Thursday, January 24, 2008

What Do You Need To Do Before You Sell Your LA House?

What Do You Need To Do Before You Sell Your LA House?
Do you need to sell your LA house? Then there are some
things that you need to do before you try to sell it. It
doesn't matter if you will be selling your home on your own
or through a real estate agent. You still need to do these
things so that you can make sure you get what you want when
you do sell your house.

Here is what needs to be done before you try to sell your
LA house.

One: You want to get pre-approved for a home loan. There
are many times that people will sell their home before they
even know if they are qualified to buy another house. You
want to make sure you get this done first so that you will
know what you are going to do once your home is sold.

Two: Find out what your mortgage payoff is. You want to
call the lender for your current home mortgage and find out
this information before you try to sell.

Three: Find out how much your current home is worth. You
need to know what your home's fair market value is before
you sell your LA house.

Four: Estimate what your costs will be to sell your house.
You need to find out what the real estate commission will
be; the advertising costs, signs and other fees involved in
selling a home. You also need to find out what the
attorney, closing agent and any other professional fees are
going to be.

Then there is the excise tax on the sale, the prorated
costs for your share of annual expenses such as property
taxes, home owner association fees and fuel tank rentals.
You also want to know about any other fees that you as the
seller will have to pay such as for surveys or inspections.
When you use a real estate agent to sell your LA house,
they can tell you a very close estimate of what the seller
closing costs will be.

Five: Figure out what your cost will be to buy a new house.
The lender you want to use should be able to give you a
disclosure of estimated costs when you apply for the
pre-approval of a loan.

Six: Figure out your estimated proceeds. You want to deduct
the mortgage payoff of your home's fair market value and
deduct the costs to sell from the remainder to figure out
the proceeds you will be getting at closing.

Seven: Make any repairs to your home that is necessary
before you try to sell your house.

Eight: Get your home ready to show to potential buyers.

Nine: Be prepared to let people into your home so they can
see it before they buy it.

By doing these things you will be more prepared to sell
your LA house. You don't have to do these things but they
will definitely help you when you do sell. So take time to
get all of these done so that you can get the most for your
home when you do sell your house.


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