Get Rich by Improving Selling Your Old House and Saving Huge for the New One

You have bought a decade old house and then renovated it to start living there. The amount of money you have invested needs to be gained while selling the place again. In order to save money for relocating or renovating the new, it is important to devise a strategy that will help you earn huge profit.

Choose the Right Season

Home sales are highly dependent on the season as the marketplace undergoes certain transition during a certain period. In many places, spring is the ideal time for investing in the real estate market because the buyers show interest in moving to a new house in summer. During summer, the weather stays warm and you do not have to prepare the children for their school.

However, many people like to shop in winter or fall as the sale season is not popular and rather, slow. The whole change varies from market to market based on people’s convenience of purchasing their abode. For an example, the whole process of sale my house fast Washington DC is predictable to gain huge profits during November.

October is considered to be the worst month for selling a house in Washington DC and you can lose 42.30% from the closing deal. On the contrary, November can fetch you 3.18% more profit than the average rate seen per year.

Pay Attention to Sales Cost

Selling house may be as expensive as purchasing one. 6% of the sales may be consumed by the broker and 1% of charge is levied for transfer or settlement services tax. In total you have to lose 10% of the sales to various accounts and the remaining 3% of the sales could be distributed in,

• Concession or inspection charges

• Insurance, utilities and holding expenditure

• Repair charges to fix the defects or for home improvement

• Staging cost for enhancing the appeal of the place

Home Improvement is Needed

For increasing the home value, you should focus on bringing specific changes after running the home inspection. Besides opting for regular inspection, you can ask for performing an inspection on well water, pest control, chimney function and septic tank condition. A complete renovation will enhance the value and you will gain more profit only by spending too little.

Changing the decor and adding contemporary elegance can always add extra brownie points. Apart from painting the house and rearranging the furniture, adding a new personal spa or swimming pool will attract the buyers more. Replacing the roof is also a good idea.

Think about Offering Home Warranty

At the time of selling the house, you should decide whether you wish to provide a home warranty. When we buy houses in Washington DC, we generally find it more legitimate to invest in the one with a home warranty. Home warranties are the additional perks offered to a potential buyer.

Also, the Realtors use it as a marketing tool for selling the home fast. When you are taking help of a Realtor, you can ask whether the home warranty is worth it or not.

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Created on Sep 11th 2018 00:40. Viewed 408 times.

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