(cont.) Factors in pricing your home.
CONDITION OF HOME:
Home features that add value are 3 car garages rather than a standard 2 car garage, white oak trim over regular color wood trim, oak flooring, more bathrooms, well insulated and well designed room additions, fire places and the like. Sometimes these housing upgrades can make your home appear much richer and fetch a much better selling price or help your home to sell much more quickly.
Finding the right buyer.
If someone makes an offer for your home, ask them if they've been approved for the loan amount they'll need to buy your home. If they haven't done that, tell them to get approved first and then talk with them. It's a big mistake to commit to someone who's not approved. Otherwise, you may turn away a qualified buyer only to find your interested party unable to purchase your home.
Be sure the potential home buyer is actually approved. Some people have the lender run some numbers for them without going through with the actual financial form submissions and approval process. Ensure that their lender has pre-approved and is committed to lending the buyer the amount needed. Ask to see the papers to show their approval.