Tips for Sellers

Many of our mortgage lenders have close relationships with real estate agents in their areas.  This relationship works to the benefit of the customers we share!  They are able to get advice from both ends of the spectrum – the agent and the lender.  If you’re considering selling your home, or you’ve already got it on the market, consider these tips to a successful sale!

Meet with a lender that I’ve had good experiences with in the past. A knowledgeable lender can offer a lot of different options to fit the needs of all potential homebuyers. Through pre-qualification, buyers can also up their negotiating ability with potential purchases. An offer from a pre-qualified buyer is taken more seriously than that of a buyer who has not gone through that process. The process will also help you determine how much home you can afford.

Make sure you are not going over your personal budget. As the buyer, you need to feel comfortable with your monthly payment. Just because you qualify for a certain loan amount, doesn’t mean that amount will fit your monthly budget. Be sure that you don’t over extend yourself as you search for your new home.

Consider your location. Once you understand what your budget is, you can begin looking for your home. An important factor you should always keep in mind is: location. Do you have children and prefer a certain school district? Are you commuting and need to be close to the interstate? Are you aging and prefer to be closer to medical facilities? There are many factors which can play into where you find the best home for you!

Understand that not all loans are the same. This should definitely be viewed as a positive, because you can speak to your lender about getting the best loan options for you and your family. However, be sure you understand the terms of your Loan Estimate and Closing Disclosure, because they are different for each loan. You don’t want any surprises at closing.

Obviously, if it’s a good time of year to purchase a home, it’s got to be a great time of year to put your home on the market. If you are in the market to sell your home, Pam offers up some key advice as you prepare to list your home:

Declutter your home. You want potential buyers to be able to view themselves in your home. It’s hard for them to do this when all they can see are your belongings and lifestyle everywhere. Take down unnecessary décor items and photographs. Throw out old magazines and put away the papers that accumulate on your countertops. Don’t distract buyers with clutter.

Spruce up inside and outside. Curb appeal is definitely a selling factor. This doesn’t mean you have to sink a lot of money into your yard. A good lawn cutting and weeding of the flower bed should do the trick. Adding some inexpensive potted flowers or hanging baskets to your front porch or deck areas can add color and life to your yard. Inside, don’t be afraid to touch up and freshen up paint with neutral colors. Red walls won’t sell as readily as beige or gray. Painting a heavily scuffed wall or baseboard can also make a huge difference in what a potential buyer sees and remembers about your home.

A good clean house always attracts buyers. You still must live in your home, but a clean house always attracts buyers. Try to keep your home and picked up and clean as possible!



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