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5 Steps to Take Before Selling Your Home

Posted on in DuPage County Real Estate Attorney

IL real estate lawyerMost experts agree that it is a seller's market. Homes are in great demand, supply is low, and house prices are skyrocketing. If you are like many people, you may be interested in selling your home. However, selling your home is a major undertaking and it can be easy to make mistakes or overlook responsibilities. As you prepare to sell, consider the following suggestions.

Choose an Experienced Real Estate Agent

It is possible to sell your home without a realtor. However, there are many serious risks associated with "for sale by owner" transactions. Usually, these risks outweigh any potential cost savings associated with an FSBO sale. Real estate agents have access to large networks of potential buyers and ample experience with the home selling and buying process. Your agent can help you identify unqualified buyers and negotiate the best price possible.

Retain a Skilled Real Estate Lawyer

In addition to your agent, you should also consider retaining a knowledgeable real estate lawyer. Selling your home is most likely one of the largest and most consequential financial transactions you will ever make. A real estate lawyer will help you ensure all agreements and contracts are executed properly and do not contain errors or omissions. Your attorney can conduct due diligence and attend the real estate closing with you. If unexpected disputes or legal problems arise, your attorney will be there to handle it.

Understand Your Disclosure Responsibilities

Seller disclosure is one of the most significant aspects of selling a home. If you sell your home, you have a legal duty to disclose any facts that materially affect the home's value or desirability. Failure to disclose any flaws, hazards, or defects in the home can lead to lawsuits.

Declutter Your Home in Preparation for Showings

Showings are used to draw in potential buyers. Decluttering is a great way to make your home look bigger and more attractive in preparation for a showing. Most people have items packed away in drawers, closets, and garages that they no longer need. If you have lived in your home for many years, you probably have items you are not even aware of lurking in corners of the home. Take some time to go through your home and sell unwanted items or give them to charity.

Clean up and Apply a Fresh Coat of Paint

Curb appeal is vital. Something as simple as cleaning up and applying a fresh coat of paint to the walls can go a long way. Consider planting flowers or having a professional landscaper fix up the outside of your home as well.

Contact a Wheaton Real Estate Lawyer

AT Stock, Carlson & Asso. LLC, we know that selling your home can be complex financially, legally, and personally. Our skilled DuPage County divorce attorneys each have more than 40 years of litigation experience. We can protect your rights and advocate on your behalf throughout the home selling process. Call 630-665-2500 for a free consultation.

Source:

https://realestate.usnews.com/real-estate/articles/do-you-need-a-real-estate-attorney

 

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