10 steps to sell your house

Currently, selling a home can span a period of just three to four months, unlike during the real estate boom, when this process is completed in a week. In the following you have 10 steps that Dean Graziosi recommends to streamline this type of transaction, from negotiating prices for home release.

First step: Pricing

Most of the owners decide to sell their home if job changes when a new job is located in another area or even another city, and due to increasing family, a larger home is becoming necessary.When you decide to sell your house, the first thing you need to do is establish a price. For this, you shall have different techniques, among which comparison method, which involves checking for available similar home-profiles and information from neighbors or neighborhood block recently traded like a home, to find price area. To establish the price, another method is to consult a real estate agent, but according to experts, this technique is rarely adopted.

The second step: Preparing documents

After setting the sales price, preparing documents necessary to complete the transaction: Sales of property, which proves acquiring housing, land book extract, Cadastre and registration, which add energy certificate mandatory for homes sold in the First Home Buyer program.

Take as an example the case of an apartment with two rooms and a total area of approximately 50sqm, located in an old building, which cost energy certificate stands at around $200. Cadastre, which is issued after 30 days, costs $300, plus tax and registration for the owner will still be out of pocket 120 lei, aiding, and land book extract, which costs

about $ 20. If the owner solicits issuance and land registration in emergency and 10 days, costs will be 5 times higher.

Step Three: Costs

If you choose to work with a real estate agent, it is important to note that the amount of commission amounts to 3% of the transaction value plus VAT, the commission can be negotiable. Also for exclusive representation, the commission charged by estate agent may be lower. In addition, upon completion of the transaction, the owner must pay a transaction tax on the amount of which varies according to the period in which the house was purchased. Otherwise, if a property held for less than 3 years, worth over $200,000, the tax will be 3% of the price plus 2% of the amount exceeding $200,000. In case the property has been owned for more than three years, the tax will be calculated as follows: 2% of the sale price if it is below the amount of $200,000, and 1% of the amount exceeding this amount.

Step four: Getting your home ready

After completing the necessary documents to start a transaction, you will transfer your attention into prepping your home for sale, trimming which may consist of repair, renovation and cleaning. According to experts, it is not recommended repairs before the sale, and if the house is renovated, it must be ventilated and have a neat appearance and welcoming. There are also various tricks and tips to leave a pleasant impressive customers: a clean bathroom, bedroom set, leaving no grounds for assuming personal items and wall painting and repairing pipes where necessary.

Step five: With or without an estate agent

Once you have decided to sell your home, you can choose between consulting a real estate agent and acting on your own. If you opt for the latter, then you can post your ad on a website of costs hovering around $3.10 plus VAT. If you wish to be represented by a real estate agent, you need to find a real estate agency located near home sales and collaborator choose based on recommendations received, and his resume. Among the duties of the real estate agent selling lists, mediation and counseling owners on the trading price and their housing.

Step Six: Presentation of future housing

After the announcement of the sale of the home is made public, on either mls or by estate agency, by posting a banner, triggers the next stage, that of home viewing by potential buyers. In general, a customer viewing twice the same apartment, and when he makes a bid in most cases has already gained experience in views.

Most times, bids are verbally, but if traded properties are worth more than $1700 / sqm bid is in writing. Also, final negotiations, experts recommend choosing a neutral ground who does not belong to any party.

Step seven: pre-contract

Once both the owner and the buyer have agreed on a price, they will sign a pre-contract, as required if the purchase is made through mortgage. When the price of housing to be acquired through the first house and the cost is about $60,000, pre-contract deposit is required for maximum $3000. After the pre-contract was signed, is necessary to evaluate the property for $ 400-600 USD, the buyer is the one who will bear the cost.

Step Eight: Final Contract

The final contract can be signed at about 30-45 days after the end of the preliminary contract. If a loan type first house, pre-contract is concluded for a period not exceeding two months, and for a mortgage classical period is about 2 weeks. Today, about 80% of transactions are concluded through housing loan. If homes purchased with cash, energy and pre-contract certificate is optional.

Step nine: Receiving money

For real estate transactions through a bank loan, the loan amount is transferred to the seller's account after the credit agreements and the sale was signed, and in some cases, when ownership was tabulated in the land. The transfer fee for the account is deducted from receiving credit, the buyer. Amount of commission can be fixed around tens of dollars, or may represent a percentage of the transfer, most often below 0.3%, depending on the bank and currency. If the seller wants to withdraw the cash after the transfer, it will incur a cash withdrawal fee and any other fee charged for. In general, as a percentage of the total amount withdrawn, withdrawal fees are higher than the interbank transfer. In most cases, however, the withdrawal fee is 0.5% of the amount transferred is divided between the seller and buyer.

Step ten: Getting out of your house!

After the contract of sale, the owner has a period of 30 days to release the house. At the same time, it must provide proof to the new owner of the last bills paid utilities. Also, the buyer can keep some of the existing furniture, depending on negotiations held. After completion of the last stage of the sale, the current owner's real estate agent can receive from additional services, such as transport new furniture or renovate housing.

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