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Showing posts with label legal. Show all posts
Showing posts with label legal. Show all posts

Sunday, May 10, 2015

Selling Your House




In the recent times, I have learnt from friends that you can claim your house on Zillow and update its value according to your upgrades (Now I should find from this friend if he read this book or how he found out). A house in our neighbourhood is being leased now and will then be sold to the person leasing. In 'Selling Your House: Nolo's essential Guide', its referred to as 'Lease-to-Own'. Author Ilona Bray explains the advantages and disadvantages of a Lease-to-Own.
The book runs in a very interesting manner about what months are likely to be well received in terms of home selling. Did you know that your home owners insurance might not be valid if its vacant? Have you heard of transfer tax, discount brokers, listing agreement (which is better - exclusive right to sell, exclusive agency, open listing), FSBO (For sale by owner), broker's tour, seller rent-back.
Should you stage your house?
The book is also interesting because of the numbers. For example, staged houses moved 87% faster.
Should you hire an agent?
89% do. Why not?
With these statistics, you get a good grip of the real market and buyers profile. You will be surprised at the number of contingencies a house sale could face.
Redfin - hybrid model