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Category Archives: Homes
4. Weigh the pros and cons of selling your house yourself. Be realistic about the amount of money you can actually save by selling without an agent and the amount of additional time and effort that you must invest. If you want to sell without a real estate agent, be sure to hire a good real estate lawyer and read a good house-selling book cover to cover so you know what you’re getting into.
5. Field a great team. Selling your house usually requires that you hire and work with various real estate professionals (such as real estate agents, property inspectors, escrow officers, and, possibly, tax, legal, or financial advisors). If you put the right players on your team, you maximize your chances of a successful sale.
1. Your most important house-selling decision is whether or not to sell.
Take the time to research your options and the personal financial ramifications of each option before you sell.
The expenses of selling your current house and buying another will gobble a large chunk of your house’s equity (that is, the market value of your property less the outstanding mortgage balance).
Before you sell your house, weigh the expected benefits of buying a new home against these transaction costs. Be sure to estimate your proceeds of sale and relocation costs before selling.