Selling your home can be a big decision. Often, it means that you are moving on to bigger or better things, however, you cannot completely move on until you have sold your property. Selling a house is not always an easy process, though it can help significantly if you know what to expect. The following are 9 things you will have to think about during the process of selling a home.
- Be informed — Different people will have different opinions about what your home is worth. You should do your own research regarding your neighborhood and similar homes in the area so that you can have your own educated opinion about selling price.
- Carefully choose an agent — You are trusting a major task to your listing agent when you hire them to sell your home. If they are not proactive in selling the property, it could create delays in your plans or even financial hardship. You should seek help from an agent who is motivated, trustworthy, and who understands your market and agrees with your sales strategy.
- Consult with an attorney — While many people do not consider hiring an attorney for residential property sale, an experienced real estate attorney can provide many different important services throughout the process to ensure your legal and financial rights are protected.
- Negotiate an offer — An offer to buy is often just a jumping off point to begin negotiations with the potential buyer. An attorney can help with the negotiation process to ensure you get the right price for your home.
- Have your attorney review the contract — As with any other type of legal contract, all real estate contracts should be carefully drafted and reviewed by a skilled attorney.
- How to handle escrow — Escrow is a very important part of a real estate transaction as it holds down payment until closing is over. A trusted attorney can serve as an escrow agent so you do not need a third party.
- Disclosures — It is important that you provide all of the disclosures required by law regarding the property to the buyers. A real estate lawyer can help ensure all disclosure laws are followed to avoid later disputes.
- Address inspection issues — In most cases, a buyer is allowed a full inspection of the property to identify any unknown defects prior to closing. You should be prepared to fix certain defects, lower the price, or to start over with another buyer.
- Close on the sale — Closing is a legal process involving a significant amount of paperwork and the important transfer of escrow funds. Having an attorney overseeing the process can ensure it goes smoothly and in accordance with real estate laws.
Call for a Consultation with an Experienced NJ Real Estate Lawyer Today
Attorney review of contracts and assistance throughout the home-selling process can be extremely helpful in ensuring a successful sale. Please call a New Jersey real estate attorney at the Law Office of John L. Schettino at 201-498-9768 for assistance today.