Tuesday, October 6, 2009

You think you want to sell?

So you think maybe it's time to put the old place up for sale? Let's do the reasoning of that.
First of all, none of your family members want it? I would suggest, if you don't know the answer to that, you may want to start asking the kids, your brother, your sister or that cousin that shows up every August. The very last thing you want to do is start a feud over money! But before you start asking around, do you have any idea of the value of your vacation property?
I, of course, have tons of suggestions about selling your cottage. If you're fairly cognisant of the local real estate market, then you know how much she's worth. If you don't have a clue, there's many vehicles at your fingertips for determining just that.
-One. Call a home inspector who specializes in your neighborhood. Don't be afraid to ask for references with these people. You have a right to check up on them!
-Two. You could call a couple of local Realtors. (Make sure they are local so they know the area market.) Those appraisals are for free, but they want to please you so they can get the listing, so beware of the high, too good to be true price.
-Three. There will be an assessed value on your property from your tax office.
This value is only a guideline, because in my opinion, they really aren't an accurate idea of what you could sell your cottage for.
-Four. Come on! Do your own homework! Buy the local real estate papers and shop the office window posters for properties like yours. When you're talking to these folks, you don't want to come across as a dummy who knows nothin' about nothin', do you?

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I can only be better from your comments...thanks!