According to census data, the average American moves more than 11 times in their lifetime. That’s a lot of moving, and a lot of potential times when a person might have to sell their home. If you need to move, you’re probably wondering how to sell a house. It’s a big decision, and you want to be sure to choose a strategy that meets your needs. Whether you choose to list with an agent, put your house up for sale by owner, or sell to a real estate investor, there are certain things you want to ensure during the process.
Utilize reputable professionals – whether you use an agent or not, anyone you work (attorneys, inspectors, etc.) should have references and a solid reputation for knowing what they’re doing. Improper procedures or documents can result in liability for you as the seller.
Run the numbers – make sure that whatever deal you reach, whether with a buyer through an agent, or an investor, meets your financial needs. You may not get retail price but you need to pay off your mortgage. If you’re under water (owe more than your home is worth), you may consider a short sale (a special case in which the lender allows you to sell for less than you owe) but this is not optimal.
Don’t rush when deciding how to sell your house – making an impulse decision because you are stressed and vulnerable (i.e. impending foreclosure) may come back to haunt you. Take time to make the right decision for you.