Make sure you do these things before selling your house in Indianapolis
Want to sell your home in a competitive market such as Indianapolis? Taken into account the improving economy as well as the prospect of higher mortgage rates most homeowners are quickly listing up their properties.
If you don’t want to turn the selling process into a mad rush to get your home out into the market it would be a good idea to make a list of things to do before selling your home.
Evaluation of the House
Are you asking yourself “How much is my house worth in Indianapolis?”
Are you looking to sell, but not sure what your property is worth? Or perhaps you would just like to know what competing properties are being marketed at?
If this is the case you will have to go through the appraisal process. There’s no way around it. It’s a standard requirement imposed by all lenders. In a sale transaction, an appraisal is used to determine if the home’s contract price is appropriate considering the home’s condition, location, and amenities. As a seller, if the appraisal is low it means that you will have to lower your home’s price if you really want to get it sold as mortgage lenders won’t approve loans for more than a home is worth.
This may seem like a tedious step, however, it is relevant. Although the buyer will most likely not insist on all the documents but if he is planning to take advantage of a housing loan, then the mortgage lender will insist on providing the smallest document related to the house. Hence, it is always a good idea to do a document check before you start the selling process.
Identify liens and disputes
A critical step for the sale of any home is the review of the property’s title report. A prospective buyer’s mortgage lender and the title insurance company will ask for the current title history of the property. A title search will usually indicate whether or not a lien exists and whether the seller is the legally recognized property owner. Lenders want to make sure that the buyer can purchase the house free of any liens and encumbrances and will ask for all liens on the property to be removed before providing mortgage financing.
In case there are any title problems, some can be easily solved on the closing day. For example, an unpaid property tax payment can be paid by the escrow company that will just make that payment and deduct it from the seller’s sale proceeds. But in many instances, it is better to handle these issues as early as possible in your sale
Keep in mind that the easiest property to sell is unencumbered property
Preparing Your House for Sale In Indianapolis
The longer you live in a house, the easier it is to get used to things as they are, even if the way they are is unappealing. If your property needs important repairs, make sure these are taken care of before you plan to tempt prospective buyers. Homes today that are not in their best condition suffer greatly when it comes the time for receiving an offer. The reason for this is that there are far fewer buyers today looking to spend the time and energy to fix up a house.
You will want to ensure that your house is in its top shape to attract buyers. If there are any flaws in your home that can’t be fixed with a simple polish, you should take into consideration making a few repairs. However, if your house has structural defects that are costly to fix, the challenge is in deciding whether or not to fix them.
One misstep in the selling process could set you back weeks or months unless you decide to sell your Indianapolis house fast to a cash home buyer.
After you contact Christopher Ellyn Homes, they will examine your property’s condition and then will present the offer on the spot. There is no need to wait for days to get your home appraised, to get listed or to get offers. We can close in as little as 9 days. How is that possible? As the sale of the property is not reliant on approved financing, appraised values or home inspections, consequently skipping all of these steps greatly expedites the selling process.
By selling to a cash home buyer you will not have to take care of those costly repairs that would normally be considered your financial responsibility. In addition selling your house fast for cash can take out the stress that is related to having a tax lien on your property. This way you can avoid paying any additional penalties and interest that you would receive in case you decide to keep your home.
No matter the circumstances we can help you get a leg up on the competition.
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