"I'd like to Sell My Kansas City Home, where do I start?"

Wow, many good answers, a few great answers....FIRST STEP IS TO FIND A FULL-TIME PROFESSIONAL REALTOR....Hey, professional sports team don't depend on part-time players to win championships, don't leave something as important as Buying or Selling a home to a part-time licensee who may not be a Realtor...Yes, there is a difference.

If you don't believe me, hire an amateur, then hire me to fix whatever they screw up.

A couple of thoughts....

Explore your reasons for selling. Everybody has a reason to sell. If you aren't truly motivated or committed to selling -- if it just struck you one morning that you should move to the other side of town and you haven't completely thought through the process -- you could be setting yourself up for disappointment.

Buying a New Home

Most people who sell do so to buy another home. Put together a list of neighborhoods where you may want to live and drive them. Go to open houses. While I won't do an open house for you, there is always some amateur who will convince someone an open house is a good idea.....Check out pricing between newer homes vs. older homes. Weigh your options. You might find you prefer to stay where you are.

Call Real Estate Agents

Interview real estate agents, talk to at least three neighborhood specialists. Ask each listing agent to give you a marketing plan that explains what they will do to market your home. In addition, ask the agents to prepare a comparative market analysis for you and ask each for advice about:

• Preparing Your Home for Sale
  
  Compare suggestions and consider accepting the most sound advice. Generally, you will want to move out bulky and excess furniture.
  
  
• Repairs Before Selling
  
  Not all resale repairs will pay off. You don't want to spend a lot of money making improvements but you do want to repair obvious maintenance issues, if any have been neglected.
  
  
• Home Staging
  
  You can hire a professional stager, ask your agent to help stage or stage it yourself. You will get more for your home if it is staged.
  
  
• Home Pricing
  
  Do not select an agent based on suggested sales price. Some will overbid each other to get the listing. But do not overprice. Homes that are overpriced often sell for less than market value.
  
  
• Net Profits from Selling
  
  I always prepare two net sheets for sellers, each with a low price and a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will let you buy the home you want, it's time to find financing.

Find a Lender in Kansas City

First, call your existing lender to find out exactly how much you need to pay off. You should order a beneficiary statement. Then check out new financing offers from your own lending institutions and credit unions. Ask for a Good Faith Estimate - GFE. Compare rates and fees. Also, ask for referrals to mortgage brokers from agents. Often, mortgage brokers have more flexibility to discount rates and are more competitive.

• Get a loan preapproval letter, so you know how much of a mortgage you will qualify to obtain. I recommend Dan from Citywide Mortgage. Dan can be reached at 785-979-3631 by phone or dan@MrKCMortgage.com by email.
  
  
• You don't need to apply for the maximum mortgage, and a lower mortgage payment might make you more comfortable in the long run.
  
  
• Compare mortgage loan types and choose wisely. A great loan officer will help you evaluate and choose the best loan program.

Sell Before Buying

The moment your home goes on the market, you might be tempted to bounce around online looking at homes on the web. Next thing you know, you'll want to make an appointment to view a few homes. Don't get carried away by virtual tours and beautiful photographs of your dream home. It is almost always more profitable to sell before buying.

If you need help choosing a price to sell your home or with marketing, maybe we should talk. My knowledge, marketing and experience can come in very handy

Let us know what you think or add to our blog by writing a comment.

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

Your Kansas City Real Estate Marketing Masters!

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