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SELLERS FAQS
I am here to answer all your questions.
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How should I determine the asking price for my home?Start by researching recent sales of similar homes in your area and consider their condition, size, and features relative to yours. Tyler can help by conducting a Comparative Market Analysis (CMA) to suggest a competitive price based on local market trends. Pricing your home accurately from the start can attract more interest and lead to a faster sale.
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What steps should I take to prepare my home for sale?Begin by decluttering and deep-cleaning every room. Consider minor repairs, like fixing leaky faucets, replacing broken tiles, or repainting walls in neutral tones to appeal to a wider audience. Enhancing curb appeal with tidy landscaping and fresh paint can also make a strong first impression. Staging the home with well-arranged furniture can help buyers envision themselves in the space.
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What costs are involved in selling a home?Selling costs can include agent compensation (usually around 5-6% of the sale price), closing costs, repairs or upgrades, staging, and moving expenses. Some sellers also offer concessions to buyers, like helping with closing costs, to make the sale more attractive. It’s a good idea to discuss expected expenses with your agent so you can budget accordingly.
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How long does it typically take to sell a home?The time it takes to sell a home depends on factors like local market conditions, the asking price, and the home’s condition. On average, homes may take a few weeks to a few months to sell. Working with an experienced agent, setting a competitive price, and preparing your home well can all help reduce the time on the market.
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Should I make repairs or upgrades before listing my home?Minor repairs and aesthetic updates can make your home more appealing and may increase its value. However, major renovations aren’t always necessary and don’t always yield a high return on investment. Focus on essential repairs and improvements that enhance the home’s appearance or address visible wear and tear.
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How does the closing process work, and what should I expect?After accepting an offer, you’ll go through steps like the home inspection, appraisal, and final buyer financing approval. You’ll sign closing documents and transfer ownership to the buyer. At closing, fees and agent compensation will be deducted from the sale proceeds, and any remaining mortgage balance will be paid off. Working closely with your agent and closing company will ensure a smooth, efficient process.
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