Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
Selling your home requires getting as many buyers through the door as possible, and you want to make sure you’re doing everything you can to get their attention.
Fortunately, that doesn’t mean you need to drop your asking price right away. Instead, consider these home selling tips:
Selling a House Tip #1: Make your house look good enough to be on TV.
Today’s home buyers have watched tons of real estate programming on HGTV, Bravo, and other satellite networks that shows how to transform ugly homes into polished gems.
These shows are wildly popular, which means that home buyers (perhaps unrealistically) expect your house to be sparkling clean and professionally decorated and staged.
In other words, your house should look as clean and polished as a model home in a new home subdivision, and look good enough to be on TV.
Not sure how to do that? Check out some of my staging videos. And remember the Glink home-staging mantra: Pack away, throw away, or give away anything you haven’t seen or used in the past two years.
Selling a House Tip #2: Get your house online.
If you’re using a listing agent, ask him or her where on the Web your listing will appear. The answer you’re looking for is “Everywhere.” Your house should appear on the local multiple listing service (MLS) as well as the broker’s own site and Realtor.com. You also want to be sure your property is available at Trulia, Zillow, and as many other websites that feature homes for sale as possible.
You should also consider putting up your own website to promote the listing. Use the street address for the property as the site URL. For example, 123MainStreetAnytownState.com. While the URL will be long, it will attract buyers who are searching for homes in a particular location. Make sure the site includes plenty of photos of your property, including exterior and interior shots and any neighborhood shots that would help a potential buyer understand why you enjoy living there.
If you set up the website on a blogging platform, such as WordPress or Blogger, you’ll be able to add details in the form of blog posts about the property, why you bought it, and what you like about. These posts will also help attract visitors to your site.
Finally, consider setting up a YouTube account. Again, use the street address of the property as your YouTube account name to maximize search results. Then shoot video of the property, the special features of the neighborhood, and you talking about why you love living there.
While it will take you some time to create the appropriate online presence for your house, it will allow you to promote the property on a much wider level. And the more people who know you have a house for sale, the more likely it is that you’ll get a good offer.
Selling a House Tip #3: Know the competition.
Are other houses for sale in your neighborhood? Are any of them selling? You should spend your weekends touring neighborhood open houses so you can stay on top of your competition.
To sell your house, you’ll have to ensure it looks better and is priced more competitively than other houses in the neighborhood. If you don’t get out there and see what properties come on the market and at what price point, you won’t know if you’re priced right for the market.
Start a file of all the listing sheets for properties that are for sale in your market. If a house in your neighborhood sells, be sure to find out how much it sold for and note that in your folder. Over time, you’ll be able to pinpoint what is happening with the local real estate market.
Selling a House Tip #4: Price it right.
If you want to sell, you’ll have to understand exactly what kind of offers sellers are taking.
Although your house might look better than other homes for sale in your neighborhood, appraisers are working under new rules that require them to look only at homes that have sold in the past 90 days. And even if a house was a disaster of a foreclosure and sold for pennies on the dollar, appraisers are required to consider those comps as equal to other home sales.
Because appraisers, and mortgage lenders, are being extremely cautious, you won’t be able to sell your home if it doesn’t appraise out in value. That means even if you find a buyer who agrees to pay you $100,000 for your home, if its appraised value is only $75,000 (thanks to a bunch of bottom-of-the-barrel foreclosure sales), you won’t be able to sell for a price higher than $75,000.
You’re far better off pricing your home realistically from the get-go. While you may not make a killing, hopefully you won’t wind up having to ask your lender for a short sale.
Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com and at the Home Equity blog for CBS MoneyWatch.
The Best Way To Value Investment Property
How to Find a Great Real Estate Agent
Will the Real Estate Summer Slowdown Mean Lower Prices?
No More Home Buyer Tax Credits: Is Now a Good Time to Buy a House?
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.