The days of refinancing your home for extra cash are slowly fading into the past. Since the recession, most homebuyers have felt that completely paying off their mortgage was is worthwhile as it provides them with peace of mind and outright ownership of their home.
The first and most important step to selling your home without a realtor is to do a lot of research. Read through the purchase and sale agreement from contract when you bought your home, review local listings online and in real estate publications and try reading blogs and books about selling by owner. Your research can help you understand the language and processes of the real estate business and most importantly can help you know what your home is worth, and therefore how much you might be able to list it for.
This is where a lot of hard work comes in. You need to focus on getting your home ready to be shown. Paying attention to things like paint, carpet and landscaping are important. Also, de-cluttering your house so people can actually envision themselves living there is a key. The best way to go about this is to put yourself in the shoes of the potential buyers. What would you be looking for? What would impress you? What would detract from the appeal of the house? Since you won’t be using a realtor, it is important for you to be the salesperson. Understand the key selling points of your home. What makes is different or better than others in the area? What things do you want to highlight to potential buyers.
The key to selling a home is to price it effectively. If you end up pricing your home too high, then it will scare buyers off. Plus, if it stays on the market for too long because of the price being high, potential buyers will assume that there is something wrong with the house and might pass it over in their search. The lower the price, the faster it will sell, presumably…but you need to make sure that you are making a profit as well.
One hundred dollars more each month over dozens of months will significantly decrease the amount you owe. This is because more of the payment will go towards the principal and not towards the interest. If you cannot afford a one hundred dollar price hike, simply round up to the nearest ten or one hundred digit. Although small, these amounts will decrease the length of your mortgage.
Buyers love to come into homes they are interested in and turn on faucets, flush the toilet ad test out anything else they can get their hands on. Can you blame them? It is up to you to give them no reason to complain about the state of your home. Fix leaky faucets so they don’t drip. Patch holes in the wall, even small holes from tacks or nails. Touch up the paint in the whole home so each wall looks nice. Interested parties should feel that the home is in good condition.
Regardless, you are going to have to pay more in a shorter period of time to get rid of the mortgage. These are just a few ideas on how you can throw more money at that mortgage monster. If paying off your debts is a priority to you, then utilize these tips to accomplish that goal. It may be a difficult sacrifice, but you will be glad you did it in the end. Get started now with a plan to get ahead!
Luxury Homes in Springville, Utah is owned by John DeHaas who has been in the manufactured home business for 46 years! In that amount of time John has seen epic changes in the homes that he sells (Including Modular Homes in Utah and Mobile Homes in Utah). Luxury homes provides a diverse and great range of housing options that can meet your personal budget.
