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If you've decided to sell your home, chances are you're
caught up in a host of emotions. You may be looking forward to moving up to a
new dream house or facing the uncertainty of a major move across country. You
may be reluctant to leave your memories behind or eager to start new adventures.
Whatever turbulent feelings you're experiencing right now, there are plenty of
practical matters that need your attention. Keep in mind the following
considerations to help the whole process go more smoothly.
It's a good idea to place your Key West home on the
market as far in advance as possible of purchasing a new one. If you find a new
Key West home first and then try to sell your present home, you may wind up with
two mortgages. If this does happen, ask your Key West real estate experienced
Key West real estate agent or banker about a bridge loan to help you make the
double payments. Lenders use the same criteria for offering bridge loans as they
use for mortgages. Should you choose to accept a bridge loan, beware of the
expense; during the term of the loan you must continue to pay both mortgages.
Shop around for the best terms.
Keep in mind that when people move, sell and buy, there
usually is a domino effect. Closing and moving dates have to be coordinated, and
the more firmly everyone commits to a window of dates and sticks to them, the
better for all involved. Put all agreements about dates in writing, and protect
yourself by negotiating financial penalties for failure to comply.
A Key West home that's visually appealing and in good
condition will attract potential buyers driving down the street. Use this
checklist to view your Key West home through an outsider's eyes.
Are the lawn and shrubs well maintained?
Are there cracks in the foundation or walkways?
Does the driveway need resurfacing?
Are the gutters, chimney and walls in good condition?
Do the window casings, shutters, siding or doors need
painting?
Are garbage and debris stored out of sight?
Strong curb appeal will lure potential buyers inside,
where you have to live up to their expectations. Fortunately, there are plenty
of easy improvements you can make to your home's interior without spending a lot
of money. Cleaning is No. 1. Your windows, floors and bathroom tiles should
sparkle. Make sure you have clean heating and air conditioning filters. Shampoo
dirty carpets, repair dripping faucets and oil squeaky doors. It may not seem
fair, but a peek in the oven may be the hallmark by which a buyer judges how
well you have kept up your home.
Remove unnecessary clutter from the garage, basement,
attic and closets. If your Key West home is crowded with too much furniture,
consider putting some things into storage. If a room needs a fresh coat of
paint, use a neutral off-white. Think, too, about how your Key West home smells.
You may be used to the smell of a pet or cigarettes, but such odors can be a
strong turn-off to others. Finally, set a mood for the buyer. Make your house
homey with live flowers and fresh guest towels in the bathroom. Place scented
potpourri around the house or, on the day you're expecting a potential buyer,
pop a batch of frozen cinnamon rolls into the oven for a welcoming aroma.
Remember, cosmetic changes do not have to be expensive.
In fact, costly Key West home improvements do not necessarily offer a good
return on your investment when you sell. It's attention to the basics --
anything that says ´´this Key West home has been carefully maintained -- that
will help you get the price you want.
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