Selling a home can be a very expensive, stressful and time consuming process. The purpose of this article is to provide an overview of the different stages and processes involved, and the costs the average seller is likely to incur.
Sadly, not all property sales are conducted willingly by the owner of the property, as there can be circumstances when an owner is forced to sell. This article deals only with scenarios where the owner is able to sell at a time of their own choosing.
Before deciding to sell, it is advisable to be aware of the market. There are two things to take into consideration here:
Prospective buyers will know whether there is a glut of property on the market, and therefore whether they can bargain effectively. They will also probably be sensitive to interest rates. If interest rates are low, and expected to stay low, then borrowers will be able to stretch a little bit further in price.
Ideally, you would be selling at a time when demand is high and interest rates are low. Make sure you research the market well before putting your house on the market, and beginning the selling process.