If you are putting your property up for sale, there are a few key steps to take to ensure you get the right price for your home. Many first time sellers often have questions about the process and best practices for a smooth transaction. Consult the information below to guide you through the home selling process. 

Questions About Selling Your Property, Answered

What is the difference between assessed value and market value?

Assessed value is determined by public assessors, personnel who work for a municipality or county. Essentially this value is what the local government uses to determine property taxes. Market value is the price the seller may receive for a house if sold within a reasonable timeframe. It is the highest value one can get on the open market from a buyer.

How does staging affect the sale?

Staged homes often sell a lot more quickly than those that are not. The process entails preparing the house to make it more appealing to a broad range of potential buyers.

Staging usually means removing items that are too personal like family photos and using neutral color palettes in the decor. This gives anyone walking through a blank canvas on which they can picture themselves and their families in the space.

Do you need to make repairs before selling the home?

There are many buyers, particularly in a younger demographic, who are looking for move-in ready homes for sale, making repairs a good idea to sell the property more quickly. You don’t have to go overboard, however. Minor cosmetic repairs like fixing holes and replacing broken or damaged fixtures will give the sale a boost.

For larger problems like roof damage, either invest in the repair or acknowledge the issue with potential buyers and reduce your asking price. Inspections often reveal these circumstances, and they can be used during negotiations.

Should you leave or take the appliances?

The only appliance that is often required, particularly by financial lenders, is an oven. Everything else is up to you. If your appliances are new and you want them in your new home, take them, but you may also choose to include them in your final asking price.

In some cases, it is easier to leave them behind than transport them. Whatever you choose, ensure the buyer is aware of what is staying and what is not.

For homes for sale in Coon Rapids, MN, trust the real estate experts at EXIT Realty Nexus. Since 2004, their 60 local agents have been a reliable resource for property owners or for those looking to invest in the area. Their expertise makes the process stress free from beginning to end. Contact them at (763) 548-1400, or visit their website for their easy-to-use resources.