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Selling your home can be exciting, but it also takes work. You’ll need to fix all those little problems you’ve let go for so many years. You need to decide if you’re going to try to sell your own home or use a professional real estate broker. And you’ll need to be patient! Selling your home can take some time, depending on your local real estate market.
Orient yourself to the steps ahead, from researching neighborhoods to closing the deal. If you've decided to buy a house, you may be wondering where to begin -- find a real estate agent? Go to open houses? You'll have to juggle a number of tasks simultaneously, ranging from the fun to the tedious. The preview below will alert you what's ahead, and link you to other key information.
If you're already committed to a certain geographical area, and know you can afford it, jump down to the next step. However, if you're moving to a different state, or you have an inkling that your ideal neighborhood might be out of your financial reach, see How to Research New Communities or Neighborhoods.
Even before you're ready to choose a house, visiting open houses is a great way to get to know your local market. Visit a wide range of houses, paying attention to the numbers of bedrooms and bathrooms, special features, and overall charm. If the seller has made pest or other inspection reports available, read them carefully, paying particular attention to the estimated cost of repairs. Ask the agent how many offers are expected on the house (multiple bidders can drive up the list price, and vice versa).
When you're ready to get serious about choosing and making an offer on a house, see Beginning Your Home Search.
Most people prefer to work with a real estate agent or a lawyer at some point in the process. (In fact, in a handful of U.S. states, a lawyer must be hired to help finalize the sale.) A mortgage broker can also be of great help in finding the right home loan.
Experienced, responsible professionals can save you time, money, and aggravation. By the same token, incompetent or unethical ones can mess matters up badly. Take the time to get referrals from friends, and meet with a few prospects before you hire anyone.
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