Home Selling FAQ: Common Questions for Homeowners
Selling a property comes with many questions. Whether you are curious about market timing or the inspection process, our expert team is here to provide the answers you need to make informed decisions.
Should I get a home inspection before listing?
As a seller, you have the option to order a pre-listing home inspection. While this can help you identify issues early, remember that you are legally obligated to repair or disclose any known defects. Since different buyers prioritize different repairs, we recommend discussing a disclosure strategy with your agent to determine what is worth fixing versus what to disclose.
Why is my home’s tax assessment different from the market value?
It is common for the assessed tax value and fair market value of a home to differ. Public tax assessors often calculate value based on limited criteria, such as square footage and general location, with the goal of generating tax revenue. A professional market analysis, however, considers recent comparable sales, home upgrades, and current buyer demand to find a more accurate selling price.
How long will it take to sell my home?
While there is no “crystal ball,” we look at the average days on market (DOM) in your specific neighborhood to predict a timeline. Selling speed is driven by supply and demand, market saturation, and your home’s unique features. A well-priced, strategically marketed home typically moves faster than the market average.
Should I sell my current home before buying a new one?
The transition from one home to another requires a solid financial “game plan.” We recommend speaking with a qualified lender before listing your property. They can help you weigh options like bridge loans or contingency offers, ensuring you have a clear path to your next move before you sign a listing agreement.
When is the best time of year to sell a home?
While the summer months historically see an influx of buyers, there is no single “perfect” time to sell. Every season offers unique benefits:
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Spring/Summer: Higher buyer volume and better curb appeal.
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Fall/Winter: Less competition from other sellers and highly motivated buyers. The best time to sell depends on your personal timeline and local market inventory.
What are common bank-required repairs?
If a buyer is using a loan (especially FHA or VA loans), the appraiser may flag certain “bank-required repairs” as a condition for lending. Common issues that can stall a closing include:
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Peeling paint on older homes.
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Exposed electrical wiring.
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Active plumbing leaks.
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Missing handrails on staircases.
What defines a “Seller’s Market”?
A seller’s market occurs when homebuyer demand exceeds the available inventory of homes. In this environment, sellers often have the upper hand in negotiations and may see multiple offers. However, real estate markets are localized and constantly shifting; even within a seller’s market, pricing your home correctly remains the key to a successful sale.