Buying and/or selling a home can be a life altering experience and one of life’s biggest moments. It can also feel complicated and overwhelming if you’re not a practicing real estate professional. We often are asked questions about a home’s worth, the best times to sell, how to purchase and sell at the same time, and more. We love answering these questions but also realize that you may want a resource to come back to, so we decided to craft this blog post as a reference to help answer your most important home buying and selling questions.
Is it common to have a house inspected before purchasing?
Many buyers share a concern that they will find a lovely home and then find out that the foundation or walls have issues. One way to prevent a nightmare situation is to have a professional inspection completed once you have a contract to purchase the house. Most buyers don’t realize that if anything gets scary, they have almost the full length of the contract to back out without losing their earnest money (as long as your agent has created the agreement correctly). It is common to hire a good inspector to conduct a thorough inspection for you.
What is the best way to buy and sell a home at the same time? How does it work when you need the money from selling your home to buy your new house?
We’ve written another article on just this subject. When navigating buying and selling your home at the same time, we recommend, along with considering the market and utilizing contract clauses, hiring an expert team. When you work with a team of Utah real estate specialists like Big Key Real Estate, you have a listing expert to focus on getting top dollar for your home while a buying expert helps you narrow down the best home to purchase. To help you use the money from the sale of your house to buy your new one, we make an offer “subject to the sale of your house” or ensure your existing home is under contract and then make an offer on your dream home to allow for closing simultaneously.
What do I need to do to my house before putting it on the market?
Many home sellers think they have to spend months and money to get their home ready to sell but the truth is, ask a realtor to see it first. We can help you determine what are must-have fixes and what can drive the value of your home. And you may not have to do anything, which is always a pleasant surprise.
When is the best time to sell my home and how long should I expect it to stay on the market?
Last year, homes sold 18.5 days faster when sold during the first two weeks of May. The length a home stays on the market can depend on the state of the industry. In our article, When is the Best Time to Sell Your Home, we share other details about the ideal time to sell and when to list and prepare you home to go to market.
Is staging really worth it?
Studies have found that a staged home sells for up to 20% more money and 88% faster than homes sold “as is.” Staging helps potential buyers visualize themselves in the home and shows the property off in the best light. If a fully staged home isn’t an option, at a minimum, we recommend using the 3 Ds (Declutter, Depersonalize, and Deep Clean) to get your home in selling condition. But to answer your question, yes! Staging really is worth it.
How do I find out how much my house is worth?
When trying to estimate how much your home is worth, we recommend getting a home appraisal. An appraisal is an unbiased estimate that assesses a home’s fair market value by reviewing a variety of factors. This is the most accurate way to determine how much your home could sell for. To get started, we recommend our free home evaluation report.
Are there any simple updates that I can do to improve the value of my home?
Curb appeal is generally undervalued and planting a tree in your yard or painting your door can help your home look more valuable to potential buyers. Some other simple updates to improve your home’s value can include replacing carpets and upgrading your kitchen.