught in the whirlwind of feelings that come with selling a home. After all, you are saying goodbye to a space full of memories. Plus, there is the stress of tackling paperwork the right way. Forgetting a critical document could even invalidate a sale. Stay organized with the help of a professional. Throughout, try viewing the transaction from an analytical perspective.

Hiring an agent

Although real estate agents get commissions as high as 6%, you need one on your side. Good agents are valuable allies. To begin with, they increase the possibility of a quick sale. Also, they act as a buffer between you and potential buyers. Good ones are adept at negotiations. Thus, having an agent will likely net you an equal or higher dollar figure than if you were selling on your own.

Setting a price

If your asking price is too high, there is the possibility that no offer is forthcoming. A better strategy is to generate interest by setting an amount on the lower side. If more than one party comes knocking, there is the chance of a bidding war. Plus, you reserve the right to reject inadequate proposals.

A proper approach is necessary when seeking a buyer for your home. Never forget that the right strategy can go a long way.

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