What is My Lehigh Valley Home Worth?
The price for your Lehigh Valley Home is based on what comparable properties have sold for in the vicinity of the home within the past few months.
Unfortunately, the price on your home is not based on what you paid for it or what you owe on it.
A home buyer looks at the competition and decides they like your home. Then it is typical that they look at the sold properties to see if your home is worth what you are asking for it.
A real estate agent can do a CMA (comparable market analysis) on your home to help you, the home seller, determine a correct price to ask for the property. There is no cost for a CMA. Call me.
In the end, a home is only worth what a ready, willing, and able buyer is willing to pay for it.
How Much Will It Cost To Sell My Home?
The costs associated to sell a Lehigh Valley Home are typically the real estate commission plus PA has a 1% transfer tax.
Pennsylvania actually has a 2% transfer tax on a home sale. 1% is paid by the home seller and 1% is paid by the home buyer.
In addition, there are some miscellaneous fees which add up to a couple of hundred dollars (deed prep, certificate of occupancy, septic pumping).
Does the Home Seller Have to Pay the Home Buyer's Closing Costs?
No, a Lehigh Valley Home Seller does not have to help with a buyer's closing costs BUT in many situations a buyer may need some "sellers assist".
The home buyer has saved up the "down" money but doesn't have enough money to cover all of the closing costs.
The various mortgage types allow for some amount of Sellers Assist to include the closing costs as part of the mortgage.
Whether or not to allow it is negotiable between the home buyer and seller.
It is possible that if the Home Seller says No to sellers assist no matter how much the buyer wants the home they may not be able to go forward. The numbers don't work for them.
Should I Do Any Repair Work to My Lehigh Valley Home Before Listing It?
This question really depends on what repairs may be required. There are certain things a Home Seller should do to a home before listing it. Some of these items will affect how much a Home Buyer is willing to pay for the home.
The Joe Finnerty Team will recommend certain repairs if we feel they are detrimental to a successful sale and better price.
At no cost, we are willing to meet with you and walk through the home and offer our opinion on what will help make a successful sale at the highest price.