Home : home and needs : things you need to keep in mind while selling a house : 6 Things To Remember When Selling A House
6 things to remember when selling a house

6 things to remember when selling a house

A house is a lot more than a space to dwell in. It becomes an inseparable part of the lives of its inhabitants, emerging as a backdrop for many milestones and memories. This is why selling one’s home can feel like a difficult decision, even if necessary. So, here are some things homeowners should remember when selling their houses, including evaluating the house’s condition and considering logistical aspects of the sale.

Ensure that the property is well-maintained
It is common for homeowners to sell off their property when it becomes rather old and starts posing multiple issues. Nevertheless, a poorly maintained home can deter buyers because they will have to spend more on repair work and maintenance. So, before offering a property for sale, one should inspect it thoroughly for cracks and leakages, pests, furniture repairs (if one is selling the house furnished), etc. If there are any cracks or possibilities of leakages, one should immediately cement these gaps. If the paint is peeling off from the walls, it is best to have it painted or whitewashed before it is presented to potential buyers. A pest control company should be called in to get rid of any pests in the home.

Carry out a real-estate background check on the buyer
A real-estate background check is a thorough background investigation of a home buyer, seller, or any other entity in real estate. By conducting a real-estate background check on a potential home buyer, one can ensure that the person to whom one is selling their home is genuine and trustworthy. Without a background check, one may run into legal or ethical issues in the future. Checking the buyer’s background at one’s end and asking for identity proof is a given. Still, it is always better to go one step further and seek professional assistance in carrying out this verification. Professional real-estate background checks include different aspects, such as the buyer’s credit score, criminal records, employment verification, and eviction records.

Quote a price based on the property’s current market value
Although one may have bought the property for a much lower price earlier, property values usually appreciate with time. That’s why one should always quote a price for their property based on its current market value and not the price at which it was originally bought. In case there is a depreciation of property value because of reasons like irreparable damage to the property or problems in the locality, one should consider such factors and quote a fair price. It is important to consider factors like its condition, how old the property is, inflation, and the rate of development in its locality to calculate the current market value. A professional appraisal of the property must consider all these factors and arrive at a quote.

Collate all the documents of ownership
When selling off one’s home, one needs to reproduce several documents to establish and prove one’s ownership over it. If there are any problems with property ownership, it can cause delays in selling the house. So, one should have all the ownership documents ready beforehand so that if an issue occurs, it can be sorted before it’s time to hand over the property to its new owners. Here are some of the documents the seller of a home needs to present:

Appraisal:  An appraisal document states a house’s current market value. As mentioned, an appraisal is typically required to determine a property’s market value. So, one should conduct this appraisal and have the document ready.

Original sales contract:  The original sales contract is the agreement between the current homeowner and its previous owner.

Mortgage statement (if applicable):  If one plans to sell off their property before paying off the entire mortgage amount, one should contact the lender and request a statement that presents the payoff amount.

Insurance, repair, and maintenance records:  If any repair work has been carried out in one’s home before it is sold, the buyer should be transparent with records of such repair work. Repair and maintenance records should also be presented to buyers.

Post high-definition photos and videos of the home
These days, there are several online platforms where one can post photos, videos, and information about the house to be sold and easily connect with potential buyers. However, the photos and videos of the home form the first impression of it in potential buyers’ minds, so it is important to post only high-definition photos and videos of the home on these sites. Also, one should post photos and videos of all the rooms in the house, including bathrooms, balconies, lawns or backyards, and the garage, so that those interested have a holistic view.

Negotiate tactfully
Negotiation at the finalization stage is crucial to strike the best deals and gain a fair profit. At the same time, one should not be too adamant and unrealistic about the quoted price. So, before presenting the house to buyers, one should set a final price with some leeway for negotiation. This way, even if buyers negotiate for a smaller amount, one can still ensure profits for the home.

Top Reads

Top Tags

Popular Reads

11 management options to keep anxiety at bay
Health

11 management options to keep anxiety at bay

People with anxiety disorders regularly and excessively experience fear and panic in everyday situations. If unchecked, anxiety can impair normal functioning and degrade the quality of life. One must consult a health expert if anxiety is affecting their social life. But first, ensure that any physical health issues are ruled out before consulting them. Most individuals with anxiety disorders need medication or therapy, but coping strategies and lifestyle decisions can also be helpful. Stop and take a breath When you experience an anxiety episode, take a moment to think about what is making you feel uneasy. Usual anxiety symptoms include concerns about a recent or distant event. For example, you can worry that something wrong will happen to you in the future. Or, you can still be upset about something that has already happened in the past. But, whatever your concerns, most anxiety issues stem from not focusing on the present. The next time you feel nervous and get distracted from the present moment, sit down and take some deep breaths to reclaim your composure. You can regain balance and return to the present moment by pausing and taking a few deep breaths. If you have the time, consider advancing this practice by experimenting with breathing techniques.
Read More

Breast cancer – Causes, types, and management

Cancer that originates in the breast tissue is called breast cancer. It is the second most common cancer among women in the country. The condition is seen in women more than men. Fortunately, advancements in screening and breast cancer treatment have enabled dramatic improvements in survival rates over the years. The symptoms include changes in the texture and shape of the nipples, discharge from the nipples, and a lump in the breast.  Read on to learn the causes, types, and management options of breast cancer.  Causes of breast cancer Breast cancer occurs when abnormal breast cells divide and multiply more rapidly than healthy cells. These abnormal cells accumulate to form a lump or mass. Doctors have not been able to know the exact cause of breast cancer. However, multiple factors can trigger the chances of developing the disease, and they include: Family history and genetics The risk increases if you have parents or close relatives who have been diagnosed with breast cancer. Having gene mutations such as BRCA1 and BRCA2, which are passed down from parents to children, also increases the risk. Age The risk of breast cancer increases with advancing age.  Gender The risk of developing breast cancer is higher in women than in men.   Personal history of breast conditions The risk increases when an earlier biopsy has indicated atypical hyperplasia of the breast or lobular carcinoma in situ or if cancer has been detected in one breast.
Health

10 best laundry detergents and their features

Detergents are available in multiple forms, such as pods, powder, and liquids, and choosing the best one can be tough. In addition to daily wear clothing and regular laundry items, you could have some garments that require specialized products for effective cleaning. Some members of your family might have sensitive skin and need mild chemical-free products. So here is a list of the best detergents that can make your laundry task hassle-free.  Gain Laundry Detergent Among the list of laundry detergents that are known for their fragrance is Gain Laundry Detergent. The liquid not only cleans your clothes but also gives them a delicate fragrance that can last for up to 6 weeks or until the garment is worn. This detergent can be used in all washing machines, including highly efficient ones. The detergent also has Oxi Boost, a combination of surfactants, enzymes, and pre-treaters that aid in eliminating stains and odors that could be two weeks old. Moreover, this product is available in multiple sizes to cater to the needs of every household. Persil ProClean Laundry Detergent Among the laundry detergents that excel in stain removal is Persil Proclean. This concentrated liquid offers deep cleaning and has stain-fighting enzymes.
Everything Else

Things to know about chronic kidney disease

Chronic kidney disease   occurs when there is a gradual failure of kidney function due to illnesses, genetics, etc. The kidneys’ main role is to filter waste matter and flush out excess bodily fluids, but advanced kidney failure causes fluids, electrolytes, and waste to build up in the body. Various factors must be understood to manage the condition, including the causes, symptoms, prevention tips, and more. Read on to learn more about chronic kidney disease. Causes of chronic kidney disease The main causes of chronic kidney disease are as follows: Diabetes When the body’s sugar levels are too high and become unmanageable, bodily organs stop functioning as normal. The first to be affected are the kidneys, leading to diabetes, which, in turn, affects the nerves, eyes, and heart.   High blood pressure This is when blood pressure against the walls of the blood vessels increases, and can lead to chronic kidney disease, heart attacks, and strokes. Hence, chronic kidney disease can also be caused by uncontrolled high blood pressure.   Genetics Chronic kidney disease can also be passed down through the genes. Therefore if someone in your close family has the condition, it is likely to be passed down to you.   Autoimmune disease Lupus nephritis is an autoimmune disease that causes swelling of the small blood vessels, which are responsible for flushing waste out of the kidneys.  Birth disorder Sometimes, certain malfunctions of the kidneys develop in the mother’s womb and can cause infections and kidney damage later on in the person’s life.   Other causes Kidney stones or tumors can cause kidney damage or failure if not treated in time.  Glomerulonephritis It is a group of diseases that can cause inflammation in the filtering segments of the kidneys.
Health

Have these 14 foods to manage macular degeneration

Macular degeneration is an eye condition that causes changes in the macula, leading to vision loss. Though there is no cure for this condition, following an eye-healthy meal plan is important in managing complications like vision loss. A nutritional regime for age-related macular degeneration should include healthy amounts of vitamins, minerals, and other nutrients. Some foods that contain eye-healthy vitamins that help manage symptoms of macular degeneration are listed below. Macular degeneration Age-related macular degeneration is a primary cause of vision loss among people aged 55 years and above. The condition refers to the deterioration of the central part of the retina called the macula. Symptoms include blurry vision, blind spots, difficulty recognizing faces, visual distortions, and more. Studies indicate that nearly 20 million people in the country live with some form of age-related macular degeneration. This condition occurs in two forms- the dry and the wet form. The dry type occurs when the macula gets thinner with age. This condition gradually progresses over the years. The dry form can advance into the wet type when abnormal blood vessels develop in the back of the eye and harm the macula. The wet type of AMD usually accelerates vision loss. Leafy green veggies Dark-green, leafy vegetables are rich in beta-carotene and carotenoids such as lutein and zeaxanthin.
Health