If you're ready to sell your home, there are a few steps you'll want to take. Some of these steps involve simple improvements that will help you increase the value of your home as well as the speed at which you'll be able to sell your property. As for the very first things you'll want to take care of, here's what you should do approximately two months before you put your home on the market:
Understand the market
Every real estate market is different, and some are better for sellers than others. Make sure you understand what's currently happening in the residential real estate market in your area. Learning about your real estate market will help you determine an appropriate price for your home.
Figure out transaction costs and your remaining equity
You'll need to pay some costs related to the selling of your home. Much of the costs related to the sale will be covered by the buyers. You'll be able to negotiate the payment of these expenses when you make the sale arrangements. Still, it's a good idea to know beforehand what these costs and expenses are going to be. For example, you'll want to know about transfer taxes, property taxes, title insurance costs, escrow fees and more.
Get your documentation together
You'll also need to gather the appropriate paperwork and documentation required to sell your home. Do this as early as possible so that you're not left in a tizzy trying to find missing documents at the last minute. Most importantly, you'll want to gather your mortgage, insurance and title documentation.
For more advice about how to sell your home, the various legal issues you could face and how to avoid them, our legal team is standing by to assist you with all of your residential real estate transaction needs.