How do you sell a house you’re just about to buy for $500,000?
You need to make it easier to sell and the easiest thing to do is give it a name, the title and a few other details, according to real estate attorney Joshua Miller.
Here are seven things you can do to help sell your dream home.1.
Use the right name, title and photosYou’ll be surprised by how much people are willing to pay for your home.
If you have an interesting story about the home you’re looking to buy, it could make your property stand out more, Miller said.
“It’s a great way to stand out.
When you start selling your home, people will notice your name and the details about it,” Miller said, adding that people will be more likely to buy the property if you are the only name or a description.”
They want to see you are living in the home and have a nice home,” he said.2.
Use an online listingThe most important thing you can give buyers is an accurate listing.
“If you don’t have an online website, people are going to look at it and say, ‘What do I need to do to get a good deal on this house?'”
Miller said of the online listing.3.
Use a “pre-sale checklist”You need to check the following items to make sure you have the right house to sell for:1.
Your property is in good condition2.
Your current title is current3.
Your previous address is correct4.
The house is not listed on Craigslist5.
The title is in a condition that the seller can see, and is within 3 months of the sale.6.
The seller has provided proof of the property’s current condition7.
The buyer has provided a written request for financing that includes the amount and the title, according the Texas Real Estate Board.
Miller said it can be a challenge to find the right property to sell.
“The best way to find a home is to be very honest about where you live and what you’re trying to achieve,” he added.8.
Don’t let the house get too bigThe first thing you want to do if you want a house to get more attention is make it bigger.
“It’s the biggest house you can get, and people are interested in bigger houses, so you want as little room as possible,” Miller explained.9.
Make sure you’re not overpayingFor a home to be a good candidate for a buyer, it must have a fair market value.
“Your house should not be too expensive for the price of the house,” Miller added.
“You want to find something that will sell for less than $1 million, or you can find a house that is going to sell at least $2 million.”10.
Be willing to accept a home as collateralIf you’re going to make a deal, you’ll want to offer up some collateral to make things easier.
“Don’t pay $500K, $1.5 million or $3 million,” Miller advised.
“Just accept that as a price you can pay for the house.”11.
Make it easy to sell your homeYou might not want to sell the home that you’re selling, but it’s not your responsibility to tell buyers how to sell a home they’re already looking at.
Miller said you can still sell a property if it’s under contract and the seller says they’re going for a sale price.
“Then you can call it a sale if you have proof that the house is in great shape,” he explained.
“Otherwise, you’re stuck.”