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But a stale sale usually results from a seller overvaluing his or her home.

1. Get your finances in order

The opposite can also occur: in a rush to sell a home, or to sell in time so as to move into a new house, a home can be undervalued. Finally, if you're able, try to put your home on the market as long as possible before buying a new one. Otherwise you may end up paying two mortgages, which can be difficult to afford. A bridge loan is a special type of loan that, if you have enough equity in your current home, allows you to pay the down payment on a new home.

Important Steps in the Home Selling Process

You may also be able to get a home equity loan in order to help with the dual mortgage payments. How Mortgages Work. How Realtors Work. Be realistic about the amount of money you can actually save by selling without an agent and the amount of additional time and effort that you must invest. If you want to sell without a real estate agent, be sure to hire a good real estate lawyer and read this entire book so you do the best that you can. Selling your house usually requires that you hire and work with various real estate professionals such as real estate agents, property inspectors, escrow officers, and, possibly, tax, legal, or financial advisors.

Selling Your House For Dummies Cheat Sheet

If you put the right players on your team, you maximize your chances of a successful sale. To increase your chances of an efficient, top-dollar sale, obtain a good house inspection to discover problems before they become deal killers. A knowledgeable, market-savvy agent can help you obtain a higher sale price and quicker sale. For most sellers, a day listing that puts your house in the local multiple listing service is best. Remember that commissions and other terms of the listing agreement are negotiable.

If you have any doubts as to whether to disclose a defect or problem with your house, err on the side of disclosure. Do the right corrective and cosmetic work before putting your property on the market.

  • How to sell your house while buying another one at the same time;
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Preparing your house for sale involves much more than just sticking a For Sale sign in your front yard. Check out other houses in your area.

Owning & Renting Property

To get the answer, examine sales of houses comparable to yours in size, age, condition, and location a good agent can assist you. Price your house right, and it will sell, because informed buyers recognize the value after seeing other houses with unrealistically high asking prices. In addition to smart pricing, use buyer incentives to help you sell faster and get a higher sale price.

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    Eric Tyson , Ray Brown. Whether you're selling your home yourself or using a realtor, this helpful guide offers all the information you need to make an otherwise-stressful undertaking go smoothly.

    10 Things to do Before Selling a House!

    In Selling Your House For Dummies, you'll find plain-English, easy-to-follow information on the latest mortgage application and approval processes, the hottest websites used in the house-selling process, and revised tax laws that affect the housing and real estate markets.