How to buy or sell house in Nigeria, Lagos or Abuja: Market 9ja

Date: 27.09.2019

How to sell a house

If you're like most homeowners, your home is your biggest financial asset. It also has a great sentimentality. They probably have countless memories there and spent time, money and effort making it a special place.

Selling your home is a big deal, so it's okay to handle it with care. Sell on market Nigeria. Remember, if selling is right for you and your family, it's worth it!

When you're ready to take a step, you want to do it in an intelligent way. In this article you will learn how to sell your home quickly and for the most money.

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Are you ready to sell your house?

Selling a home is a big decision and it is important that you are ready. Before we start with the steps to sell your home, you can find out in our simple quiz if you are really ready to take the plunge. Whether you are a few months or several years away from placing a sales sign in your front yard, it is important to know what to expect. The sale of your home and the move are a big step in the right direction, but it does not have to be a stressful experience. Learn how to sell a house properly with these seven steps!

1. Find an excellent real estate agent.

Realtors are a dozen. That's why you do not need any agent. You need the right agent. Find someone who can give you great service, negotiate the best deal and sell your home quickly! As tempting as it is to have a relative, a friend from the church, or your cousin's mate, always stay with a seasoned expert who has the experience and can sell your home for the most money in no time!

Can I sell my house myself?

Look, everyone loves to save money, and selling solo can be a great way to do that. But is For Sale by Owner (FSBO) really all that matters? Above all, if you really want to sell your house, you have to have it in front of the buyers - and many of them. Here comes an agent used.

An experienced real estate agent gives your home a much-needed online presence through the Multiple Listing Service (MLS), making it accessible to thousands of potential buyers. In addition, a broker develops a targeted strategy to market your home to its extensive network of buyers and brokers.

Can you save a lot of money with FSBO? Not really. Even if you sell your house yourself, you have to pay a commission to the buyer's representative. You only save the commission on one side of the transaction.

A great agent will more than make up for those costs. Consider the following: The latest data from the National Association of Realtors shows that the average sales of a broker last year was Naira 249,000. In contrast, the average FSBO home cost Naira 2 190,000. (1) That's almost Naira 600,000 difference! Sell on market Nigeria.

Trust us; Working with a great real estate agent helps you get the most money out of your home.

Free Classifieds on market Nigeria, whether you sell or buy house, are you ready ?

2nd price of your house for sale.

Remember: your home is only worth what buyers are willing to pay for. Therefore, you must objectively think about the value of your home. If you have lived at home long enough to awaken memories, these sentimental attachments can affect your judgment. So, keep to the facts as much as you can to estimate how much your house could sell.

The best way to determine the value of your home is to ask a real estate agent to conduct a comparative market analysis (CMA). This free report compares your home with other nearby homes that are comparable in size, have similar features, are currently on the market, or have been sold in recent months. By comparing, your broker can more accurately predict what buyers will pay for your house.

Your CMA has several pages of information, including photos and a map of all the properties included in the analysis. A true professional will take time to guide you through the results so that you understand exactly how your home holds against the competition. With this information, you can work with your agent to set a competitive price based on facts, not emotions.

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3. Set a home sales time bar.

Make the most of the weeks and months before your home sale. If you have an idea when to list your house, divide your to-do list into handy, bite-sized parts. Here is a guide to getting started. Of course, you can customize according to your own needs and personal schedule.

as quickly as possible

Interview with Real Estate Agents: Take the time to find a professional with a proven track record and confidence. Sell on market Nigeria.

Outline a Plan: Work with your agent to prioritize so you can concentrate on completing a task at a time.

Declutter: Decide what you can do without until your house is sold. Then grab it and get it out!

2-3 months

Hire a Home Inspector: If you spot problems early in the Home Sellling process, you can put the cost of front-end repairs into your budget so they do not ruin your business later.

Attacking repairs: Ask your agent where your Fix It dollars are best at.

1-2 months

Clear the stage: Create a welcoming space where shoppers can see your home as their home.

1 week

Deep Clean: Scrub all surfaces until they shine. Hire a professional to make carpets look and smell fresh again.

Add the finishing touches to your home: Make a perfect picture so your photographer can record it in the best possible condition. The key to keeping stress in check in the weeks and months before you start marketing your home is to make a plan - and then follow that plan. Working with a professional can help you relax and understand the sales process, so you have realistic expectations.

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4. Consider conducting a house inspection before listing. Most home buyers know that a home inspection is worthwhile. But have you realized that it is also worthwhile for home sellers? This is true!

A presale check may cost a few hundred dollars, but is well spent. Why? Because it keeps buyers from demanding a lot of money during negotiations.

What does a house inspection include?

According to the American Society of Home Inspectors (ASHI), a home inspection includes:

Electric, sanitary, heating and cooling systems

Windows, ceilings, walls, doors and floors

Attic, visible insulation and roof

Foundations, building elements and cellars (2)

A qualified house inspector combs the accessible areas of a property to assess the condition of the home and to identify health and safety issues. Upon completion of the inspection, you will receive a detailed report describing what works and what does not. You will also receive recommendations for maintenance and repair.

Do not worry about every single finding in your home inspection, but pay attention to problems with large tickets. These can scare buyers into asking for more money than they actually need to repair them. Your representative can help you to sort the inspection results. As a rule, however, roof, electrical, sanitary and HVAC systems have priority. If you have room in your budget, check it out before listing your home.

5. Stage your house and prepare it for potential buyers. Once your home is in good condition, it's time to set the stage and demonstrate the best qualities. This starts with a thorough cleaning. Here are some ways you can make your home look good.

Scrub each surface until it sparkles. We can not stress that enough! You need to polish your home and keep it clean during the show.

Apply a fresh coat of paint. It may take some time, but it is well laid out. In addition, color is relatively cheap, considering how important it is for a home to look fresh and inviting.

Clean carpets and carpets professionally.

Minimize clutter to maximize space.

Once you have a clean home, you can start to stage. Keep your decor colors neutral and try to depersonalize as much as possible. Take most of your family photos so shoppers can imagine their families enjoying your home. Cabinets are always important for home buyers. Therefore, store clothes and other items out of season to give the impression of spaciousness.

Do not forget to also perform outdoors. Clean your porch and place beautiful planters near your entrance. If you have a deck, wash it with pressure and add a few colorful plants to give the room extra pop.

Make sure your home is ready for photos. Professional shots that bring out the features of your home are an integral part of your online offering. Your agent should assist you in coordinating the photo shoot so that you have less pressure. Here are a few extra staging tips to prepare your home for the glamorous shot:

Stay organized. Again, a decent home is not negotiable. Channel your inner Mr. Clean or Snow White and whistle when you need to work. Just clean up the place.

Collect the toys and pet stuff. Babies and puppies sell cereal but no private homes. Keep the children's mess and pet supplies well.

Add additional details. A few decorative pillows or a few green plants bring life to every room.

Delete the counters. Throw your juicer and blender in the kitchen cupboard. The same applies to your bathroom. Put these personal items in a drawer so as not to see them.

Add more lighting. Bright rooms make your home look bigger. Open the curtains, pull up the blinds and let the sun in! But before you do that, take time to wash your windows. In rooms with little natural light, a well placed lamp can make a big difference!

Protects the carpets. Carpets generally do not shoot well and can make your space smaller. Your agent can help you decide which carpets to stay and which ones to go.

Put a lid on it. Your toilet, that is. Friends do not let friends open the lid during a nice photo shoot. Remember, the staging should highlight the benefits of your home without overpowering potential buyers. In doubt, less is more. The right real estate agent can help you to see the difference between good and bright production.

6. List your home and survive the demonstrations. House shows are hard to juggle, regardless of whether your home is empty or full of kids. If you still live in the house you want to sell, these handy tips can help you stay healthy and sell your home.

Tip 1: Create a daily task list. Surprise shows always seem to happen when your home is a complete wreck. Reduce the last-minute panic by putting things away once you're done, and creating a checklist of simple tasks that you can do before you leave each morning. In this way, you are always ready for guests.

Tip 2: Find a place for your pets during the demonstrations. The best friend of man can be the worst enemy of your house. Showing pets at home can be messy, and a happy dog ​​is just annoying. Bring the fur babies for a spin or send them to Granny's house so shoppers can focus on the best features of their home.

Tip 3: Try to be flexible.

It can be difficult to disconnect from the place where you called home. However, if you want to complete a deal, you must give the buyers time and space to fall in love with your home. Plan your shows flexibly and do not let the buyers pass you or your feelings when you visit.

Tip 4: Pack the toy.

Cutting down the plastic pile is a difficult task, but it certainly makes tidying up a breeze. Ask your children to pick some favorite toys they want to keep in their rooms and keep the rest in containers. Explain to them that they will see their toys again. If you get bored with your selection, you can change toys at any time.

Tip 5: Ask the children for help.

Do you want to relieve your load? Give Junior a job! It's a great way to teach the value of hard work. Have some fun and increase your motivation by doing timed exercise exercises. Do not forget to acknowledge a well done job. If you can not save extra money, the quality time spent with you also works!

Do the best you can, but remember that you are only human. There are going to be days when you just can not put everything away and get it out of the door punctually. When you receive a call for an appearance, tell your agent that you have run back to prepare the buyer in a timely manner. Do not miss the opportunity to see your home!

7. Negotiate the contract and close it.

The negotiations between you (the seller) and the buyer begin with the original offer of the buyer. Keep in mind that the contract phase works differently in each state, and your agent should explain these details with the terms you understand. Never sign a sales contract unless you know what is in the offer and what is not - and how it affects you.

Pay close attention to these details:

purchase price

Closing date or fiduciary date

Special allowances for personal property, home improvement and closing costs

Contingent liabilities for home inspection, appraisal and buyer financing

Additional contingent liabilities such as the sale of the current home of the buyer: Once you and the buyer have made a final purchase agreement, you are not quite right. From the contract to the end, much remains to be done. Here are some quick tips to help you master this phase of the game:

Do not wait until the last minute to pack.

Communicate with your buyer.

Keep your household insurance up to date until you have signed the dotted line.

Make a list of what you need to bring along on the day of rest.

Stay flexible, because delays can and will happen.

How long does it take to sell your house?

There is no universal answer to how long it will take for your home to be sold. The average time in the market for 2018 is currently about 60 days - from listing the home to closing. (3) Remember that this number is only an average. How long it actually takes to sell your home depends on the real estate trends in your area and the details of your home.

Here are some of the factors that can affect your home sales schedule:

The hot (or not) nature of your real estate market. If you live in a hot market area, you can usually expect your home to sell faster than in markets where buyer demand is low.

The season. If you want to maximize your retail price and reduce the time your home is on the market, listing your home in late spring is your best bet. However, this does not apply to every home or market. And finally, the best time to sell your home is the right time for you.

Location, location, location of your home. Details such as the school zone of your home, the neighborhood of the house and the proximity of your home to restaurants and shopping can also affect the sale period.

The price of your home. Larger and more expensive homes may take longer to sell as the buyer's pool is smaller. (4)

The time it takes to make your home ready for sale. If you want to make some updates or repairs to your house before listing, the sale date is extended.

The final process. If your buyers receive a mortgage, the deadline depends on their funding. Your degree may also be delayed due to problems with home inspection or appraisal. Remember, these are just a few of the factors that can affect how long it takes to sell your home. You can talk to your real estate agent about what a realistic schedule will look like for your specific home.

How much does the sale of your house cost?

Although you earn money selling your home, there are some costs involved. How much you need to pay depends on the retail price of your home, the repairs you need to make, and how much you need to prepare your home for listing.

Here are some of the costs you need to prepare for:

Real Estate Commission. As a seller, you are responsible for paying the real estate commission that is shared between the buyer and your broker. As a rule, this commission is 6% of the selling price of the house.

Stage your home. As you prepare to list your home, you may spend some money on staging your home or investing in a new facility to give your room a fresh look.

Repairs or maintenance. You can choose to make some repairs, eg. For example, repair a leaky faucet or paint those worn baseboards before listing your home. If the buyer carries out a house inspection, he may ask you to do some repairs before closing them.

Fees negotiated in the contract. As part of your purchase and sale agreement, the buyer may ask you to pay part of the closing costs, property insurance or other fees.

Sell ​​your house faster with a professional agent: The best way to make a great experience selling your home is to work with a professional broker. The right agent should guide you step by step without taking over the driver's seat. They should inform you, but not overwhelm you.

Our recommended Real Estate agents are just what you need to make your home sales hassle free. Professional real estate agents who have recommended Dave for their track record and excellent customer service.

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