The days of refinancing your home for extra cash are slowly fading into the past. Since the recession, most homebuyers have felt that completely paying off their mortgage was is worthwhile as it provides them with peace of mind and outright ownership of their home.
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.
This is where a lot of hard work comes in. You need to focus on getting your home ready to be shown. Paying attention to things like paint, carpet and landscaping are important. Also, de-cluttering your house so people can actually envision themselves living there is a key. The best way to go about this is to put yourself in the shoes of the potential buyers. What would you be looking for? What would impress you? What would detract from the appeal of the house? Since you won't be using a realtor, it is important for you to be the salesperson. Understand the key selling points of your home. What makes is different or better than others in the area? What things do you want to highlight to potential buyers.
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.
A dirty home will be difficult to sell. You are going to need to take a good chunk of time to get that place so clean that it sparkles. This will be unlike any cleaning you have probably ever done. You will need to wash the windows, inside and out, re-caulk tubs and sinks, scrub tile, wax the floors and do pretty much anything you can think of. Having a clean home will entice those picky buyers.
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.
Regardless, you are going to have to pay more in a shorter period of time to get rid of the mortgage. These are just a few ideas on how you can throw more money at that mortgage monster. If paying off your debts is a priority to you, then utilize these tips to accomplish that goal. It may be a difficult sacrifice, but you will be glad you did it in the end. Get started now with a plan to get ahead!
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.
This is where a lot of hard work comes in. You need to focus on getting your home ready to be shown. Paying attention to things like paint, carpet and landscaping are important. Also, de-cluttering your house so people can actually envision themselves living there is a key. The best way to go about this is to put yourself in the shoes of the potential buyers. What would you be looking for? What would impress you? What would detract from the appeal of the house? Since you won't be using a realtor, it is important for you to be the salesperson. Understand the key selling points of your home. What makes is different or better than others in the area? What things do you want to highlight to potential buyers.
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.
A dirty home will be difficult to sell. You are going to need to take a good chunk of time to get that place so clean that it sparkles. This will be unlike any cleaning you have probably ever done. You will need to wash the windows, inside and out, re-caulk tubs and sinks, scrub tile, wax the floors and do pretty much anything you can think of. Having a clean home will entice those picky buyers.
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.
Regardless, you are going to have to pay more in a shorter period of time to get rid of the mortgage. These are just a few ideas on how you can throw more money at that mortgage monster. If paying off your debts is a priority to you, then utilize these tips to accomplish that goal. It may be a difficult sacrifice, but you will be glad you did it in the end. Get started now with a plan to get ahead!
About the Author:
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 range of housing possibilities that can meet your personal budget.
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