Representing Buyers and Sellers on Long Island for over 25 years

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Sellers Tips ...

PREPARING TO SELL YOUR HOME

  • PHYSICALLY INSPECT YOUR OWN HOME - You are about to have many people look at your house. Go through it as if you were them. What stands out as needing fixing, cleaning or re-painting? Why not attend to it now? Your home will show better and probably sell faster and for more money if it appears to have been properly maintained. A few hundred dollars and a little elbow grease may pay big dividends at your closing.

     

  • SELECT A REAL ESTATE BROKER -. The eternal question is "Do I need a real estate broker?".  The simple answer is usually YES. Of course it is possible to sell a house by yourself but a good broker knows the market in your area and can generally make sure you get top dollar for your house. Asking neighbors or friends won't always give you the right answer. Brokers have access to far more buyers than a homeowner can, even with an ad in the newspaper or on the internet. Brokers also screen the potential buyers who will come to your home. They know who they are, where they work and where they live. There is less of a chance the wrong people will be given access to your home.

     

  • LOCATE DOCUMENTS. Your existing deed, title insurance policy, survey, Certificates of Occupancy and/or Completion and other papers containing your property's legal description can be helpful in your transaction. Get them ready now. Someone will be asking you for them to your attorney as soon as possible.

     

  • CONSIDER POSSESSION OPTIONS - Possession of the house should be given to the Buyers at the time of closing if at all possible. The possession date is normally stated in the sale contract. You can usually get five days and sometimes longer to remain in your home following the closing. You'll pay the taxes and your buyers' daily interest on their mortgage (if any) and an escrow will be held to insure your timely departure with everything as agreed in the contract.  Even if the agreement allows you to stay in the house after closing, it is nearly always best to be out by the time you reach the closing table. This can reduce the risk of a dispute after closing.

     

  • MORTGAGE PAYOFF - Your mortgage(s) must, ordinarily, be paid off at the time of closing. Call your attorney's office with the name, address and telephone number of your mortgage lender, as well as your loan account number.

     

  • PERFORM FINAL INSPECTION - The Buyers will have a final inspection of the house before closing. The home should be in the same condition it was in on the date of the contract, with the exception of ordinary wear and tear, unless your contract provides that repairs were required. If you were to repair or replace anything, it should be done by the final inspection.

     

  • CONTACT UTILITIES - As soon as a closing date is set, you should notify the telephone company about the change in your service, and notify all utilities of the closing date. These include electricity, gas, water and sewer, cable TV, fuel oil and trash disposal. Get a reading taken of your fuel a day or so before the closing. You will probably be reimbursed for what remains in the tan and you'll need proof to get paid.
     

  • CANCEL INSURANCE - It will be necessary to keep your homeowners' insurance in effect until the sale is closed and you actually give possession to the Buyers. Be sure to notify all your insurance carriers of your new address (they may owe you a refund of the unused portion of your insurance premium).
     

  • PACK - You'd be surprised how long it takes to get everything ready for your move. Start now with the things you won't be needing until you get to the new house. Label everything carefully. Fourteen boxes labeled "Miscellaneous" won't be a big help when you're wondering which box contains all the extra toilet paper. The more organized your packing is the easier it will be to settle into your new home. 

     

    Keith, Shapiro & Ford
    666 Old Country Road. Garden City, NY
    (516) 222-0200



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