Home selling tip: Your house has to qualify

Pricing your home right from the start can result in a quicker sale. When you sell your home you not only need a qualified buyer, but your house also has to qualify.

The majority of home buyers obtain financing to make a purchase. A home appraisal is a key step in the financing process. This means that if the selling price is $280,000, but your home is appraised at $250,000, buyers can either walk from the sale or request a price adjustment in order for the transaction to close.

So, keeping this in mind, it’s best to position the price correctly from the start. Learning how other local area properties are selling is a key part of the selling strategy. To be competitive in your area, learn what other properties are qualifying for.

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