Staff Writer, @DooleyNotedLaw
Recommended for you
Homeowners insurance is for situations where damage is likely too expensive to cover out-of-pocket. However, a standard homeowners insurance policy will only cover problems such as theft or internal fire damage. But have you considered coverage to protect your home...
While finding great housing is tough, some tenants put up with more hassle than they should. For instance, if your landlord won't fix the AC in your rental unit, many renters feel they have no rights and must succumb to whatever the landlord says. However, this is not...
Realistically, selling a home involves many steps. Many people find it complicated. Selling your house is certainly more complex than finding a buyer and handing over the keys. Therefore, to successfully sell your home, be prepared for what’s ahead.
Don’t worry – a real estate lawyer in Texas is here to help! We’ve put together a guide on how to sell your house.
You have a few different options when you’re ready to sell your house. These options are to hire a real estate agent, work with a real estate attorney in your state, or try to sell your home yourself (FSBO, or for sale by owner).
Each option has its own set of pros and cons. Consider each before deciding to sell your house.
A real estate agent is a licensed professional who helps people buy and sell property. Agents are experts in the home selling process and can help you navigate common challenges. Additionally, hiring a real estate agent is the most common way individuals sell their homes. In fact, 93% percent of home sales involve an agent to some degree. It helps to have someone on your side who knows how showings work or what questions might come up during negotiations, especially if you’re not familiar with these processes! Real Estate agents handle the marketing, negotiations, and most of the paperwork. Ultimately, they save you a lot of time and energy.
The main downside to hiring an agent is that they take a commission (usually around six percent) from the sale, which means that your final profit will be lower. Furthermore, real estate agents typically have several clients, and being just one of those clients, you will need to work around their schedule.
Hire an Attorney
A real estate attorney is a lawyer who specializes in real estate law. They can help you with all aspects of the home selling process, from negotiating a sale to handling paperwork. For instance, our Texas Real Estate Lawyer takes care of document preparation, deeds, financing contracts, and title transfers. When you sell your home, it’s necessary to know the do’s and don’ts of this ever-changing market – a real estate lawyer can help. Dooley Noted has experience with laws specifically related to buying/selling homes which will save time and money down the road!
The final option is to try and sell the property yourself. Selling your home by yourself can be a daunting task, but many resources are available to help you. The main advantage of selling your home yourself is keeping all the profits from the sale. Also, you have complete control over your listing, including the marketing strategy and showing schedule. However, the downside is that it takes a lot of time and effort to do it correctly. Additionally, FSBO sellers tend to settle on a lower price and are more prone to make mistakes during the whole selling process.
A “comp” or “real estate comparable” is a recent sale of a property that is similar to the one you are trying to sell. Real estate agents and sellers use comps to help determine the listing price for a home. Comps compare the property with other similar properties within a 1-mile radius that were sold last year. Ultimately, running comps is one of the best ways to determine the value of your property.
You should order comps before putting your house on the market. Running comps will give you an idea of what your home is worth and how much you can realistically ask for it.
Most real estate agents have access to a database of comps. If you are selling your home yourself, you can purchase a report from companies such as Realcomp or Zillow. Remember that comps from sites like these are not entirely as accurate as going through a real estate agent. If you’re working with a real estate agent, they can help you run a comp report that’s more accurate than what you would find online.
First, properly marketing your home is essential for selling your property. Capturing good-quality photos of your decluttered home and staging your house to look its best is a great start.
Next, when you list your home, back up your asking price with a comparative marketing analysis. Above all, this will show potential real estate buyers that you have researched and pulled the appropriate comps.
Additionally, it is important to include detailed information about your home in the listing description. This information includes highlighting any recent upgrades or improvements made to the property and emphasizing the positive aspects of the neighborhood. Furthermore, you may want to offer credits for items that require maintenance before the sale goes through.
Having a real estate lawyer in Texas can help ensure that everything goes as smoothly as possible. If you have any questions or concerns, be sure to consult with us at Dooley Noted Law firm. As a Real Estate Lawyer in Texas, our firm can help you through every step of the selling process.
The contents of this post, and the posting and viewing of the information on this post, should not be construed as, and should not be relied upon for, legal advice in any particular circumstance or fact situation. An attorney should be contacted for advice on specific legal issues.
Recommended for you
Homeowners insurance is for situations where damage is likely too expensive to cover out-of-pocket. However, a standard homeowners insurance policy will only cover problems such as theft or internal fire damage. But have you considered coverage to protect your home...
While finding great housing is tough, some tenants put up with more hassle than they should. For instance, if your landlord won't fix the AC in your rental unit, many renters feel they have no rights and must succumb to whatever the landlord says. However, this is not...
Challenging a will can happen for a variety of reasons. Someone who believes they should have been a beneficiary might contest a will. Ultimately, if your loved one’s will is being contested, we want to prepare you with everything you need to know. This article will...