So you’ve decided to sell your house in Riverside County California. There are many factors to consider when entering into such a transaction. First, in tumultuous times like these, you must first determine what type of sale you will need.
Are you selling a Riverside County property with equity?
In another words, do you owe less than what the property is worth? If so you will be conducting a standard Riverside County real estate sale. This type of sale obviously is the best scenario because you should come out of the deal with a margin between the sales price and any money owed on the Riverside County CA home, minus the cost of sale.
Do you owe more on your Riverside County House than it’s worth?
Like many Americans, the real estate market has put severe strains on the dream of home ownership. If you owe more on your Riverside County California home than it’s worth, you may be able to conduct a short sale. A short sale can relieve you of your mortgage burden without destroying your credit and your financial future. Many distressed Riverside County homeowners are short selling their properties.
Find a Riverside County CA real estate agent you’re comfortable with.
This is a two-sided process. You must find a REALTOR whom you feel comfortable executing this important transaction, but you must also find a competent Riverside County agent. Just like any profession, some agents are good, and some are bad. A good agent can make your home sale less difficult and complete it successfully. A bad and incompetent agent can really cause you and the sale a lot of grief, and the sale may not be successful.
Prepare the Riverside County home for the sale process.
Unfortunately, many Riverside County home sellers miss this simple step. A home will sell better if it is cleaned up and as free as possible of any damage. Would you sell your car without washing it first? Of course not. So when you’re selling your Riverside County house, make sure the landscaping is maintained, any repairable damage is completed, and above all, clean. Dispose of any junk or other trash in the property, or on the premises. Another easy thing to do is to de-clutter the house. An open and brightly-lit home will be more appealing and have a better chance of selling.
You’ve received an offer, but now what?
Negotiations are one of the most intense processes of a Riverside County home sale. You want to ask for what you feel the property is worth, but you also don’t want to scare away your buyer. Know your goal. If you don’t know what your bottom line is, it will be much harder to achieve a good sale. There are many factors to consider other than just the sale price. What other personal property will be included in the sale? Who will pay for closing costs? How will escrow and other fess be split? What will the time-line of the escrow be? And referring back to choosing the right agent, make sure your real estate agent can handle negotiations effectively.
After an agreement has been made, the sale will go to escrow. Inspections, contingencies and other processes of the sale will be executed before escrow can close, and all monies will be dispersed.
Of course this article is a simplified breakdown of the Riverside County California Home sale process, but hopefully it can point you in the right direction to get started. If you need help figuring out the rest, call us anytime. We’re always here to answer your questions and provide any help you need. Call us now at (888) 9-List-It. That number is (888) 954-7848.