I Will Sell It
It’s part of a SUCCESS mindset… I have it, and if you’re reading this, you have it too.
Our goal is not to just sell a property. We are seeking your best case scenario. I’m part of a team in the Chicagoland area, and we work together to make things happen for our clients. My personal expertise is marketing and technology, but we also have contracting, interior design, landscaping and legal professionals ready to help you move forward.
Seller’s Guide / F.A.Q.
- What are the current market conditions?
Sellers need to consider the current state of the real estate market and whether it is a buyer’s or seller’s market. One of the key indicators is the Federal Reserve interest rate.
- What is my property worth?
It’s important for sellers to determine the value of their property based on factors such as location, condition, and recent sales of similar properties. Sales of similar properties in the area will give you a good idea. You could also order a professional appraisal
- Am I timing the market correctly?
Sellers should consider the ideal time to sell their property, such as during peak season or when there is high demand. Decide if your circumstances allow you to wait for the best time.
- What does it mean to stage a property?
Staging is presenting a property in its best light, so buyers can see the full potential. It’s often handled by a staging company. Please Note: They keep the furniture! :) Your property will be completely upgraded from an aesthetic standpoint but it should be understood that it’s just a sales model.
- What kinds of repairs and improvements will I need to make?
In a word… Repaint! Also kitchen and bathroom upgrades (backsplash) are known to increase value. Investors have also created extra bedrooms in spaces like the attic or basement. Think about the curb appeal and the lawn. It’s all balanced against what you can sell it for. Now here is an unabashed, overt endorsement :) Compass has a “Concierge Program” which can provide some of the upfront costs to repair and stage your home correctly. Reach out to see what you qualify for.
- What goes, what stays?
This is a very important part of the agreement. Which items are you taking with you? Which items are considered fixed to the property? Restaurants, for example, may decide to take their ovens with them. Home owners may want to keep the chandelier. It’s best to outline all of it in the contract, or remove it altogether before the sales process.
- What are the legal requirements for selling this property?
They may vary according to your municipality. Generally sellers must comply with zoning requirements, provide disclosure statements for any known deficiencies, and obtain necessary permits for repairs.
- What does a broker do for sellers?
Brokers provide assistance with pricing, marketing, negotiating, and other aspects of the sale. We also help you to stage your property, making it more attractive to prospective buyers. Once the property is ready, we schedule showings according to the predetermined schedule.
- What are the tax implications of selling my property?
As a seller you may want to consult with a tax expert weigh options and consider how the sale might affect capital gains taxes. Property taxes, however are assessed by the municipality, and must be paid by whoever owns the property at the time.
- Have I made plans for my next move?
Whether you are selling your primary residence, or business address, you will want to give yourself plenty of time to plan for what’s next. Sometimes the sales process is done before you know it. You do not want to be caught off guard.
Let’s Begin The Process
Do you have more questions? Ready to get started? Tell me about your property.
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References
- Kiplinger’s Personal Finance. (2021). 7 Tips for Selling Your Home in a Tight Market.
- Forbes. (2021). Selling Your Home? Here Are 7 Renovations That Will Help It Sell Faster.
- Real Simple. (2021). 5 Tips for Selling Your Home Quickly (and for Top Dollar).
- Better Homes & Gardens. (2021). How to Sell Your House: 100 Tips to Sell Faster and For More Money.
- House Beautiful. (2021). The Ultimate Guide to Selling Your Home.