What takes the longest when buying a house?
When it comes to buying a house, one aspect that can stretch out the process is the involvement of conveyancers. They diligently handle various tasks like gathering information, examining survey results, and organizing contract exchanges. This aspect tends to be the most time-consuming part of purchasing a home. Expect a considerable amount of communication between your conveyancer, the seller’s conveyancer, and the estate agent, as they work together to move things forward.
How should I prepare my home for sale?
Preparing your home for sale is crucial. To attract potential buyers and achieve your desired price, there are several must-do’s you shouldn’t skip: to get professional pictures taken to showcase your home’s best features, declutter and organize your space to create an appealing environment, take the time to decorate wisely, enhancing the visual appeal, address any blemishes, ensuring your home is in top condition. With a tidy and well-decorated house, you’ll captivate buyers and increase your chances of a quick and successful sale.
What information about my home should I disclose to potential buyers?
When selling your home, it’s crucial to disclose certain information to potential buyers. Under your state’s real estate disclosure laws, you must reveal important details like any deaths on the property, roof leaks, presence of lead-based paint (according to federal law), known toxins, and water damage. However, keep in mind that these are just some examples, and they may vary depending on the state where you’re selling. To ensure you don’t miss anything, do thorough research and consult with your agent. Don’t hesitate to ask them about any other necessary disclosures.
What is the assessed value and why is it different from what my house is worth?
The assessed value, determined by a tax assessor for taxation purposes, doesn’t necessarily reflect what your home is worth on the market. So, when it comes to property taxes, they’re calculated based on the assessed value multiplied by the local tax rate. However, it’s important to note that the assessed value doesn’t dictate what others are willing to pay for your home. In reality, houses are often sold for more or less than their assessed value. At the end of the day, the actual selling price of your house depends on what the buyer perceives its worth to be.