Your Las Vegas home may likely be your largest, most valuable asset. You decision to sell it is a big step. These tips will help you know what you must do to prepare for the sale. As you begin the home-selling process seek for ways to protect yourself, save money, reduce stress, and stay in control of your situation.
- Understand Why You Are Selling Your Las Vegas Home
Determine what is motivating your home sale because it will affect the marketing plan and schedule as well as decisions down the line in the negotiation. A quick sale will usually not net quite as much money while a high yielding sale will provide higher profit but take more time.
- Don't Reveal Your Hand
Don't show all your cards when you are negotiating. If you reveal your motives you may lose at some step of the deal making process. Remain objective and show only the cards you need.
- Do Your Research Before You Establish a Price
It is key that your Las Vegas agent do the correct analysis on your property to establish the right price. Your listing price is likely the highest someone will pay you for your home. You have adjusted for costs and understand what you net amount will be. If you have done the homework correctly you will know what you can negotiate based on true market value.
- Visit Homes for Sale
Ask your Las Vegas agent to take you to some of the comparable homes in the area. Get a good feel for what is selling and for what price.
- Consider an Appraisal
If you are confident you can get a good appraisal from someone before the sale you may consider it. It will cost you money and it may not be reusable for the buyer's loan but you will have a good idea of what your house will appraise for and you can adjust your price accordingly.
- Using Tax Assessments
A number of factors go into determining your Las Vegas property taxes. The assessed value is not necessarily a representation of current market value.
- Choosing a Las Vegas Agent
Not all Las Vegas agents are the same. Good ones often come highly referred and have considerable experience in the field. Interview them and ensure their marketing plan is tailored to getting you the highest possible price in the quickest amount of time.
- Leave Room to Negotiate
Your asking price should have a little wiggle room. While you need to get the best price you need to stay competitive and when the negotiations are on the table you won't want to give up a great opportunity because you are too firm on the price. Set the initial price such that you know you can move a bit if needed.
- Invite Opinions
Your point of view is important. When selling your Las Vegas home the point of view of the buyer is the key. Request the opinion of others. Have them view your home and provide feedback on selling features or items that deter potential buyers.