{"id":13100,"date":"2022-10-12T10:03:53","date_gmt":"2022-10-12T09:03:53","guid":{"rendered":"https:\/\/www.propertypro.ng\/blog\/?p=13100"},"modified":"2022-10-12T10:03:53","modified_gmt":"2022-10-12T09:03:53","slug":"7-questions-to-ask-before-selling-your-home","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/7-questions-to-ask-before-selling-your-home\/","title":{"rendered":"7 Questions To Ask Before Selling Your Home"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">The idea of selling your home may be exciting, and we can give as many <a href=\"https:\/\/www.propertypro.ng\/blog\/real-estate-tips-for-first-time-home-sellers\/\">tips<\/a> as possible, but there\u2019s a crucial list of questions you must ask yourself before even engaging a real estate agent or consultant. Especially if you\u2019ve never sold a property before, it\u2019s important to understand how the selling process works so you\u2019ll know the order of events. Here are the top 7 questions to ask before selling your home.\u00a0<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">When is the best time of year to sell a house?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">You can sell your home at any time of the year, but there are some months (and even specific days) when selling is easier, faster, and more profitable. Festive periods like Christmas or new year are usually accustomed to a lot of excitement but if you are considering putting your house on the market during one of the festive seasons, it is quite advisable to wait a while so you can enter the real estate market when you are going to get the maximum amount of attention from potential buyers because the market tends to be flooded with many buyers during the festive period. You can read more about this <a href=\"https:\/\/www.propertypro.ng\/blog\/when-is-the-best-time-to-sell-a-house\/\">here<\/a>.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Still, real estate is a very localised industry, and the best time to sell depends on your market, as well as your unique situation as a homeowner. You\u2019ll want to think about:<\/span><\/p>\n<ul>\n<li>How in-demand is real estate in my area? Is it a\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.opendoor.com\/w\/blog\/home-buyers-vs-sellers-market\" target=\"_blank\" rel=\"noopener noreferrer\">buyer\u2019s market or a seller\u2019s<\/a>?<\/li>\n<li>What are local market conditions?<\/li>\n<li>What season are we in?<\/li>\n<li>What\u2019s the economical situation of the clime?<\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">How long will it take to sell my house?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">The time to sell depends on where you\u2019re located and the conditions of your local housing market. Your listing price, the condition of your home, and your (or your agent\u2019s) marketing and staging prowess can also play a role.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">How much is my house worth?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Many factors determine <a href=\"https:\/\/www.propertypro.ng\/blog\/how-do-i-determine-how-much-my-home-is-worth\/\">how much your home is worth<\/a><\/span><span data-preserver-spaces=\"true\">: location, size and layout of the house, crime rates and security of the surroundings, flood risk, current listings, amongst many other factors.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A foolproof method could be to ask the <a href=\"https:\/\/www.propertypro.ng\/agents\">pros<\/a>\u00a0for their opinions. Real estate agents in Nigeria will be able to help you determine the price of your property as they don\u2019t pull stale information from the shelf. They will be able to compare your property with recent deals and current listings; also an experienced agent will know how to weigh in all the factors and the condition of your home to determine a competitive price for your home.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">How much does it cost to sell my house?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There are a few costs that could come with selling your house, like repair costs, your real estate agent\u2019s commission, and closing costs, which could include electricity bills, etc. Many\u00a0<\/span><span data-preserver-spaces=\"true\">costs are involved in selling a house<\/span><span data-preserver-spaces=\"true\">. Fortunately, most of them don\u2019t require an out-of-pocket payment, per se. Instead, many come from the sales proceeds at closing.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Should I make repairs before listing the house?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Many times, homebuyers want a \u201cmove-in ready\u201d property\u2014one that doesn\u2019t require much work and elbow grease before moving in. This is especially true of younger buyers, who want a <a href=\"https:\/\/www.propertypro.ng\/blog\/would-you-buy-established-homes-vs-land\/\">move-in ready<\/a><\/span><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.propertypro.ng\/blog\/would-you-buy-established-homes-vs-land\/\">\u00a0home<\/a>. It is a must.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For this reason, you may want to consider making some repairs before putting your home on the market. Smaller, cosmetic repairs can be a good idea to make your home more marketable (and more valuable). On bigger, known issues, like a damaged roof or a broken AC unit, you have two options: make the repairs and foot the bill yourself, or adjust your price accordingly. Most buyers won\u2019t pay top bucks if they know there are big, expensive projects waiting in the wings.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Should I use a real estate agent?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There are pros and cons to using a <a href=\"https:\/\/www.propertypro.ng\/blog\/benefits-of-using-a-real-estate-agent-to-sell-your-home\/\">real estate agent<\/a>. <\/span><span data-preserver-spaces=\"true\">First and foremost, an agent can guide you in your home sale. They can list the home, coordinate photography and showings, market the property, and walk you through closing. They\u2019ll also have access to local market data that can help you price and market your home appropriately.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you do choose to use an agent, make sure you vet them thoroughly. Interview multiple candidates, and get referrals from family, friends, and coworkers. You should also check out past client reviews and make sure they offer the level of customer service you\u2019d prefer.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">What can I do if my house isn\u2019t selling?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There\u2019s a chance your home won\u2019t sell as quickly as you\u2019d like. If this happens, your home might be overpriced for the market it\u2019s in. You should compare your listing price to recent sales of comparable parties and adjust the number accordingly. You may also want to stage your home or make any repairs that could be holding buyers back from purchasing it.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If it\u2019s been a long time, you may be able to switch real estate agents or sell a different way. Be sure you choose an agent with plenty of marketing know-how and local connections. This will help increase your home\u2019s visibility and its chance of a profitable sale. You could also take the home off the market until local conditions change.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Did we leave out any questions to ask before selling your home? Let us know in the comments.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The idea of selling your home may be exciting, and we can give as many tips as possible, but there\u2019s a crucial list of questions you must ask yourself before even engaging a real estate agent or consultant. Especially if you\u2019ve never sold a property before, it\u2019s important to understand how the selling process works &hellip;<\/p>\n","protected":false},"author":31,"featured_media":13101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[38],"tags":[4142,4141],"class_list":["post-13100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-questions-to-ask-when-selling-your-home","tag-selling-your-home"],"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/13100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=13100"}],"version-history":[{"count":2,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/13100\/revisions"}],"predecessor-version":[{"id":13103,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/13100\/revisions\/13103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/13101"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=13100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=13100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=13100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}