Knowledge is power when selling
Know the answer to every question you have about selling your property.
Selling your home can be one of the most challenging events in your lifetime. When interviewing real estate agents to help you with the selling process, be sure to ask these important questions:
We’ve been known to sell homes in two days or less. However, the selling timeline is really market driven and depends on the condition—and pricing—of your property. This is why it’s crucial to hire an experienced, top-performing REALTOR who’s in the mix!
There are a few different ways to sell your property and purchase a new home at the same time. Your financial situation will determine which route you take to make it happen. The first scenario would be to buy your new home before selling the old property. Depending on your risk tolerance and desired outcome, we would come up with an aggressive strategy to help you sell your property and buy a new home in the same timeline.
We combine our proven methodology and insider tips to determine the worth of your home in the current market. This is one of the many advantages of choosing an experienced realtor with insider knowledge to sell your home in The Woodlands.
We work with top-rated interior designers in The Woodlands to professionally stage your home for sale. Our design partners will assess the interior and exterior of your home and stage it in a way that showcases its features in the best light. Staging your home is a wise way to attract potential buyers and command the highest possible price.
The cost of staging a home really depends on the size of your home, your budget and timeline. Staging a home can cost anywhere from $500 to $10,000; however, when you sell your property with the Haley Garcia Group, we offer home staging support as part of our concierge-level services.
A home warranty is a service contract that covers the cost of repairs for major appliances and systems in your new home. Most home warranties are valid for one year and generally cover repairs for the following:
We always advise sellers to include a home warranty. A home warranty offers the mutual benefit of protecting you from liability and provides coverage for the buyer in the event of unforeseen repairs. Throwing in a home warranty is a perk that can motivate a buyer to purchase your home over another. Home warranty fees are usually included in closing costs, which are negotiable between you and the buyer.
According to the Real Estate Staging Association (RESA), 85% of staged homes received offers between 5–23% over the list price.
Multiple Listing Services (MLS) is a private database of listings used by real estate agents to help their clients buy and sell property with ease and efficiency.
Once we list your property on the MLS, HAR immediately syndicates with other high-traffic websites like Zillow, Realtor.com, Compass and more to maximize your property’s exposure.
On average, you can expect to pay roughly 10% of the sale price. Your costs as a seller will generally cover things like pre-inspection, staging, home repairs, landscaping, professional cleaning, moving costs, title insurance, taxes, and the remaining mortgage balance.
For sellers, escrow is a legal arrangement that requires a third party (such as a mortgage servicer or escrow company) to hold the buyer’s earnest money deposit on your home.
An escrow deposit, also known as an earnest money deposit, are funds deposited into an escrow account by the buyer after you’ve accepted their offer.
After you’ve accepted an offer, your home officially goes into escrow until the buyer receives the keys. After both parties have signed the purchase agreement, an earnest money check is deposited into the escrow account. The buyer will then have your home appraised by a bank or lender. If all goes according to plan, the buyer is then officially approved for the mortgage.
You are responsible for providing seller disclosures that the buyer will review before the home inspection. The seller disclosure is a written statement of any known issues that the buyer should be aware of. If any additional issues are identified during the inspection, this is the time to make any mandatory repairs or renegotiate terms of the contract. The buyer may also request a title report to verify that you’re the sole owner of the home and no one else will try to claim it in the future.
The last step is to close escrow by signing the property over to the buyer. Once this happens, you’ll be paid in full.
In real estate, “contingent” or “pending” means that a seller has accepted an offer from a buyer that includes contingencies, or specific terms or conditions that must be met for the deal to close.
The impact that selling may have on your taxes depends on the length of time that you’ve owned and lived in your home. For instance, capital gains taxes are dependent on a range of factors, including your income, costs and net proceeds from the sale of your property. Depending on your circumstances, you may qualify for a range of tax breaks, so definitely discuss this with your CPA!
To ensure that the home inspection goes as smoothly as possible, we recommend following these steps to prepare for your home inspection:
Here’s what you should expect the inspector to look for during the home inspection:
Here are 5 easy steps to prepare for the appraisal and increase the value of your home:
Sweat equity is essentially work that you put in yourself—without paying any contractors—to increase the value of your home. Some examples would be re-painting all the rooms or DIY construction work to renovate your home.
As a rule of thumb, keep in mind that the average closing costs for a seller can range from 8–10% of the sale price. Seller closing costs typically include the following: agent commission, escrow and closing fees, HOA fees, title insurance, transfer and property taxes, attorney fees and any credits.
A comparative market analysis, also known as a CMA, is a thoroughly produced estimate of the value of a property based on similar properties that have recently sold in the same area. CMAs are generally based on the sales data from three similar homes, or “comps,” that have recently sold in your area. The real estate agent will then conduct a thorough walkthrough of your property, evaluating its age and condition, square footage, the number of bedrooms and bathrooms, lot size, layout, special features, improvements and other notable characteristics to determine its value before listing and give you strong pricing recommendations.
In addition to evaluating your property with a fine-tooth comb, your real estate agent will also use market-based information—proximity to amenities, local schools, current listing prices if recent MLS sales data isn’t available—to get to the bottom of what your home is actually worth.
The bottom line: always consult a seasoned real estate agent to understand the true value of your home. While some home valuation sites are more accurate than others, there’s no substitute for having an in-person consultation with an appraiser or real estate agent who knows their stuff—and your local market—inside out.
To discover the true value of your home, contact us to schedule a free in-person or Zoom consultation today.
Top Realtors In the Woodlands, TX