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What do I need to do when it is time to sell my home?

While previous posts here have emphasized that buying a home is usually the most significant financial move most people will make in their lives, a close second is probably the decision to sell your home. But, many people don't realize the effort they will need to put in to make the most of this all-important cashing-in opportunity, and they are left asking themselves, "Just what exactly do I need to do when it is time to sell my house?"

First and foremost, every real estate transaction will depend heavily on the conditions in the local market. If sales prices are depressed at the time you are considering a move to put your home on the market, it may be a good idea to instead wait a bit longer for conditions to improve, if possible. But, even if you don't really have a choice in the timing of your real estate sale, there are certain things that you can do to prepare.

Setting the right listing price is a huge part of putting your home on the market. The way to make sure the price you choose is right is to compare your home to others that are similar to yours and that are already listed for sale. This will ensure that you don't set your listing price at a number that is outrageously high compared to similar homes.

Another key step is to prepare your home for prospective buyers to view it. This means that you will not only probably need to take care of those fix-it-up projects that you have been waiting on, but you will also need to make sure that your home is relatively clean and orderly at all times, because sometimes you will get very short notice of a visit by a prospective buyer.

Once it comes time to put the legal matters together, it may be best to speak with an experienced Florida real estate attorney. With a little guidance, you can finalize your home sale with confidence and move on to the next step in your life.

Source: FindLaw, "How to Sell Your Home," accessed on Sept. 7, 2014

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