How to Sell Your Inherited Property Fast – Part 2

February 27, 2010 at 9:02 am , by Russell Bradchulis

Last time I started a new series about selling the property you’ve inherited.

Now we’re going to go a little deeper and discuss some guidelines that you should keep in mind.

Selling a home right now can be done by anyone. With support and information, which can be found through the Internet, one person can sell his or her home either by a real estate agents or selling the home by himself or herself. The high technology that you can find anywhere can be a tool for you to sell your home fast and at a reasonable price, etc.

But, whether you want to buy with agents or by yourself, you need some guides in selling home. There are steps in selling your home. Those guides really help you. Never under estimate them because they have lots of impact in your selling home performance.

These are some quick guidelines to selling your home:

1) Preparation
Show the very best condition of your home. Here is the first step to sell your home. Make a best first impression to your buyers so that they are attracted to buy your home. Get rid of dirt and tras, remove all clutter, repair all flaws of your home, get rid of unused furniture to make it look spacious.

2) Pricing your home effectively
A home that is priced right and reasonable will sell in a short time. You can use a third party service to give suggestion about your home’s value and the furniture in it. Don’t price it too low as it will cost you more money, yet never set a high price as you will lose your potential buyers.

3) When To Sell
You also have to know the right time to sell your home. You surely want to sell your home in a good economic condition and strong demand for houses, which tend to be stronger in June and July. If you sell your home at the right time and with good preparation, you will get the highest price for your home than your prediction.

4) A Bit About The Costs Involved
You should also include any costs that you have spent in selling your home, whether it is attorney costs, closing costs, advertisements costs, etc.

5) Selling Privately
Selling a home by yourself is not as easy as it seems but it is worth to do because you can save about 2-6% of your selling price. Selling a home privately is going to take time and effort for you to sell it.

6) Selling At Auction
Selling at an auction can also be an option. But it is not a suggested because it will cost you more money and also it is a volatile way of selling your home

7) Get a real estate lawyer
You can make the flow of documents easy and have professional advice by getting a real estate lawyer in your selling process.

8) Marketing your home
There are many ways to market your home:

  • Writing a classified ad
  • Home Photos: a picture is worth a thousand words
  • Lawn signs
  • Open houses
  • Home Brochures/Information sheets
  • The MLS (Multiple Listing Service) provided by the agents
  • You are your home’s best salesman

9) Negotiating an offer on your home

10) Home inspections

11) Closing

These guidelines will help you to sell your home. Never hesitate to ask me for professional advice if you meet some problems while you are in the middle of the selling process.

Russell Bradchulis is the CEO and Founder of Foresight Home Solutions, LLC, a full-service real estate solutions provider specializing in Foreclosure Assistance, Residential Redevelopment, and Estate Liquidation. You may call him at 781-333-4447 or email him at russell@foresighthomesolutions.com

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