There are a lot of factors that go into the decision to sell your home. A job transfer, a new baby or a divorce can all push you to make the move. Once you’re sold on the idea, you’ll need to figure out how to best unload your home. Depending on your situation, you may want to invest in the home to improve its value or sell it as is.
Choosing an asking price is one of the biggest decisions you’ll have to make. If your asking price is too high, you could miss out on potential buyers or have to lower it later on in the process. It’s important to get a professional opinion to help you determine your home’s market value and arrive at the best listing price.
You have to disclose any known defects when selling your house. Failing to do so can result in lawsuits and other consequences for you as the seller. If you want to sell your home on an “as-is” basis, you can choose to do so with full disclosure or by filing a disclaimer about the property’s condition.
A title agent will need to conduct a thorough search of the property’s title before the sale goes through. This will ensure that the buyer has a clear and marketable title. Additionally, the title agent will need to obtain owner’s and lender’s title insurance policies. This protects the buyer in the event that liens aren’t cleared from the property before the sale goes through.
Closing costs include county transfer and recordation taxes. These fees are typically split 50/50 between the buyer and seller. The amount will vary depending on where the home is located. For example, Baltimore City and County charge 1.5 percent of the purchase price, while Montgomery County charges 1 percent.
Oftentimes, home sellers will offer a home warranty for their buyers. This can be a great way to attract buyers and remain competitive during hot real estate markets. In Maryland, home warranties are generally included in the standard real estate contract and provide a 15-day inspection period for buyers.
If you’re planning on Swift Selling of Maryland Property, it’s wise to consult an experienced real estate attorney. A lawyer can help you navigate the process of preparing your paperwork and ensuring that all legal requirements are met before closing on your property.
They can also assist you with determining what repairs and improvements are necessary to make your home more appealing to buyers and helping you select the right marketing strategy. In addition, they can provide you with valuable information about the laws in your area that govern the sale of Maryland property. For instance, some states require that you use a particular format for disclosures while others only have specific forms to complete. You’ll also want to know the prevailing home buying trends in your area to determine how to target your marketing. This will help you sell your property more quickly and efficiently.