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Ten Steps You Must Take Before You Sell Your
Home
Essential Home Selling Preparations
The home selling process
differs from state to state, but there are
some important steps that you should take
before you put your house on the market--all
steps that protect your interests and help
you get the most return from your investment. |
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Get Pre-Approved for a Home Loan |
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I've known
sellers who signed a contract to sell their
house before they knew if they were
qualified to buy another. Either their
financial circumstances had changed since
their last purchase, and they could no
longer qualify for a loan, or they weren't
able to sell at a price that allowed them to
buy the type of replacement house they
wanted. They ended up renting or buying
something that was far from ideal.
Before you
decide to sell the house, get pre-approved
by a lender you trust and research the
housing market in the area where you wish to
live so that you have a good idea how much
it will take to buy a replacement. |
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Check Your Mortgage Payoff |
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Call your
lender to check the payoff for your current
home mortgage. You'll need the figure to
complete Step 6. |
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Determine How Much the House Is Worth |
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Determine
your home's fair market value. Real estate
agents will usually help you determine value
as a courtesy, but you might take it a step
further and
order an appraisal. |
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