gettyimages 829370360 4 simple steps to effectively sell your home

A for sale sign stands on a residential street on August 10, 2017 in London, England. (Dan Kitwood/Getty Images)

While spring is the best time to put your home on the market, with planning and preparation you can attract more buyers and close faster no matter what the season.

Below are four steps outlined by Freedom Mortgage to help get you on your way to selling.

1. Review Your Finances

Evaluate your finances to prepare for sale-related expenditures.

  • Consider income and expenses related to selling and relocating – including the payoff from your current mortgage, closing costs on your new home, and changes in taxes
  • Create a budget for inspections and repairs
  • Draw up a timeline and plan for any financial consequences of unexpected delays

It’s important to create a realistic budget; closings can be delayed due to disputes about last-minute repairs. If you’re buying a new home, consider setting aside extra cash for unexpected costs.

2. Inspect and Repair

gettyimages 823094282 4 simple steps to effectively sell your home

Customers shop at a Home Depot store on July 26, 2017 in Chicago, Illinois. (Scott Olson/Getty Images)

Inspect your home carefully and make any necessary repairs that are within your budget. Homes in move-in condition attract more buyers and higher offers.

If you pay a home inspector to evaluate your house prior to listing, you’ll have advance warning about what must be repaired before closing. A home inspector will visually evaluate:

  • Roof, basement, foundation, and outbuildings
  • Heating, venting and air conditioning
  • Plumbing and electrical
  • Visible fire and safety hazards

Home inspections typically do not cover wells, septic tanks, underground pipes, appliances or swimming pools. To command top dollar for your home, make sure these are in working order. Most importantly, make cosmetic repairs that buyers will notice:

  • Add fresh coats of paint where needed inside and out (neutral colors are best)
  • Remove all mold and mildew
  • Replace windows that are difficult to open or visibly worn

Flooring is also a big consideration. If you have hardwood floors under carpeting, make sure that is exposed or consider removing the carpet altogether and refinishing the floors.

3. Clean, Organize and De-Personalize

gettyimages 822742798 4 simple steps to effectively sell your home

Home lighting is offered for sale at a Lowe’s home improvement store on July 25, 2017 in Chicago, Illinois. (Scott Olson/Getty Images)

  • Doors, moldings, walls, lighting fixtures should be sparkly clean and dust-free
  • Sweep sidewalks and driveways; rake leaves; fix bare spots in the lawn
  • Remove clutter from all rooms including basement, attic and garage; pre-pack off-season items including coats; clean up evidence of pets
  • Remove personal photos, memorabilia, and items that might turn off buyers
  • Make the porch and entrance way inviting with fresh flowers or seasonal touches

4. Get an Appraisal and Set the Price

If you are working with a real estate agent, they will do the legwork on pricing your home. An experienced real estate agent is knowledgeable about the properties in your local area and can help make your home selling process much smoother.

If you choose not to work with a real estate agent, you should pay for a certified Appraiser to assess your property to help you determine how to price your home. You’ll also want to consider hiring an attorney who can supply and review purchase contract forms and outline contract terms.

If your buyer will be obtaining a mortgage, their lender will also order an appraisal. Be aware that closing can be delayed if this appraisal comes in much lower than the purchase price. Setting a realistic selling price can help you avoid this type of delay.

Call 800-601-0770 to learn more about Freedom Mortgage VA Home Loan or click here.

ehl logo 39x41 4 simple steps to effectively sell your homeFreedom Mortgage — NMLS ID: 2767 Equal Housing Lender — is a sponsorship partner of ConnectingVets. Freedom Mortgage is proud to be America’s No. 1 VA lender.

907 Pleasant Valley Avenue | Suite 3, Mt Laurel, NJ 08054 | 800-220-3333 Lender: NMLS ID: 2767 | Freedom State Licensing

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