Most experts would agree that it is a seller's market. Homes are in great demand, supply is low, and house prices are still high. If you are like many people, you may be interested in selling your home.
However, selling your home is a major undertaking, and it's easy to make mistakes or overlook responsibilities. As you prepare to sell, you should consider the following suggestions:
While it is possible to sell your home without a realtor, there are many serious risks associated with "for sale by owner" transactions. Usually, these risks outweigh any potential cost savings associated with an FSBO sale.
Real estate agents have better access to large networks of potential buyers and experience with the home selling and buying process. Your agent can help you identify any unqualified buyers and negotiate the best price possible.
Seller disclosure is a significant aspect of selling a home. If you sell your home, you have a legal duty to disclose any facts that would materially affect the home's value or desirability. Failure to disclose any flaws, hazards, or defects in the home can lead to nasty lawsuits.
In addition to your agent, consider retaining a knowledgeable real estate lawyer. Selling your home will most likely be one of the largest and most consequential financial transactions you will ever make.
A real estate lawyer will help you ensure all agreements and contracts are executed properly and do not contain any errors or omissions. Your attorney can conduct due diligence and attend the real estate closing alongside you. If unexpected disputes or legal problems arise, your attorney will be there with you to handle it.
Showings are used to draw in potential buyers, and decluttering is a great way to make your home look bigger and more attractive in preparation for a showing.
Most people have items packed away in drawers, closets, and garages that they don't really need anymore. If you have lived in your home for many years, you probably have items you are not even aware of lurking in corners of the home.
Take some time to go through your home and sell unwanted items or give them to charity and give your home an advantage to sell.
If you need any help regarding your estate or other legal matters please reach out to us directly here and schedule a call with one of our paralegals on our scheduling page here.
As a blog exclusive, we also have some free estate planning resources for you! View our life planning guide and our estate planning checklist below to either begin your estate planning or check to be sure you're up-to-date on your documents.
Sivia Law presents a six-step checklist to create your own “Life Planning Guide.” This guide helps you advise your loved ones so that they can honor your wishes for your health care desires as well as for the distribution of your estate.
Click here to learn more!
When it comes to planning your estate, having a checklist and important documents in hand is a key part of the process.
Click here to get started with your estate planning checklist!
If you need help with estate planning or any other legal concerns, we are here for you. Don't hesitate to contact our firm directly for assistance. Our dedicated team is ready to provide support and guidance to you and your loved ones during important life transitions.
Whether you're ready to schedule a strategy session to discuss your specific needs or if you're interested in exploring our wide range of complimentary guides and additional resources, we encourage you to get in touch with us.
With licensed attorneys and offices located in both Illinois and Missouri, we are well-equipped to serve clients in these regions. Reach out to us today and let us leverage our expertise and care to guide you through the legal process.
Begin your journey by taking advantage of our collection of complimentary guides.
Simple & Convenient, Cost Effective, Attorney Reviewed Documents.
Click the button & fill out the form so we can better understand how we can help.
